ITT Earnings Prediction
The chart below shows how ITT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ITT sees a -0.99% change in stock price 10 days leading up to the earnings, and a +3.72% change 10 days following the report. On the earnings day itself, the stock moves by -0.11%. This data can give you a slight idea of what to expect for the next quarter's release.
ITT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
929.00M
12.05%
4.95%
Gross Margin
34.06%
-1.28%
-3.98%
Operating Margin
17.73%
-0.56%
-2.48%
Net Margin
13.72%
21.96%
-24.99%
EPS
1.55
39.64%
-20.92%
No Data Available
ITT Earnings Analysis
ITT Inc Corporation (ITT.N) Earnings Conference Call
Positive
Earnings Per Share Growth: ITT Inc. reported an EPS of $1.50, exceeding expectations of $1.48, marking a 12% growth year-over-year.
Order and Backlog Growth: Total orders grew by 10%, with a 34% increase in ending backlog, reaching $1.6 billion compared to the previous year.
Revenue Growth Contribution: Revenue increased by 11% year-over-year, with all business segments contributing to this growth, including a strong performance from recent acquisitions.
Operating Margin Expansion: Operating margin expanded by 80 basis points to nearly 18%, driven by strong volume and favorable pricing actions, surpassing long-term margin targets two years ahead of schedule.
Free Cash Flow Surge: Free cash flow reached nearly $440 million, representing a 42% year-over-year increase, enabling significant shareholder returns exceeding $200 million.
Negative
Divestiture Loss Impact: Absorption of $50 million loss from the Wolverine divestiture negatively impacted earnings, contributing to a decrease in overall profitability despite other growth metrics.
Margin Expansion Challenges: Operating margin expansion was achieved at the cost of absorbing $0.07 in earnings loss from the Wolverine divestiture and $0.08 from increased interest expenses related to acquisitions.
EPS Growth vs. Currency Headwind: Despite a 12% growth in EPS, the company is expected to absorb an incremental $0.09 headwind from foreign currency fluctuations due to a stronger US dollar.
Projected Revenue Decline: Projected revenue decline in the low single-digit range for Q1 2025, primarily driven by Motion Technologies due to reduced global vehicle production, indicating potential challenges ahead.
Financial Pressures Ahead: The 2025 guidance includes a $0.30 impact from the loss of earnings due to the Wolverine divestiture, a higher effective tax rate, and unfavorable foreign exchange effects, suggesting ongoing financial pressures.
ITT FAQs
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ITT Earning Call Sentiment
ITT Inc. (NYSE:ITT) Q4 2024 Earnings Call Transcript
ITT.N
0.42%Positive
The earnings call reveals strong financial performance with significant growth in EPS, revenue, and free cash flow. The company also reported a record backlog and raised EPS guidance, indicating positive future prospects. Despite challenges like higher interest expenses and supply chain issues, the company is actively addressing these. The Q&A section highlights robust order growth and price renegotiations, supporting a positive outlook. While some management responses were vague, overall sentiment is positive, with expected margin expansion and strategic investments likely to boost the stock price.
