ITT Inc (ITT) Tops Q3 EPS by 3c, Beats on Revenue; Offers FY24 EPS Guidance
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ITT Reports 2024 Third Quarter Earnings Per Share (EPS) of $1.96, Adjusted EPS of $1.46
October 29, 2024 6:30 AM EDT17% orders growth (14% organic) driven by pump project awards, rail share gains and connectors demand 8% revenue growth (6% organic) driven by strength across all segments 610 basis points operating margin expansion to 23.5%, including $48 million preliminary gain on divestiture of Wolverine Advanced Materials (Wolverine); 60 basis points adjusted operating margin expansion to 18.3% 46% EPS growth primarily driven by the gain on the Wolverine divestiture; 7% adjusted EPS growth driven by pricing actions, volume and productivity Raising midpoint of full year EPS guidance... More
