ITT Q1 Preliminary Results: Flat Revenue, Eyes $1 Billion In Orders, $500 Million In New Buybacks & More

ITT Inc. ITT shares traded lower premarket on Thursday. The company disclosed preliminary results for the first quarter and approved the share repurchase.

Outlook: The company expects orders of $1.0 billion, up 7% or 2% organically year over year (Y/Y), led by pump project and connectors’ awards.

ITT projects revenue of over $900 million vs. the consensus of $901.06 million, which is flat on a GAAP and organic basis in the quarter.

Revenue growth is expected to be aided by strength in pumps aftermarket, connectors and rail, offset by weak aerospace demand.

The company anticipates an adjusted operating margin of 17.4%, impacted by unfavorable foreign currency.

ITT sees adjusted EPS of $1.43 to $1.45 (vs. street view of $1.43) in the first quarter.

Buyback: Subject to market conditions, the company plans to repurchase up to an additional $500 million in shares.

As of March 29, 2025, ITT had $875 million remaining under its $1 billion indefinite share repurchase plan approved in 2023.

The company plans to release first-quarter results on May 1.

Last month, ITT launched VIDAR, a compact smart motor with built-in variable speed intelligence designed to reduce energy use, CO2 emissions, and costs.

This, formerly known as the Embedded Motor Drive (EMD), marks ITT’s entry into the $6 billion industrial motor market.

Investors can gain exposure to the stock via Gabelli Automation ETF GAST and Neuberger Berman ETF Trust Neuberger Berman Small-Mid Cap ETF NBSM.

Price Action: ITT shares are down 1.87% at $123.04 premarket at last check on Thursday.

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