ITT - ITT Non-GAAP EPS of $1.33 beats by $0.15 revenue of $833.9M beats by $38.44M
2023-08-03 06:37:05 ET
- ITT press release ( NYSE: ITT ): Q2 Non-GAAP EPS of $1.33 beats by $0.15 .
- Revenue of $833.9M (+13.7% Y/Y) beats by $38.44M .
- The company is updating its 2023 guidance and now expects segment operating margin of 17.4% to 18.2% and adjusted segment operating margin of 17.7% to 18.5%, up 50 bps to 130 bps, EPS of $4.85 to $5.05, and adjusted EPS of $4.95 to $5.15, up 11% to 16% for the full year. There is no change to the revenue guidance of 7% to 9% and 6% to 8% on an organic basis, or free cash flow guidance of $350 million to $400 million, representing free cash flow margin of 11% to 12%.
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ITT Non-GAAP EPS of $1.33 beats by $0.15, revenue of $833.9M beats by $38.44M