STAMFORD, Conn. - ITT Inc. (NYSE:ITT) reported fourth quarter earnings that topped analyst estimates, while revenue came in slightly below expectations. The industrial manufacturing company also announced a 10% increase to its quarterly dividend.
ITT posted adjusted earnings per share of $1.50 for Q4, beating the analyst consensus of $1.48. Revenue for the quarter was $929 million, just shy of the $930.71 million analysts were expecting.
Compared to the same quarter last year, revenue increased 12%, or 6% on an organic basis. The company said the growth was primarily driven by higher volume, pricing actions, and contributions from recent acquisitions.
Operating income rose 35% year-over-year to $160 million, with operating margin expanding 290 basis points to 17.2%. On an adjusted basis, operating income grew 16% to $163 million.
"In 2024, our teams delivered on our commitments once again. We grew revenues 11% in total, 7% organically, with strength across all segments," said CEO Luca Savi.
For the full year 2025, ITT forecasts adjusted earnings per share of $6.10 to $6.50, compared to the analyst consensus of $6.49. The company expects revenue growth of 2% to 4%, or 3% to 5% organically.
Additionally, ITT announced it will raise its quarterly dividend by 10% to $0.351 per share. This marks the third straight year of 10% dividend increases.
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