Shares of ITT Inc. (ITT) surged 5.07% during Thursday's intraday trading session following the company's strong second-quarter earnings report and raised full-year guidance. The industrial manufacturer demonstrated resilience and growth across its key business segments, surpassing analyst expectations.
ITT reported adjusted earnings per share of $1.64 for the second quarter, beating the analyst consensus estimate of $1.61. This represents a 10.07% increase from the $1.49 per share reported in the same period last year. Revenue for the quarter rose 7.3% to $972.4 million, also surpassing analysts' expectations of $949.24 million. The company's performance was driven by strong growth in pump project shipments, aerospace and industrial connectors, and gains in automotive and rail sectors.
In light of its robust year-to-date performance and a more stable demand outlook, ITT has raised its full-year 2025 guidance. The company now anticipates total revenue growth of 5% to 7%, up from its previous estimate of 2% to 4%. Additionally, ITT lifted its adjusted EPS forecast to a range of $6.35 to $6.55, reflecting a growth of 8% to 11% for the full year. This positive outlook, combined with the better-than-expected Q2 results, has fueled investor optimism and driven the stock's significant upward movement.
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