ITT Inc (ITT) Tops Q1 EPS by 5c; Bumps Guidance
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ITT Reports 2023 First Quarter Earnings Per Share (EPS) of $1.20, Adjusted EPS Of $1.17
May 4, 2023 6:30 AM EDT10% revenue growth driven by higher volume and pricing actions 7% orders growth driven by Industrial Process (IP) short-cycle and pump projects, and Connect & Control Technologies (CCT) aerospace demand 270 basis points segment operating margin expansion (150 basis points adjusted) to 17.3% (17.5% adjusted) 36% EPS growth (21% adjusted) driven by pricing actions, volume leverage and productivity Acquisition of Micro-Mode Products, leading provider of specialty harsh application connectors
STAMFORD, Conn.--(BUSINESS WIRE)-- May 4, 2023 -- ITT Inc. (NYSE: ITT) today reported financial results for the first quarter ended April 1, 2023. The company... More
