;
This site uses cookies to enable basic functionality, provide an enhanced user experience and collect performance data.
Manage

NEW PRODUCT

CCS2 High Amperage EV Charging Connector - with boost mode up to 500A

Try Our New Configurator

As simple as 1, 2, 3 - Configure a Part Number, Download Technical Data, and Check Stock. Now available for APD Series  I CTC Series  I  MKJ Series  I  Nemesis Series

2024 Global Events Calendar

Throughout the year, we will be attending renowned exhibitions & conferences around the world, find out where >>

Home / About / News, Events and Blogs / ITT Reports Q2 2024 Earnings and Acquisition of kSARIA

ITT 

ITT Reports Q2 2024 Earnings and Acquisition of kSARIA

08/01/2024

ITT Reports 2024 Second Quarter Earnings Per Share (EPS) of $1.45, Adjusted EPS of $1.49; Announces Portfolio Reshaping With Acquisition of Interconnect Solutions Provider kSARIA and Divestiture of Automotive Components Supplier Wolverine

August 1, 2024
  • 9% revenue growth (6% organic) driven by higher sales volumes across all segments and the acquisition of Svanehøj
  • 60 basis points operating margin expansion to 17.6%; 100 basis points adjusted operating margin expansion to 18.0%
  • 11% EPS growth (12% adjusted) driven by volume, productivity and value pricing
  • Signed definitive agreement to acquire kSARIA, leading provider of highly engineered, mission critical interconnect solutions for the defense and aerospace markets and divested Wolverine Advanced Materials (Wolverine) business, manufacturer of automotive components, in July
  • Maintaining full year revenue, operating margin, EPS and cash flow guidance despite $0.15 impact from divestiture

STAMFORD, Conn.--(BUSINESS WIRE)--Aug. 1, 2024-- August 1, 2024-- ITT Inc. (NYSE: ITT) today reported financial results for the second quarter ended June 29, 2024 and announced a reshaping of its portfolio to shift focus to higher growth and margin businesses.

;