ITT Inc.: Will The Acquisition of kSARIA Be A Game Changer?

ITT’s 2024 second quarter earnings call reflected a robust period of growth and strategic positioning bolstered by significant commercial wins and streamlined operations. The tone conveyed by CEO Luca Savi and CFO Emmanuel Caprais revealed a company making deliberate strides in expanding its market foothold, particularly within high-margin, high-growth sectors. The quarter witnessed a commendable revenue growth of 9%, with particular strength noted in aerospace, defense, and automotive segments. The acquisition of Svanehøj plays a central role in ITT’s strategy, contributing notably to this grow. Friction and Motion Technologies segments notably outperformed market
benchmarks, particularly in the Chinese markets. The company reported an earnings per share boost of 12%, achieving a record $1.49, alongside a marked improvement in free cash flow.