ITT Reports Strong Fourth-Quarter Results, Initiates 2021 Guidance
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ITT Inc (ITT) Tops Q4 EPS by 9c, Revenues Beat; Initiates FY21 EPS Outlook
February 19, 2021 6:32 AM ESTITT Inc (NYSE: ITT) reported Q4 EPS of $1.01, $0.09 better than the analyst estimate of $0.92. Revenue for the quarter came in at $708.6 million versus the consensus estimate of $656.97 million.
Delivered 200 basis points improvement in segment operating margin, 150 basis points improvement in adjusted segment operating marginGenerated full year operating cash flow of $436 million, up 22%; free cash flow of $372 million, up 40%Executed cost actions of over $100 million in 2020, producing incremental benefits in 2021Announces a 30% increase in quarterly dividend to $0.22 per shareInitiates 2021 EPS guidance of $3.12 to $3.48, adjusted EPS guidance of $3.45 to... More