ITT Provides Long-term Financial Targets
(RTTNews) - Ahead of its investor conference later on Thursday, ITT Inc. (ITT) announced long-term financial targets, which comprise 5 to 7 percent revenue growth, 20 percent adjusted segment operating margin, over 10 percent adjusted earnings per share growth, and a free cash flow margin range of 11 percent to 13 percent, all based on actual results for the year-ending December 31, 2021.
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ITT Ink 10-Year Strategic Agreement With Continental To Supply Aftermarket Brake Pads
ITT Inc. (ITT) announced Monday that the company has signed a 10-year strategic agreement for the supply of aftermarket brake pads to German automotive supplier Continental AG (CTTAY.PK). The agreement is expected to generate more than $1 billion in revenue over the term.
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696 days ago
ITT Guides FY23 Adj. EPS Just Below Estimates; Hikes Dividend 10% - Update
While reporting financial results for the fourth quarter on Thursday, ITT Inc. (ITT) initiated its adjusted earnings and revenue growth guidance for the full-year 2023. It also increased quarterly dividend by 10 percent.
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735 days ago
Eurozone Industrial Output Falls More Than Expected
Eurozone industrial production registered a bigger-than-expected decline in December on sharp falls in capital a
Industrial output fell 1.1 percent in December from November. The fall was deeper than the forecast of 0.6 percent also reversed the 0.4 percent increase in November. Among major industrial groupings, only non-durable consumer goods and energy production improved from the last month.
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5h 33min ago
Sensex, Nifty Give Up Early Gains
Indian shares erased early gains to end on a flat note Thursday due to prevailing uncertainty over U.S. President Donald Trump's plans for reciprocal tariffs and amid the weekly F&O expiry.
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5h 34min ago
FTSE Drifts Lower Despite Fairly Decent Economic Data
Despite some encouraging economic data, the U.K. market is down in negative territory Thursday morning as investors react cautiously to mixed earnings updates.
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5h 38min ago
CAC 40 Rises To 9-month High As Investors React To Earnings
Despite lingering concerns about fresh U.S. tariffs and global growth outlook, French stocks are notably higher Thursday morning with investors reacting to quarterly earnings updates and betting on more monetary easing by the European Central Bank.
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6h 11min ago
Philippine Central Bank Unexpectedly Retains Policy Rates
The Philippine central bank unexpectedly left its interest rates unchanged after cutting it for three straight times amid heightened uncertainty over US trade policy. The Monetary Board of the Bangko Sentral ng Pilipinas decided to hold the target reverse repurchase rate at 5.75 percent. The interest rates on the overnight deposit and lending facilities were kept unchanged.
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6h 23min ago
European Shares Mixed; FTSE 100 Dips As Pound Jumps On Upbeat GDP Data
European stocks were broadly higher on Thursday amid improving prospects for a peace settlement in Russia-Ukraine war.
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6h 30min ago
