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ITT Inc (ITT.N)

ITT.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

ITT Q3 adjusted earnings per share $0.66
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - ITT Inc ::ITT reports strong 2017 third-quarter results.Q3 adjusted earnings per share $0.66.Q3 earnings per share view $0.61 -- Thomson Reuters I/B/E/S.Qtrly ‍revenue up 11 pct to $645 million​.ITT Inc - co raising its previously announced fy17 revenue guidance to new range of up 4 percent to 5 percent.Company is raising the midpoint of its previously announced 2017 full year adjusted eps guidance by $0.07 to $2.52.ITT - for FY17 ‍new adjusted eps range is now $2.50 to $2.55​.Q3 earnings per share view $0.61, revenue view $606.1 million -- Thomson Reuters I/B/E/S.  Full Article

ITT increases quarterly dividend to 12.8 cents per share
Tuesday, 14 Feb 2017 

Itt Inc :Itt increases quarterly dividend to 12.8 cents per share.  Full Article

ITT announces agreement to acquire Axtone
Friday, 4 Nov 2016 

Itt Inc : ITT announces agreement to acquire Axtone . Deal for approximately $118 million . Transaction represents a cash consideration of approximately $118 million . Deal will be primarily funded from company's foreign cash (assumes $1.09 USD per EUR1 euro) .Transaction is expected to be accretive to itt earnings in first full year after closing.  Full Article

ITT reports Q3 GAAP earnings per share $0.98
Friday, 4 Nov 2016 

ITT Inc : ITT reports 2016 third-quarter results . Q3 adjusted earnings per share $0.58 . Q3 GAAP earnings per share $0.98 . Q3 earnings per share view $0.58 -- Thomson Reuters I/B/E/S . Says adjusts 2016 full-year guidance . Says recognized an $82 million pre-tax benefit in q3 . Says GAAP revenue is now expected to be down 5 percent to 6 percent in 2016 . Says has initiated a program offering certain former u.s. Employees with a vested pension benefit . Sees 2016 GAAP EPS guidance range to be $1.96 to $2.15 and adjusted EPS guidance range to be $2.20 to $2.30 . Says now expects GAAP EPS guidance range to be $1.96 to $2.15 and adjusted EPS guidance range to be $2.20 to $2.30 in 2016 . FY2016 earnings per share view $2.39, revenue view $2.41 billion -- Thomson Reuters I/B/E/S . Expects to recognize a non-cash pretax pension settlement charge of approximately $18-20 million in Q4 of 2016 . 2016 GAAP revenue is now expected to be down 5 percent to 6 percent, and organic revenue is expected to be down 9 to 10 percent .Says organic revenue is expected to be down 9 to 10 percent in 2016.  Full Article

ITT Inc Q2 earnings per share $0.36
Thursday, 4 Aug 2016 

ITT Inc : Q2 adjusted earnings per share $0.67 . Q2 GAAP earnings per share $0.36 . Q2 earnings per share view $0.60 -- Thomson Reuters I/B/E/S . Qtrly revenue flat at $626 million . Lowering its previously announced full-year 2016 GAAP and organic revenue guidance . Qtrly organic revenue down 6 percent . Sees FY 2016 revenue down 3 percent to down 5 percent . Announces up to $50 million of incremental share repurchases . Adjusts 2016 full-year guidance . Sees FY GAAP revenue is now expected to be down 3 percent to down 5 percent . Sees FY organic revenue is expected to be down 7 percent to down 9 percent . Sees GAAP EPS guidance range to be $1.40 to $1.62 in 2016 . Q2 revenue view $619.8 million -- Thomson Reuters I/B/E/S .FY2016 earnings per share view $2.45, revenue view $2.47 billion -- Thomson Reuters I/B/E/S.  Full Article

ITT to reduce cost structure of business in response to "weak oil and gas prices"
Friday, 24 Jun 2016 

ITT Inc : Finalized several restructuring actions in company's industrial process business . To reduce overall cost structure of business in response to persistently "weak oil and gas prices" . Expects to incur pre-tax cash costs, principally involuntary severance costs for approximately 270 employees . Expects to incur pre-tax cash costs of approximately $12 million to $13 million relating to restructuring actions . Expects to substantially complete restructuring actions during next 6 months . Benefits from actions expected to yield annual pre-tax cash savings to company of approximately $19 million - sec filing .Benefit and cost estimates were included within company's annual earnings estimates.  Full Article

ITT Corp reaffirms FY 2016 guidance
Thursday, 5 May 2016 

ITT Corp:Reaffirms its previously announced Fy 2016 revenue and adjusted EPS guidance.Expects FY 2016 total revenue to be flat to down 4 percent.Expects FY 2016 adjusted EPS to be in the range of $2.42 to $2.68 per share, which is flat at the midpoint and up 2 percent excluding the impact of foreign exchange compared to 2015.  Full Article

ITT Corp raises dividend by 5 pct to 12.4 cents per share
Friday, 12 Feb 2016 

ITT Corp:Raises dividend by 5 percent to 12.4 cents per share.Dividend for Q1 will be payable on April 1, 2016, to shareholders of record as of the close of business on March 11, 2016.  Full Article

ITT Corp gives FY 2016 guidance
Friday, 12 Feb 2016 

ITT Corp:Expects FY 2016 total revenue flat to down 4 percent, and GAAP EPS to be in the range of $1.72 to $2.11.Expects FY 2016 adjusted EPS to be in the range of $2.42 to $2.68 per share, which is flat at the midpoint and up 2 percent excluding impact of foreign exchange compared to 2015.  Full Article

BRIEF-ITT Q3 adjusted earnings per share $0.66

* Q3 earnings per share view $0.61 -- Thomson Reuters I/B/E/S