Latest news with #IndustrialProcess
Business Wire
a day 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 However, approximately 85% of industrial pumps and fans rely on outdated fixed speed motors and mechanical controls, resulting in excess energy usage.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
15-05-2025
- Automotive
- Yahoo
ITT Q1 Earnings Call: Orders, Backlog, and New Product Launches Highlight Flat Sales
Engineered components manufacturer for critical industries ITT Inc. (NYSE: ITT) beat Wall Street's revenue expectations in Q1 CY2025, but sales were flat year on year at $913 million. Its non-GAAP profit of $1.45 per share was 1% above analysts' consensus estimates. Is now the time to buy ITT? Find out in our full research report (it's free). Revenue: $913 million vs analyst estimates of $907.8 million (flat year on year, 0.6% beat) Adjusted EPS: $1.45 vs analyst estimates of $1.44 (1% beat) Adjusted EBITDA: $196.5 million vs analyst estimates of $193.4 million (21.5% margin, 1.6% beat) Management reiterated its full-year Adjusted EPS guidance of $6.30 at the midpoint Operating Margin: 16.5%, in line with the same quarter last year Free Cash Flow Margin: 8.4%, up from 3.3% in the same quarter last year Organic Revenue was flat year on year (9.5% in the same quarter last year) Market Capitalization: $11.84 billion ITT's first quarter results were shaped by a sharp rise in orders and backlog, balancing a flat year-over-year sales performance. Management highlighted continued momentum from recent acquisitions, particularly kSARIA and Svanehøj, which drove strong new project awards and contributed to a record order book. CEO Luca Savi emphasized operational execution and ongoing productivity initiatives, noting that pricing actions and cost control offset volume declines in auto and aerospace segments. Additionally, ITT generated record free cash flow as working capital improved. Looking ahead, management reiterated its adjusted EPS guidance for the year, citing confidence in margin expansion driven by price realization, productivity gains, and contributions from new products such as the VIDAR industrial motor. CFO Emmanuel Caprais acknowledged persistent macroeconomic uncertainty in the second half but stated that further actions—such as cost reductions and pricing adjustments—were already planned to address tariff-related headwinds. Savi maintained, 'We continue to expand our margin with more opportunities still to capture,' signaling a disciplined approach to execution despite a fluid environment. ITT's leadership attributed the flat sales in Q1 to market softness in auto and aerospace but pointed to strong order activity and successful integration of acquisitions as critical positives. Management focused on operational performance, margin expansion, and new product innovation as key themes impacting the quarter. Record Orders and Backlog: Orders exceeded $1 billion, supported by kSARIA and Svanehøj acquisitions, resulting in a 21% year-over-year backlog increase. Management cited large project wins, particularly in Industrial Process (IP), as evidence of market share gains and robust demand across energy and marine markets. Acquisition Performance: The kSARIA acquisition drove nearly 40% order growth in Connect & Control Technologies (CCT), while Svanehøj's marine pump orders grew 70%. These deals were highlighted as enhancing ITT's presence in defense, marine, and industrial sectors. Margin Expansion Despite Headwinds: Margins improved across all major segments, with operational productivity and price actions more than offsetting cost inflation, M&A-related dilution, and unfavorable foreign currency effects. Management emphasized that price realization, particularly in CCT, was a significant contributor. VIDAR Product Launch: The introduction of the VIDAR industrial motor—a drop-in replacement designed to improve pumping efficiency—was cited as a strategic move to enter a $6 billion addressable market, with initial customer pilots demonstrating substantial energy and cost savings. Capital Deployment and Share Buybacks: ITT repurchased $100 million in shares during Q1 and an additional $300 million after quarter-end, reducing share count by 4%. Management stated that these actions were not a function of reduced M&A opportunities but reflected confidence in future outlook and ongoing capital allocation discipline. Management's outlook for the remainder of the year centers on the execution of its order backlog, continued integration of recent acquisitions, and successful mitigation of tariff-related costs. The company's guidance assumes steady project conversion and ongoing margin expansion, with attention to external risks. Order Backlog Conversion: The large backlog in Industrial Process and CCT is expected to support revenue growth through project execution, especially in energy and marine applications, even if short-cycle order activity moderates. Tariff Mitigation and Pricing Actions: Management plans to offset $50–$60 million in anticipated tariff costs through a mix of price increases, cost controls, and sourcing flexibility. The company expects these actions to prevent a net impact on earnings, though there may be some margin timing effects. New Product and Market Expansion: The ramp-up of new products like VIDAR and further investments in regions such as Saudi Arabia and India are expected to contribute incremental growth, with management citing ongoing pilots and market share gains as supporting factors. Scott Davis (Melius Research): Asked if the surge in orders was due to customers accelerating purchases ahead of price increases; management clarified that most project orders were long in development, with no evidence of pre-buying. Mike Halloran (Baird): Sought details on the resilience of the business model and guidance bridge; management highlighted backlog strength and confidence in project execution, while acknowledging a cautious outlook for the second half. Vlad Bystricky (Citigroup): Inquired about exposure to oil price volatility in Saudi projects; management reported continued order growth and no change in customer tone, attributing success to high on-time delivery and execution. Jeff Hammond (KeyBanc): Pressed for specifics on tariff mitigation and price increases; management explained that most cost increases would be offset by commercial actions and sourcing adjustments, particularly in CCT and IP segments. Joe Ritchie (Goldman Sachs): Asked about the VIDAR launch and its integration with existing sales channels; management described VIDAR as a separate business unit with some cross-selling incentives but distinct from core pump operations. In the coming quarters, the StockStory team will focus on (1) the pace and margin quality of backlog conversion, especially in Industrial Process and CCT; (2) the effectiveness of tariff mitigation strategies and their actual versus expected impact on profitability; and (3) early customer adoption and revenue contribution from the VIDAR motor launch. Additional scrutiny will be given to the ongoing integration of recent acquisitions, as well as any signs of changing demand in end-markets such as automotive, aerospace, and energy. ITT currently trades at a forward P/E ratio of 22.9×. Should you load up, cash out, or stay put? See for yourself in our free research report. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. 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
