NYSE$ITT
ITT Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
ITT reported strong results and raised 2021 outlook.
ITT Inc. reported a 17% year-over-year revenue increase, driven by growth in Motion Technologies’ Friction aftermarket business, the connector business in Connect & Control Technologies, and short cycle demand in Industrial Process. EPS was $1.00, up 282%, and adjusted EPS was $0.99, up 21%. The company raised its full-year adjusted earnings per share outlook to a new range of $4.01 to $4.06.
- Revenue up 17%, organic revenue up 16% driven by demand across all segments
- Segment operating margin of 16.1%, up 190 bps
- Adjusted segment operating margin of 16.8%, up 60 bps
- Earnings Per Share (EPS) of $1.00, up 282%; adjusted EPS of $0.99 up 21%; exceeding 2019
Headline financials
Revenue & EPS history
ITT · Revenue · Quarterly
$690M
Revenue by segment
ITT · $690M total across 3 segments · Q3 2021
- Motion Technologies$332M+22.3%48.2%
- Industrial Process$211M+8.6%30.5%
- Connect & Control Technologies$147M+16.8%21.3%
Forward guidance
ITT raised its full-year 2021 guidance to reflect the strong third quarter results despite higher than anticipated headwinds from raw material costs, particularly in the Motion Technologies segment. We now expect earnings per share of $3.47 to $3.54, up 345% to 354%, and adjusted earnings per share of $4.01 to $4.06 per share, up 25% to 27%.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
+1.9%
Avg return
Earnings day
+1.6%
Avg return
5 days after
+2.1%
Avg return
30 days after
65%
47 / 72 earnings
Positive
+17.4%
Q3 2019
Best reaction
-9.9%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.8% | -2.8% | -10.0% | |
| Q4 2025 | +9.1% | +8.3% | +0.2% | |
| Q3 2025 | +11.2% | +5.5% | +4.7% | |
| Q1 2025 | +0.7% | +3.6% | +9.9% | |
| Q4 2024 | -2.1% | -2.6% | -7.2% | |
| Q3 2024 | +0.2% | -2.8% | +7.7% | |
| Q2 2024 | -8.3% | -8.8% | -1.6% | |
| Q1 2024 | -0.8% | +4.1% | +2.8% | |
| Q4 2023 | -2.7% | -4.9% | +1.1% | |
| Q3 2023 | +7.7% | +6.8% | +17.3% | |
| Q2 2023 | +3.0% | +2.6% | +5.2% | |
| Q1 2023 | +0.9% | -1.3% | -0.6% | |
| Q4 2022 | -0.4% | +2.5% | -5.3% | |
| Q3 2022 | +1.5% | +3.2% | +13.8% | |
| Q2 2022 | +4.2% | +3.8% | -4.3% | |
| Q1 2022 | +6.7% | +0.3% | +5.0% | |
| Q4 2021 | -3.1% | -7.5% | -18.9% | |
| Q3 2021 | +3.2% | +6.5% | -1.7% | |
| Q2 2021 | +0.7% | +1.3% | -3.3% | |
| Q1 2021 | +1.6% | -4.6% | -3.9% | |
| Q4 2020 | +4.4% | +8.6% | +14.8% | |
| Q3 2020 | -0.7% | +0.0% | +19.5% | |
| Q2 2020 | +0.7% | +1.2% | +8.5% | |
| Q1 2020 | -9.9% | -9.0% | +9.4% | |
| Q4 2019 | -3.5% | -10.2% | -43.9% | |
| Q3 2019 | +17.4% | +15.5% | +17.4% | |
| Q2 2019 | -6.2% | -5.9% | -6.2% | |
| Q1 2019 | +3.8% | +3.0% | -3.2% | |
| Q4 2018 | +4.0% | +3.4% | -0.5% | |
| Q3 2018 | +5.5% | +7.4% | +5.1% | |
| Q2 2018 | +10.1% | +8.8% | +4.8% | |
| Q1 2018 | +5.9% | +6.7% | +7.6% | |
| Q4 2017 | -0.3% | +0.9% | -0.8% | |
| Q3 2017 | +9.7% | +10.2% | +14.4% | |
| Q2 2017 | +2.2% | +1.1% | +0.1% | |
| Q1 2017 | -1.3% | -4.5% | -9.2% | |
| Q4 2016 | +2.6% | -0.6% | -2.3% | |
| Q3 2016 | -0.5% | +4.4% | +20.7% | |
| Q2 2016 | +5.2% | +7.2% | +16.1% | |
| Q1 2016 | -8.5% | — | — | |
| Q4 2015 | +6.2% | — | — | |
| Q3 2015 | +2.2% | — | — | |
| Q2 2015 | -2.1% | — | — | |
| Q1 2015 | +2.9% | — | — | |
| Q4 2014 | +4.5% | — | — | |
| Q3 2014 | +2.7% | — | — | |
| Q2 2014 | -1.9% | — | — | |
| Q1 2014 | +2.0% | — | — | |
| Q4 2013 | +3.3% | — | — | |
| Q3 2013 | +9.2% | — | — | |
| Q2 2013 | +10.1% | — | — | |
| Q1 2013 | +3.3% | — | — | |
| Q4 2012 | +4.3% | — | — | |
| Q3 2012 | +3.4% | — | — | |
| Q2 2012 | +12.0% | — | — | |
| Q1 2012 | +0.0% | — | — | |
| Q4 2011 | +6.5% | — | — | |
| Q3 2011 | +2.9% | — | — | |
| Q2 2011 | -4.7% | — | — | |
| Q1 2011 | +1.4% | — | — | |
| Q4 2010 | +1.1% | — | — | |
| Q3 2010 | -0.3% | — | — | |
| Q2 2010 | -1.5% | — | — | |
| Q1 2010 | -3.3% | — | — | |
| Q1 2009 | +1.9% | — | — | |
| Q4 2007 | +1.9% | — | — | |
| Q4 2009 | +1.9% | — | — | |
| Q3 2009 | -0.1% | — | — | |
| Q3 2008 | -0.1% | — | — | |
| Q4 2008 | -1.7% | — | — | |
| Q2 2009 | -1.7% | — | — | |
| Q2 2008 | -1.7% | — | — |
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