ITT Inc (ITT) Tops Q2 EPS by 4c, Offers Guidance
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ITT Reports Strong Second-Quarter Results, Raises 2021 Guidance
August 5, 2021 5:00 PM EDTRevenue up 34% (organic revenue up 29%) driven primarily by strength in Friction Segment operating margin of 16.5%, up 930 bps; up 390 bps adjusted EPS of $0.45, down 15%; adjusted EPS of $0.94, up 65% vs. 2020 and above 2019 levels Completed divestiture of all legacy asbestos liabilities Raising full-year 2021 revenue and EPS guidance
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WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- August 5, 2021-- ITT Inc. (NYSE: ITT) reported financial results for the second quarter ended July 3, 2021. The company delivered a year-over-year revenue increase of 34% (29% organic) driven by growth in our Motion... More
