Overview
ITT Q3 revenue rose 13% yr/yr to $999 mln, driven by aerospace and defense
Adjusted EPS for Q3 was $1.78, beating analyst expectations
Company raised full-year revenue, EPS, and cash flow guidance
Outlook
ITT raises 2025 revenue growth forecast to 6%-7%
Company expects 2025 EPS of $6.16-$6.22, adj EPS $6.62-$6.68
ITT projects 2025 free cash flow of $500 mln
Result Drivers
AEROSPACE AND DEFENSE - Revenue growth driven by strength in aerospace and defense sectors
PUMP PROJECTS - Strength in pump projects contributed significantly to revenue growth
PRODUCTIVITY AND PRICING - Adjusted operating income increased due to productivity savings and pricing actions
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$999.10 mln
Q3 Adjusted EPS
Beat
$1.78
$1.66 (11 Analysts)
Q3 EPS
$1.62
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for ITT Inc is $200.00, about 12.1% above its October 28 closing price of $175.89
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 23 three months ago
Press Release: ID:nBwc13jHra
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
