ITT (ITT) reported preliminary Q1 adjusted earnings Thursday of $1.43 to 1.45 per diluted share.

Analysts polled by FactSet expected $1.43.

Preliminary revenue for the quarter ended March 29 is expected to be more than $900 million, the company said.

Analysts surveyed by FactSet expect $901.4 million.

The industrial components maker also said it intends to repurchase up to $500 million of its shares, as part of a $1 billion 2023 authorization of which $875 million remains.

ITT shares were down around 1.5% in recent premarket activity.