NYSE$ITT

ITT Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

ITT reported strong fourth-quarter and full-year results, demonstrating operational execution and share gain strategies.

ITT Inc. reported a 6% increase in fourth-quarter revenue to $719 million. Organic revenue increased by 4%. EPS grew by 32% to $0.75, and adjusted EPS grew by 21% to $0.99.

  • Total Revenue was $719 million with Segment OI Margins of 14.9%.
  • Organic Revenue was $705 million with Adj Segment OI Margins of 15.4%.
  • Adjusted EPS was $0.99.
  • Friction OEM Outperformed Global Auto by 1,600 bps in Q4.

Headline financials

Total Revenue

$719M

Previous: $678M+6.0%
EPS (adj)

$0.99

Previous: $0.82+20.7%
Total Organic Growth

4.0%

No prior period
Motion Technologies Organic Growth

7.0%

No prior period
Industrial Process Organic Growth

4.0%

No prior period
Connect & Control Technologies Organic Growth

-2.0%

No prior period
Net Income

$69.1M

Previous: $51.9M+33.1%
Operating Income

$82.3M

Previous: $68.6M+20.0%
Gross Profit

$228M

Previous: $211M+8.3%
Cash & Equivalents

$612M

Previous: $561M+9.1%
Total Assets

$4.11B

Previous: $3.85B+6.8%
Stock-Based Comp

$3.4M

Previous: $4.7M-27.7%

Revenue & EPS history

ITT · Revenue · Quarterly

$719M

Q4 2019+6%vs Q4 2018
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

ITT · $720M total across 3 segments · Q4 2019

  • Motion Technologies
    $304M
  • Industrial Process
    $255M
  • Connect & Control Technologies
    $161M

Forward guidance

ITT provided 2020 guidance, projecting total revenue down 1 percent with a range of down 3 percent to up 1 percent, adjusted segment margin expansion of 80 bps with a range of up 50 bps to up 110 bps, and adjusted EPS of $3.87 per share, with a wider range of $3.72 to $4.02 per share to reflect the increasing uncertainty from the novel coronavirus.

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 Q4 2019

Historical avgQ4 2019

+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

Earnings price reactions
QuarterReport dateReaction (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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro