ITT Corp. (ITT) Tops Q4 EPS by 5c, Offers FY18 Guidance
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ITT Reports 2017 Fourth-Quarter and Full-Year Results, 2018 Guidance
February 16, 2018 6:45 AM EST2017 Full-Year Results:
Revenue up 8% to $2.6 billion, Organic revenue up 3% Segment Operating Income (OI) up 17%, Adjusted Segment OI up 11% GAAP EPS of $1.29 includes U.S. tax law charge, Adjusted EPS up 12% to $2.59 Free Cash Flow (FCF = cash flows from operations less capital expenditures) increased to $134 million; Adjusted FCF conversion of 100%2017 Fourth-Quarter Results:
Revenue up 16% to $684 million, Organic revenue up 8% Segment OI up 36%, Adjusted Segment OI up 29%... More