ITT Reports First-Quarter 2020 Results

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Go back to ITT Reports First-Quarter 2020 Results

ITT Corp. (ITT) Tops Q1 EPS by 6c, Revenues Beat

May 1, 2020 6:46 AM EDT

ITT Corp. (NYSE: ITT) reported Q1 EPS of $0.80, $0.06 better than the analyst estimate of $0.74. Revenue for the quarter came in at $663 million versus the consensus estimate of $627.07 million.

First Quarter Results

Revenue of $663 million Total & Organic Revenue -5%Segment OI Margin of 11.7%; Adj Segment OI Margin of 14.5%EPS of $0.95 up +19% on Favorable Asbestos Settlement; Adj EPS of $0.80 down -12%

First, I would like to thank all of the first responders and essential employees around the world that provided us the opportunity to deliver to our customers in the essential... More