ITT Bornemann

ITT Inc. today announced its Q1 2024 results and raised its full year guidance. During a strong quarter in which we continued our profitable growth momentum from 2023 and acquired Svanehøj for $409 million, our teams delivered: ● 7% organic orders growth driven by demand in connectors distribution, aerospace and defense components and rail share gains ● Strong revenue in all segments as ITT surpassed $900 million for the first time ● 120 basis points adjusted operating margin expansion to 17% ● 21% adjusted EPS growth driven by higher sales volume, price and productivity Commenting on the quarter, ITT Inc. CEO and President Luca Savi said: “A continued focus on safety, quality, delivery and cost drove operating margin to more than 16%, with Motion Technologies reaching 18%. We kept on investing to expand pump capabilities in growth areas and to add capacity to support new Friction awards. With these organic investments, the acquisition of Svanehøj and our balance sheet capacity, we will strengthen ITT’s differentiation and expect to grow profitably. Thanks to our performance in Q1, including our orders momentum and our demand outlook, we are raising our organic revenue, operating margin and EPS guidance for 2024.” To access ITT’s Q1 2024 results, updated guidance and non-GAAP reconciliations, click here: https://lnkd.in/dHrDH8fT #Q1 #Earnings #ITTInc #Q1Results #InvestorRelations #IR

METRANS A.S., a valued ITT Industrial Process partner and ITT Goulds Pumps’ Turkey distributor, placed a visit to our facility in Obernkirchen just last week to learn more about our innovation and large breadth of production capabilities. Thank you to the team for joining us on a factory tour and at the assembly of Centrifugal Pumps! 

On Tuesday, ITT Inc. presented at the Bank of America Global Industrials Conference 2024 in London, where Chief Executive Officer and President Luca Savi gave public remarks during a fireside chat. The conversation covered ITT’s 2023 performance, capital deployment priorities (including details on the ~$2.5B deployed since 2019) and continued momentum into 2024, including strong orders and revenue growth to start Q1. Luca’s conversation with Andrew Obin also covered the key platforms driving outgrowth in the mid-term, electrified vehicle platform revenue projections and the company’s investment in expanded pump testing capabilities, which it announced today. To read more about ITT’s ~$11M investment for expanded pump testing capabilities at three of its Industrial Process sites, click here: https://lnkd.in/ehm2ihNF To review the full presentation shared at the conference and non-GAAP reconciliations, visit: https://investors.itt.com #ITTinc #BofA #IRConference #Q1

Our team has been busy at #IndiaEnergyWeek discussing our industry-leading #pumps and #monitoringsolutions with attendees, our customers, and our distributors. If you haven't already, today is your LAST CHANCE to visit us at Hall 3 Stand MIIP -EIL -21 and talk with our leaders from ITT Goulds Pumps, i-ALERT Monitoring Solution, RHEINHÜTTE Pumpen, ITT Bornemann, and PumpSmart!

This morning, ITT Inc. reported its financial results for the fourth quarter and full year 2023, along with our 2024 guidance. Watch the below video to hear Chief Financial Officer Emmanuel Caprais discuss the key highlights from ITT's full year 2023 performance. To access ITT’s Q4 and full year 2023 results, 2024 guidance and non-GAAP reconciliations, click here: https://lnkd.in/dB66kFDe #Q4 #ITT #Earnings #IR #InvestorRelations #CFO

We’re heading to #IndiaEnergyWeek2024 in Goa, India tomorrow to join a global marketplace of #technologies and services shaping the #energysystems of the future! Visit us at Hall 3 Stand MIIP -EIL -21 to talk to our leaders about all your burning questions for ITT Goulds Pumps, i-ALERT Monitoring Solution, RHEINHÜTTE Pumpen, ITT Bornemann, and PumpSmart!   We will get right to work on developing a solution for your needs that increases efficiency, boosts reliability, and transforms your maintenance program in your critical operations.

Today, ITT Inc. announced the completion of our acquisition of Svanehøj Danmark A/S Group A/S, a supplier of pumps and related aftermarket services with leading positions in cryogenic applications for the marine sector. Svanehøj’s product portfolio primarily consists of deepwell gas cargo pumps, fuel and energy pumps and tank control systems for low-emission and green fuels. Svanehøj Danmark A/S, based in Denmark, will be integrated into ITT’s Industrial Process segment, a global flow leader focused on highly engineered pumps, valves and aftermarket services.   To read more about the acquisition, which bolsters ITT’s flow portfolio, click here: https://bwnews.pr/425mAMk To read our press release from Nov. 1, 2023 announcing the acquisition, click here: https://bit.ly/3vOMKGV #ITTInc #GreenEnergy #EnergyTransition #LNG #LPG #Ammonia #MarineSector

Day 2 at BrauBeviale has been a success! Our team is excited to talk all things #SLH5G -Patented alignment concepts for clearances -Alignment of clearances via feeding elements -No gear oil release keeping it contamination-free Have a question? Ask our #pump experts, stop by our booth in Hall 6, Stand 6-159! #innovation #tradeshow #team #manufacturing #twinscrewpumps #hygienicdesign

Join our Bornemann team this week at BrauBeviale. Our team is geared up and ready to share our latest innovations on the market, the #SLH5G. Ask us how we optimize the pump design to provide more efficiency, flexibility and internal feeding solutions! Stop by Hall 6, Stand 6-159!

Only 1 week left on the countdown to the BrauBeviale '23 Expo ⏰! We can't wait to hit the show floor at the Exhibition Centre Nuremberg to catch up with fellow leaders in the #beverageindustry. Don't forget to stop by Hall 6, Stand 6-159 and view our our #SLH 5G #pump. Free entry codes can be received at exhibitions.bornemann@itt.com.