Market Overview

Recap: ITT Q3 Earnings

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Shares of ITT (NYSE:ITT) remained unaffected after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 15.46% over the past year to $0.82, which beat the estimate of $0.71.

Revenue of $591,200,000 declined by 16.95% from the same period last year, which beat the estimate of $579,270,000.

Looking Ahead

ITT hasn't issued any earnings guidance for the time being.

ITT hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Oct 30, 2020

Time: 09:30 AM

ET Webcast URL: https://www.itt.com/investors/events

Recent Stock Performance

52-week high: $75.56

Company's 52-week low was at $35.41

Price action over last quarter: Up 5.67%

Company Profile

ITT is a diversified industrial conglomerate with nearly $3 billion in sales. After the spin-offs of Xylem and Exelis in 2011, the company's products primarily include brake pads, shock absorbers, pumps, valves, connectors, and switches. Its customers include original-equipment and Tier 1 manufacturers as well as aftermarket customers. ITT uses a network of approximately 700 independent distributors, which accounts for about one third of overall revenue. Nearly three fourths of the company's sales are made in North America and Europe. ITT's primary end markets include automotive, rail, oil and gas, aerospace and defense, chemical, mining, and general industrial.

 

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Posted-In: Earnings News