ITT Inc.
ITT Inc. is a global manufacturer of engineered components and technology solutions. It serves the transportation, industrial, and energy markets worldwide.
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Performance
ITT Inc. (NYSE: ITT) delivered strong financial performance in 2024, with total revenue increasing 10.6% year-over-year to $3.63 billion. The company achieved net income of $518.3 million, up 26.3%, and adjusted earnings per share (EPS) of $5.86, a 12.5% increase. In the fourth quarter, revenue rose 12% year-over-year to $929 million, with an organic growth of 6%. Adjusted EPS for the quarter was $1.50, up 11.9% from the previous year. Operating income for the quarter was $160 million, a 35% increase, and operating margin expanded by 290 basis points to 17.2%. Free cash flow for the year was $439 million, up 2% from 2023. Looking ahead, ITT projects adjusted EPS for 2025 to be between $6.10 and $6.50, with revenue growth expected to be in the range of 3–5% organically. The company also announced a 10% increase in its quarterly dividend to $0.351 per share.
Quality of Earnings
The company demonstrates strong adherence to General Accounting Principles, with financial reports that conform to GAAP, are decision-useful, sustainable, and offer returns exceeding the cost of capital. There have been no recent changes to accounting policies, and all required financial reports are submitted on time. Revenue quality is also robust, marked by high predictability—with a substantial portion of clients returning year after year—strong profitability with gross margins exceeding 70%, diversified income sources with no client accounting for more than 15% of revenue, and clear growth in both revenue and net income. Additionally, there are no significant financial report warning signs: earnings contain minimal accrual components, do not narrowly beat benchmarks in a suspicious pattern, and revenue is not recognized prematurely. Expenses are not misrepresented, audit opinions are unqualified, goodwill is properly assessed, and the company does not rely on aggressive accounting tactics such as related-party transactions or off-balance-sheet debt. Operating ccash flows align with net income, earnings are recurring and persistent, and there is no history of restatements or enforcement actions, reinforcing the reliability and quality of the company’s financial reporting.
Company Summary
ITT Inc. (NYSE: ITT) is a diversified global manufacturer headquartered in Stamford, Connecticut, specializing in engineered critical components and customized technology solutions for transportation, industrial, energy, and aerospace markets.
