ITT Inc (ITT) Tops Q1 EPS by 19c, Revenue Beats, Offers FY Guidance
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ITT Reports Strong First-quarter Results, Raises 2021 Guidance
May 7, 2021 6:30 AM EDTRevenue up 5%, organic revenue up 2% driven by strength in Friction and Connectors Segment operating margin of 17.0%, up 530 bps, adjusted segment operating margin of 17.5%, up 300 bps; incremental margin over 70% EPS of $0.99, up 4%; adjusted EPS of $1.06, up 33% Raising 2021 revenue, segment margin, EPS and free cash flow guidance
WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- May 7, 2021-- ITT Inc. (NYSE: ITT) today reported first quarter 2021 financial results. The company reported first quarter year-over-year sales increase of 5%, up 2% on an organic basis driven primarily by strength in its... More
