Latest news with #ITT
Yahoo
12 hours ago
- Business
- Yahoo
ITT to Showcase Revolutionary Industrial Motor at VIDAR Unveiled Launch Event and Deliver Keynote Presentation at Downstream USA 2025
STAMFORD, Conn., June 20, 2025--(BUSINESS WIRE)--June 20, 2025-- ITT Inc. (NYSE: ITT) today announced that business leaders from the company will present VIDAR, a revolutionary compact motor that combines embedded variable speed intelligence with advanced energy efficiency and reliability for industrial pumps and fans, at two landmark events next week. On June 24, ITT will host the VIDAR Unveiled event in Houston to formally launch VIDAR to customers and partners. The event will be highlighted by presentations from Senior Vice President, Chief Strategy Officer and President, Industrial Process Bartek Makowiecki and Vice President and VIDAR General Manager Dan Kernan. The event will also include interactive experience stations demonstrating VIDAR's game-changing capabilities. On June 25 at 9:40 a.m. CT, Kernan will deliver a keynote presentation at Downstream USA 2025 on the topic of "Unlocking Hidden Energy, Reliability and ROI in Every Pump and Fan." Downstream USA, organized by Reuters Events and held at the George R. Brown Convention Center in Houston, is North America's leading downstream conference with more than 3,000 petrochemical, chemical and EPC attendees. VIDAR solves a problem endemic to the global flow industry: wasted energy. Each year, roughly $300 billion is spent globally to move fluids for critical applications. However, approximately 85% of industrial pumps and fans rely on outdated fixed speed motors and mechanical controls, resulting in excess energy usage. VIDAR, an industrial motor with advanced variable frequency technology in a package 60% smaller than current market solutions, ensures that rotating equipment runs at desired flow rates while reducing energy and maintenance costs for operators. "VIDAR is more than just a motor; it's a compact powerhouse that replaces traditional motors and variable frequency drives and fits seamlessly into existing footprints. In one field trial, deploying VIDAR on a single pump reduced energy usage by over 50% and saved the customer roughly $20,000. VIDAR is another example of ITT's differentiation through innovation, with a game changing technology. Both VIDAR Unveiled and Downstream USA 2025 are the next opportunities for customers and partners to experience firsthand how VIDAR reduces energy waste and lowers costs in critical downstream and chemical applications," said Kernan. About VIDAR VIDAR is an innovative leader in the design and manufacturing of advanced energy-efficient motors for industrial fluid delivery systems. Specializing in the integration of variable-speed intelligence directly into motor technology, VIDAR provides sustainable solutions that significantly reduce energy consumption and operational costs. Committed to transforming industrial performance, VIDAR motors offer enhanced efficiency, reliability, and space-saving design. Headquartered in Syracuse, New York, VIDAR currently serves industries across North America and is actively expanding its platform to drive energy savings and advance environmental sustainability on a global scale. For more information about VIDAR, please visit About ITT ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and energy markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in Stamford, Connecticut, with employees in more than 35 countries and sales in approximately 125 countries. For more information, visit ITT-E View source version on Contacts Media: Phil Terrigno+1 Investors: Mark Macaluso+1
Business Wire
12 hours ago
- Automotive
- Business Wire
ITT to Showcase Revolutionary Industrial Motor at VIDAR Unveiled Launch Event and Deliver Keynote Presentation at Downstream USA 2025
STAMFORD, Conn.--(BUSINESS WIRE)-- ITT) today announced that business leaders from the company will present VIDAR, a revolutionary compact motor that combines embedded variable speed intelligence with advanced energy efficiency and reliability for industrial pumps and fans, at two landmark events next week. On June 24, ITT will host the VIDAR Unveiled event in Houston to formally launch VIDAR to customers and partners. The event will be highlighted by presentations from Senior Vice President, Chief Strategy Officer and President, Industrial Process Bartek Makowiecki and Vice President and VIDAR General Manager Dan Kernan. The event will also include interactive experience stations demonstrating VIDAR's game-changing capabilities. On June 25 at 9:40 a.m. CT, Kernan will deliver a keynote presentation at Downstream USA 2025 on the topic of 'Unlocking Hidden Energy, Reliability and ROI in Every Pump and Fan.' Downstream USA, organized by Reuters Events and held at the George R. Brown Convention Center in Houston, is North America's leading downstream conference with more than 3,000 petrochemical, chemical and EPC attendees. VIDAR solves a problem endemic to the global flow industry: wasted energy. Each year, roughly $300 billion is spent globally to move fluids for critical applications. However, approximately 85% of industrial pumps and fans rely on outdated fixed speed motors and mechanical controls, resulting in excess energy usage. VIDAR, an industrial motor with advanced variable frequency technology in a package 60% smaller than current market solutions, ensures that rotating equipment runs at desired flow rates while reducing energy and maintenance costs for operators. 