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Stock impact report

ITT Stock Exhibits Strong Prospects Despite Increasing Costs [Yahoo! Finance]

ITT Inc. (ITT) 
Last itt inc. earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: itt.com/investors
Company Research Source: Yahoo! Finance
Strength in the general industrial end market is aiding the segment's aftermarket business. The acquisition of Svanehøj also bodes well for the segment. Growth in component and connector sales within the aerospace and defense markets is aiding the CCT segment. The acquisition of Micro Mode augurs well for the segment. Solid momentum in the friction OE (original equipment), KONI and Axtone businesses is driving growth of the MT segment. Strong demand for the company's brake components and specialized sealing solutions, shock absorbers and damping technologies in OEM and rail transportation markets are likely to drive the segment's performance in the quarters ahead. For 2024, ITT expects its organic sales to increase in the band of 4-7% from the year-ago level. The company aims to expand its market share, product offerings and customer base through strategic acquisitions. In August 2024, ITT inked a deal to acquire kSARIA Parent, Inc. The acquisition will enhance its product portfol Show less Read more
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