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Other Pre-Announcement

ITT First-Quarter Earnings Per Share $0.88

Published: 05/03/2022 12:39 GMT
ITT Inc (ITT) - Itt Reports First-quarter Earnings per Share of $0.88, Adjusted EPS of $0.97.
Q1 Adjusted Earnings per Share $0.97.
Q1 Earnings per Share $0.88.
Qtrly Revenue Up 4% (7% Organic) Driven Primarily by Connect & Control Technologies (cct).
Maintaining Full Year 2022 Revenue, Segment Margin and Adjusted EPS Guidance.
Qtrly Revenue $726.2 Million Versus $698.4 Million.
Q1 Earnings per Share View $0.97, Revenue View $695.3 Million -- Refinitiv Ibes Data (analyst estimates).
Now Expect Earnings per Share of $4.07 to $4.50 for 2022.
Free Cash Flow is Now Expected to Be in a Range of $250 Million to $300 Million, Representing Free Cash Flow Margin of About 8% to 10% for Full Year.
Itt - Guidance Sees Significant Reduction in Sales in Russia From Conflict in Ukraine, Currently Sees Will Impact Revenue by About $60 to $85 Million for FY.
FY2022 Earnings per Share View $4.46, Revenue View $2.96 Billion -- Refinitiv Ibes Data (analyst estimates).