'VIDAR is more than just a motor; it's a compact powerhouse that replaces traditional motors and variable frequency drives and fits seamlessly into existing footprints. In one field trial, deploying VIDAR on a single pump reduced energy usage by over 50% and saved the customer roughly $20,000. VIDAR is another example of ITT's differentiation through innovation, with a game changing technology. Both VIDAR Unveiled and Downstream USA 2025 are the next opportunities for customers and partners to experience firsthand how VIDAR reduces energy waste and lowers costs in critical downstream and chemical applications,' said Kernan. About VIDAR VIDAR is an innovative leader in the design and manufacturing of advanced energy-efficient motors for industrial fluid delivery systems. Specializing in the integration of variable-speed intelligence directly into motor technology, VIDAR provides sustainable solutions that significantly reduce energy consumption and operational costs. Committed to transforming industrial performance, VIDAR motors offer enhanced efficiency, reliability, and space-saving design. Headquartered in Syracuse, New York, VIDAR currently serves industries across North America and is actively expanding its platform to drive energy savings and advance environmental sustainability on a global scale. For more information about VIDAR, please visit About ITT ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and energy markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in Stamford, Connecticut, with employees in more than 35 countries and sales in approximately 125 countries. For more information, visit ITT-E
Yahoo
31-05-2025
- Business
- Yahoo
Why ITT Inc. (NYSE:ITT) Could Be Worth Watching
Today we're going to take a look at the well-established ITT Inc. (NYSE:ITT). The company's stock saw a significant share price rise of 34% in the past couple of months on the NYSE. The company is inching closer to its yearly highs following the recent share price climb. As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company's outlook is already priced into the stock. But what if there is still an opportunity to buy? Let's take a look at ITT's outlook and value based on the most recent financial data to see if the opportunity still exists. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. According to our valuation model, ITT seems to be fairly priced at around 13% below our intrinsic value, which means if you buy ITT today, you'd be paying a reasonable price for it. And if you believe the company's true value is $172.18, then there's not much of an upside to gain from mispricing. So, is there another chance to buy low in the future? Given that ITT's share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us an opportunity to buy later on. This is based on its high beta, which is a good indicator for share price volatility. View our latest analysis for ITT Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With profit expected to grow by a double-digit 18% over the next couple of years, the outlook is positive for ITT. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. Are you a shareholder? It seems like the market has already priced in ITT's positive outlook, with shares trading around its fair value. However, there are also other important factors which we haven't considered today, such as the track record of its management team. Have these factors changed since the last time you looked at the stock? Will you have enough conviction to buy should the price fluctuates below the true value? Are you a potential investor? If you've been keeping tabs on ITT, now may not be the most optimal time to buy, given it is trading around its fair value. However, the optimistic prospect is encouraging for the company, which means it's worth diving deeper into other factors such as the strength of its balance sheet, in order to take advantage of the next price drop. Since timing is quite important when it comes to individual stock picking, it's worth taking a look at what those latest analysts forecasts are. Luckily, you can check out what analysts are forecasting by clicking here. If you are no longer interested in ITT, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
28-05-2025
- Business
- Yahoo
Here's Why Investors Should Retain ITT Stock in Portfolio Now
ITT Inc. ITT has been benefiting from strength in the short-cycle business within the energy and industrial markets. Growth in demand for parts, services and valves is aiding the Industrial Process segment. Growth in component and connector sales within the defense and industrial markets is supporting the Connect and Control Technologies demand for the company's brake components and specialized sealing solutions, shock absorbers and damping technologies in the OEM and rail transportation markets is likely to drive the Motion Technologies segment's performance in the quarters ahead. For 2025, the company expects its organic sales to increase 3-5% from the year-ago company intends to strengthen and expand its businesses through acquisitions. In September 2024, ITT acquired kSARIA Parent, Inc. The acquisition will enhance its portfolio of connectivity solutions for the defense and aerospace end markets, technological capabilities and market reach, thereby driving growth and operational in January 2024, it acquired Svanehøj for approximately $395 million. The inclusion of Svanehøj's portfolio of highly engineered flow solutions expanded its customer offerings and boosted its position in the marine