ITT Inc (ITT) Tops Q4 EPS by 9c, Revenues Beat; Initiates FY21 EPS Outlook
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ITT Reports Strong Fourth-Quarter Results, Initiates 2021 Guidance
February 19, 2021 6:30 AM ESTDelivered 200 basis points improvement in segment operating margin, 150 basis points improvement in adjusted segment operating margin Generated 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 2021 Announces a 30% increase in quarterly dividend to $0.22 per share Initiates 2021 EPS guidance of $3.12 to $3.48, adjusted EPS guidance of $3.45 to $3.75, up 8% to 17% adjusted
WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- ITT Inc. (NYSE: ITT) today reported fourth quarter 2020 and full-year... More
