Overview

* ITT Q3 revenue rose 13% yr/yr to $999 mln, driven by aerospace and defense

* Adjusted EPS for Q3 was $1.78, beating analyst expectations

* Company raised full-year revenue, EPS, and cash flow guidance

Outlook

* ITT raises 2025 revenue growth forecast to 6%-7%

* Company expects 2025 EPS of $6.16-$6.22, adj EPS $6.62-$6.68

* ITT projects 2025 free cash flow of $500 mln

Result Drivers

* AEROSPACE AND DEFENSE - Revenue growth driven by strength in aerospace and defense sectors

* PUMP PROJECTS - Strength in pump projects contributed significantly to revenue growth

* PRODUCTIVITY AND PRICING - Adjusted operating income increased due to productivity savings and pricing actions

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $999.10

Revenue mln

Q3 Beat $1.78 $1.66

Adjusted (11

EPS Analysts

)

Q3 EPS $1.62

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

* Wall Street's median 12-month price target for ITT Inc ( ITT ) is $200.00, about 12.1% above its October 28 closing price of $175.89

* The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)