WASHINGTON (dpa-AFX) - ITT Inc. (ITT) reported preliminary first quarter results. The company anticipates: earnings per share of $1.29 to $1.35, and adjusted EPS of $1.43 to $1.45. Revenue is projected more than $900 million; flat on a GAAP and organic basis. Orders were $1.0 billion, up 7%, or 2% on an organic basis. Analysts on average expect the company to report profit per share of $1.43, for the quarter. Analysts' estimates typically exclude special items.
ITT's Board, in 2023, approved an indefinite term $1 billion share repurchase authorization, and as of March 29, 2025, there was $875 million of remaining authorization under the Repurchase Plan. The company plans to utilize such plan to repurchase up to an additional $500 million of ITT shares. The company believes that it will continue to have the financial and managerial capacity to execute further acquisitions while maintaining investment grade credit rating.
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