pumps industry. Acquisitions contributed 6.3% to the company's sales in first-quarter remains committed to increasing shareholders' value through dividend payments and share repurchases. For instance, during the first three months of 2025, the company paid out dividends of $28.7 million and repurchased shares worth $100 million. Also, in 2024, dividend payments totaled $104.7 million and share repurchases were $104.5 million. The quarterly dividend rate was hiked by 10% in February 2025. Image Source: Zacks Investment Research In the past year, this Zacks Rank #3 (Hold) company has gained 10.5% compared with the industry's 7.7% the company has been subject to high operating costs and expenses over time. For instance, in 2024, its cost of sales recorded a year-over-year increase of 9.6% due to rising raw material and labor costs. Also, the company's sales and marketing expenses rose 18.2% year over year in the same period due to increasing personnel and other sales-related costs. The trend continued in first-quarter 2025, with the sales and marketing expenses rising 6.2% and general and administrative expenses increasing 19.3% year over its substantial international operations, foreign-currency woes are also likely to hurt its top line in the quarters ahead. For instance, in the first quarter, foreign currency translation reduced revenues by $16 million. Some better-ranked stocks from the same space are presented Inc. ATR presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks delivered a trailing four-quarter average earnings surprise of 7.3%. In the past 60 days, the consensus estimate for AptarGroup's 2025 earnings has increased 5.4%.Federal Signal Corporation FSS currently carries a Zacks Rank #2 (Buy). FSS delivered a trailing four-quarter average earnings surprise of 6.4%. In the past 60 days, the Zacks Consensus Estimate for Federal Signal's 2025 earnings has increased 1.6%.Unifirst Corporation UNF currently carries a Zacks Rank of 2. UNF delivered a trailing four-quarter average earnings surprise of 12.3%. In the past 60 days, the consensus estimate for Unifirst's fiscal 2025 (ending August 2025) earnings has increased 4.1%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ITT Inc. (ITT) : Free Stock Analysis Report Unifirst Corporation (UNF) : Free Stock Analysis Report AptarGroup, Inc. (ATR) : Free Stock Analysis Report Federal Signal Corporation (FSS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
21-05-2025
- Business
- Business Wire
ITT Announces Appointment of Mary Laschinger to Board of Directors
STAMFORD, Conn.--(BUSINESS WIRE)-- ITT) today announced the election of Mary Laschinger to its Board of Directors, effective today. Ms. Laschinger served as Chief Executive Officer and Chair of the Board of Directors of Veritiv Corporation (NYSE: VRTV), a leading business-to-business distribution solutions company, from July 2014 until her retirement in September 2020. Prior to leading Veritiv, Ms. Laschinger held multiple senior management roles over more than 20 years at International Paper Company. 'We are honored that Mary has joined the ITT Board of Directors. She has significant global experience with industrial companies that operate in markets similar to ITT, as well as a track record of leading successful teams within these organizations. Notably, this includes the turnaround of several business units from underperformers to top-quartile success stories. Mary's appointment is another strong step in our ongoing board refreshment strategy. With her vast global experience as a public company CEO and director on two other public boards, she will be tremendously additive to ITT moving forward,' said ITT's Chairman of the Board Timothy H. Powers. 'Mary is truly a trailblazer. From her early career as a staff member on a warehouse operations team, to transportation and logistics roles, and all the way to becoming a Fortune 500 CEO. She has shown an incredible ability to drive sustainable results, leading organizations across the U.S., Europe and Asia. Mary's global experience in complex manufacturing operations, product management and M&A will be an asset to the ITT of today and the future. We are humbled to have Mary join the ITT board,' said ITT's Chief Executive Officer and President Luca Savi. About Mary Laschinger Prior to joining Veritiv, Ms. Laschinger served as Senior Vice President of International Paper Company, a global leader in sustainable packaging and pulp products, from 2007 to July 2014. She also served as President of International Paper's former distribution business and president of its Europe, Middle East, Africa and Russia businesses. Ms. Laschinger currently serves on the Board of Directors of Kellanova, previously Kellogg Company, a global leader in food manufacturing, and of Dollar Tree Inc., a multi-price point chain of discount variety stores. Additionally, Ms. Laschinger is a member of the Executive Advisory Council for Apollo Global Management. Ms. Laschinger holds a bachelor's degree in business from the University of Wisconsin and a Master of Business Administration degree from the University of Connecticut. She has also completed postgraduate studies in executive management at the Kellogg School of Management at Northwestern University. About ITT ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and energy markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in Stamford, Connecticut, with employees in more than 35 countries and sales in approximately 125 countries. For more information, visit ITT-O
