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ITT: Q1 Earnings Insights

Benzinga Insights
·1 min read

Shares of ITT (NYSE:ITT) were unchanged in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share decreased 12.09% year over year to $0.80, which beat the estimate of $0.74.

Revenue of $663,300,000 less by 4.63% from the same period last year, which beat the estimate of $627,070,000.

Guidance

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

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

Details Of The Call

Date: May 01, 2020

View more earnings on ITT

Webcast URL: http://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: down 20.67%

Company Description

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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