ITT reports Q2 adjusted EPS $1.33, consensus $1.18

Reports Q2 revenue $833.9M, consensus $795.9M. “ITT delivered a strong second quarter with growth and margin expansion across our businesses. Our teams drove double-digit growth in orders and revenue, with a book-to-bill once again above one. We expanded segment margins nearly 300 basis points, bolstered by the performance in Industrial Process and Motion Technologies. Our cash generation accelerated, which provides us the flexibility to execute M&A, pay down debt and repurchase shares whilst funding growth investments,” said ITT’s CEO and President Luca Savi.