Back to top

Image: Bigstock

ITT Corporation

Read MoreHide Full Article

ITT’s first-quarter 2018 adjusted earnings beat the Zacks Consensus Estimate by 5.5% and rose 20.3% year over year, on the back of top line growth and operational improvement initiatives. The company has been enjoying broad-based strength in transportation and chemical markets, and benefits from the Axtone buyout. ITT raised its earnings guidance for 2018, on the back of order growth and operational momentum. Consequently, ITT’s shares have surpassed the industry average over the past year. ITT Inc. has achieved operational excellence through its Lean Six Sigma program, restructuring initiatives and global sourcing efforts. However, weaker upstream and midstream project activity has been hurting its performance in the oil and gas market. Also, sluggish aerospace and defense business add to the company’s woes.

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

ITT Inc. (ITT) - free report >>

Published in