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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605 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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644 days ago
Soft Start Anticipated For Taiwan Stock Market
The Taiwan stock market has moved lower in four straight sessions, tumbling almost 850 points or 3.6 percent along the way. The Taiwan Stock Exchange now rests just above the 22,715-point plateau and it's expected to open to the downside again on Friday.
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5h 28min ago
Japan GDP Adds 0.2% On Quarter In Q3
Japan's gross domestic product expanded by a seasonally adjusted 0.2 percent on quarter in the third quarter of 2024, the Cabinet Office said in Friday's preliminary report.
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5h 48min ago
Singapore Bourse May Spin Its Wheels On Friday
The Singapore stock market has moved higher in two straight sessions, collecting more than 25 points or 0.7 percent along the way. The Straits Times Index now sits just beneath the 3,740-point plateau although it may run out of steam on Friday.
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5h 58min ago
Malaysia Stock Market May Extend Thursday's Losses
The Malaysia stock market headed south again on Thursday, one day after ending the four-day slide in which it had dropped more than 25 points or 1.7 percent. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau, although it may give up that support on Friday.
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6h 28min ago
TSX Rises To New Record High, Settles Above 25k Mark
The Canadian market settled higher on Thursday with the benchmark S&P/TSX Composite Index moving on to a new record high, riding on strong gains in the energy sector. In addition to reacting to a slew of earnings updates, investors also digested a mixed batch of economic data from the U.S.
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6h 54min ago
South Korea Shares May See Renewed Consolidation
The South Korea stock market on Thursday snapped the four-day losing streak in which it had plunged almost 250 points or 5.8 percent. The KOSPI now sits just beneath the 2,420-point plateau although it may head south again on Friday.
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6h 58min ago
