ITT Boosts Product Portfolio With the Acquisition of kSARIA [Yahoo! Finance]
ITT Inc. (ITT)
Last itt inc. earnings: 5/1 06:45 am
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Source: Yahoo! Finance
ITT Inc. ITT recently completed the acquisition of kSARIA Parent, Inc. (kSARIA). The transaction, valued at approximately $460 million, will be paid using a new term loan and the company's current cash. This deal was announced in August 2024. Based in Hudson, NH, kSARIA is engaged in designing and manufacturing high-quality cable management and protection solutions. The company also provides comprehensive turnkey installation services for fiber optic and electrical cable systems, specifically tailored for military and aerospace applications. Acquisition Rationale of ITT This acquisition is in sync with ITT's policy of acquiring businesses to strengthen its business and expand its product portfolio and market share. The inclusion of kSARIA's highly engineered cable assemblies for avionics, sensors, communications and networking applications will bolster its existing connector portfolio. By incorporating K-SARIA's well-established client base, ITT will be able to penetrate and di
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News
- SWRAY vs. ITT: Which Stock Should Value Investors Buy Now? [Yahoo! Finance]Yahoo! Finance
- ITT Inc. (NYSE: ITT) had its price target raised by analysts at TD Cowen from $150.00 to $165.00. They now have a "buy" rating on the stock.MarketBeat
- ITT Inc. (NYSE: ITT) had its price target lowered by analysts at Robert W. Baird from $165.00 to $163.00. They now have an "outperform" rating on the stock.MarketBeat
- ITT Reports 2024 Third Quarter Earnings Per Share (EPS) of $1.96, Adjusted EPS of $1.46Business Wire
- ITT Announces Participation at Baird’s 2024 Global Industrial Conference on Nov. 13Business Wire
ITT
Earnings
- 10/29/24 - Beat
ITT
Sec Filings
- 11/4/24 - Form 4
- 11/1/24 - Form S-3ASR
- 11/1/24 - Form 4
- ITT's page on the SEC website