ITT 2024 Guidance: Now Expects Adjusted EPS Of $5.80-$5.86 (Prior $5.65 - $5.90) Vs. $5.83 Est., And Revenue Growth Of 10%-12%
Portfolio Pulse from Benzinga Newsdesk
ITT has updated its 2024 guidance, raising its revenue and operating margin expectations. The company now anticipates adjusted EPS of $5.80-$5.86, with revenue growth of 10%-12%. Despite additional expenses from the kSARIA acquisition, ITT projects strong financial performance.
October 29, 2024 | 10:38 am
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ITT has increased its 2024 financial guidance, expecting higher revenue growth and adjusted EPS despite additional costs from the kSARIA acquisition. The company projects a strong financial performance with improved operating margins.
ITT's updated guidance indicates a positive outlook with increased revenue and EPS expectations. The company's ability to raise guidance despite acquisition-related costs suggests strong operational performance, likely boosting investor confidence and positively impacting the stock price.
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