Brief: ITT Reports 2022 Fourth Quarter Results

ITT

09/02/2023 14:01

Feb 9 (Reuters) - Itt Inc  ITT.N :
    * ITT REPORTS 2022 FOURTH QUARTER EARNINGS PER SHARE (EPS)
OF
$1.39, ADJUSTED EPS OF $1.29
    * QTRLY REVENUE $774.6 MILLION, UP 13%
    * OVERCAME MORE THAN $200 MILLION OF COST INFLATION,
SIGNIFICANT
FOREIGN CURRENCY HEADWINDS AND LOSS OF BUSINESS IN RUSSIA IN
2022
    * EXPECT 2023 REVENUE GROWTH OF 7% TO 9%, UP 6% TO 8% ON AN
ORGANIC BASIS
    * SEES  2023 EPS OF $4.38 TO $4.78
    * SEES 2023 ADJUSTED EPS OF $4.55 TO $4.95
    * FY2023 EARNINGS PER SHARE VIEW $4.96 -- REFINITIV IBES
DATA
    * Q4 EARNINGS PER SHARE VIEW $1.24, REVENUE VIEW $766.9
MILLION --
REFINITIV IBES DATA

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