ITT Reports Strong 3rd Quarter Results Raises 2019 Earnings Guidance Announces $500 Million Share Repurchase Program

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Go back to ITT Reports Strong 3rd Quarter Results Raises 2019 Earnings Guidance Announces $500 Million Share Repurchase Program

ITT Corp. (ITT) Tops Q3 EPS by 7c, Revenues Beat; Raises FY19 EPS Guidance Above Consensus, Announces New $500M Share Buyback

November 1, 2019 6:47 AM EDT

ITT Corp. (NYSE: ITT) reported Q3 EPS of $0.97, $0.07 better than the analyst estimate of $0.90. Revenue for the quarter came in at $712 million versus the consensus estimate of $707.02 million.

Revenue of $712 million +5%; Organic Revenue +4%Segment OI Margin of 15.0%; Adj Segment OI Margin of 16.6%EPS of $1.34 up 7%; Adj EPS of $0.97 up 18%Adj EPS Full Year Guidance Midpoint Increased to $3.74New $500 Million Share Repurchase Program

I am proud of the hard work ITTers all around the world delivered with an intense focus on meeting our customers needs and... More