ITT Inc. has released its preliminary unaudited financial results for the first quarter ending March 29, 2025. The company reported orders of $1.0 billion, reflecting a 7% growth or 2% on an organic basis. Revenue stood at more than $900 million, remaining flat on a GAAP and organic basis. Operating margin was reported at 16.5%, with adjusted operating margin at 17.4%, both impacted by unfavorable foreign currency. Earnings per share (EPS) were announced to be in the range of $1.29 to $1.35, with adjusted EPS between $1.43 to $1.45. Net cash from operating activities was reported to be between $107 million to $117 million, with free cash flow ranging from $70 million to $80 million.
The company intends to repurchase up to an additional $500 million of ITT shares, utilizing its existing $1 billion share repurchase authorization. As of March 29, 2025, there was $875 million of remaining authorization under the repurchase plan. The company emphasized its financial and managerial capacity to execute further acquisitions while maintaining its investment-grade credit rating.
These preliminary financial results are based on a weighted average share count of 81.7 million shares and assume an expected effective tax rate of 22%. The company will provide further details on its first quarter financial results and its full-year outlook on an investor conference call scheduled for May 1, 2025, at 8:30 a.m. ET.
ITT Inc. is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and energy markets. The company is headquartered in Stamford, Connecticut, with employees in more than 35 countries and sales in approximately 125 countries. Following these announcements, the company's shares moved -1.0%, and are now trading at a price of $124.1. For the full picture, make sure to review ITT's 8-K report.
