ITT Maintains FY24 Revenue, Margin, EPS And Free Cash Flow Guidance Despite Wolverine Divestiture; Adjusted EPS Of $5.65 - $5.90, Est $5.86
Portfolio Pulse from Benzinga Newsdesk
ITT maintains its FY24 revenue, margin, EPS, and free cash flow guidance despite the Wolverine divestiture. The company expects revenue growth of 9% to 12%, operating margin of 16.9% to 17.5%, and adjusted EPS of $5.65 to $5.90. Free cash flow is projected to be $435 million to $475 million.
August 01, 2024 | 10:35 am
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ITT maintains its FY24 guidance despite the Wolverine divestiture, expecting revenue growth of 9% to 12%, operating margin of 16.9% to 17.5%, and adjusted EPS of $5.65 to $5.90. Free cash flow is projected to be $435 million to $475 million.
ITT's ability to maintain its FY24 guidance despite the Wolverine divestiture is a positive signal for investors. The expected revenue growth, operating margin, and adjusted EPS indicate strong financial health and operational efficiency. This news is likely to have a positive short-term impact on ITT's stock price.
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