Latest news with #ITT
Forbes
9 hours ago
- Business
- Forbes
The Eight Virtues Of Great Leaders
A torn piece of paper with the word "Leadership" printed on it leans against a compass which is out ... More of focus in the background. I write on leadership (and a few other topics) because I'm supposed to be an 'expert.' Well, let me set the record straight. That word – expert – makes me nervous. At best, I'm a know-it-all, and so you know the difference, an expert knows it all; a know-it-all thinks he's an expert. But I've learned along the way since my career began 57 years ago, and leadership is one area in which I can share some value, as I've filled numerous leadership positions and consulted to many others across 25 industries. 'Leadership cannot be taught. It can only be learned.' So declared Harold Geneen, CEO of ITT when it was the world's largest conglomerate. That aphorism of his is so solid, so unassailable, and so universal, that all leadership theory and practice springs forth from it. Or at least, it should. Furthermore, it should support the axiom that it is not skills alone that will determine leadership in the 21st century and beyond. It's the humanity of the leader that will do it every time. Case in point, two prominent American CEOs of the 1980s and 1990s: Jack Welch of GE and Dennis Kozlowski of Tyco. There's not enough room here for the story, but you should look it up. It's a good one. Although they were both hard-charging, blazingly smart, and brutally (uncomfortably) honest, Welch was virtuous and Kozlowski was a convicted criminal. Welch spent his retirement in glory; Kozlowski spent six years in jail. So, as I rest my case about leadership virtues being the differentiators, here's what I've learned along the way: The Eight Virtues of Great Leaders. Vision Great leaders know that the future did not just happen. It was created. They see it before the rest of us do, have unusual clarity in articulating it, and are unwaveringly committed to it. Forthrightness Great leaders are honest (to a fault), just, fair, unbiased, ethical, and moral. They say what they mean and mean what they say. They are consistent. Strong sense of self Great leaders are self-reliant, selfless, have a realistic view of the present and a comfortable relationship with it. They are strong but not at the expense of others. Just the opposite: in support of others. They are empathetic, and they use their strong self in service of, not in command of, others. Sphere of Awareness The world is growing every day and the provincial attitude that minding your own store is all you need to do – is failure waiting to happen. Great leaders are constantly enlarging their sphere of awareness – and yours along with it. Energy Great leaders exude strength and stamina. They have been generators with high output who now are ready to become fusion reactors that produce more energy than they consume. No, that's not impossible; it's been achieved in a laboratory setting in Livermore, California, and is the new model for energy. Great leaders don't suck up energy; they proliferate it. Creativity Creativity is the only sustainable asset that any person, organization, or nation will ever again have. Great leaders believe that you can steal their current assets but as long a they can continue to generate new ideas, they will win. They're right. Originality and adaptability are hallmarks here. Trust Thomas Edison was asked why he had 300 assistants, 'Because I can't do all this by myself,' said he. That, from the greatest idea creation genius in history. Aside from reading, the thing that has moved humanity forward more than anything else is humor. It is uniquely human, and as long as it is nonhostile, it is a key leadership virtue. My Observation From the first leader I ever coached to the last, not to mention my own leadership development, leadership virtues outplayed leadership skills every single time.
Yahoo
2 days ago
- Business
- Yahoo
5 Revealing Analyst Questions From ITT's Q1 Earnings Call
ITT's first quarter saw a positive market response, as the company delivered flat sales of $913 million—exceeding Wall Street revenue expectations by a small margin. Management attributed stable performance to strong order momentum, especially in the Industrial Process segment and recent acquisitions. CEO Luca Savi highlighted that orders grew 7% overall, with notable contributions from the kSARIA and Svanehøj acquisitions, driving a record backlog. Despite headwinds from lower volumes in auto and aerospace and currency effects, Savi credited 'shop floor productivity and price' for supporting margins and noted record free cash flow in the quarter. 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 (0.8% 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 Organic Revenue was flat year on year (9.5% in the same quarter last year) Market Capitalization: $12.18 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Scott Davis (Melius Research) asked if the surge in orders reflected pre-buying ahead of price increases. CEO Luca Savi replied that order growth was driven by long-term project wins and market share gains, not purchasing acceleration. Mike Halloran (Baird) questioned how much pricing and FX contributed to updated guidance. CFO Emmanuel Caprais detailed that minor positive impacts from FX and share count were offset by higher tax rates and inflation, with acquisitions performing better than initially expected. Vlad Bystricky (Citigroup) inquired about risk to Saudi project spending amid oil price declines. Savi said customer tone remains positive, with orders in oil and gas continuing to grow and market share gains offsetting external risks. Jeff Hammond (KeyBanc Capital Markets) pressed on the company's ability to pass through tariff costs and the sourcing strategy. Savi explained that dual sourcing and price increases, especially on non-USMCA products, would mitigate tariff impacts without affecting EPS guidance. Joe Ritchie (Goldman Sachs) asked about VIDAR's sales strategy and cross-selling potential. Savi clarified VIDAR operates as a separate business with its own sales force, though some sales incentives could leverage existing pump business relationships. Looking ahead, the StockStory team will be monitoring (1) the pace at which VIDAR gains commercial traction and contributes to revenue, (2) the successful conversion of record project backlog into realized sales, and (3) the effectiveness of pricing and sourcing actions in offsetting tariff pressures. Progress on M&A execution and further innovation announcements will also be important milestones. ITT currently trades at $154.78, up from $137.09 just before the earnings. At this price, is it a buy or sell? See for yourself in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). 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-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today.
Yahoo
3 days ago
- Automotive
- Yahoo
ITT Stock Exhibits Strong Prospects Despite Persisting Headwinds
ITT Corporation ITT is poised to gain from strength across its segments. The Industrial Process (IP) segment is benefiting from solid momentum in the short-cycle business within the energy and industrial markets. Growth in demand for parts, services and valves is aiding the segment. The acquisition of Svanehøj also bodes well for the IP segment. An increase in component and connector sales within the defense and industrial markets is supporting the Connect and Control Technologies (CCT) segment. Also, the acquisition of kSARIA augurs well for the segment. Strong demand for the company's brake components and specialized sealing solutions, shock absorbers and damping technologies in OEM and rail transportation markets is likely to drive the Motion Technologies (MT) segment's performance in the quarters solidified its product portfolio and leveraged business opportunities through asset additions. Acquisitions contributed 6.3% to the company's sales in first-quarter 2025. In September 2024, ITT acquired kSARIA Parent, Inc. The acquisition enhanced its portfolio of connectivity solutions for the defense and aerospace end markets, technological capabilities and market reach, driving growth and operational efficiency. The January 2024 acquisition of privately held Svanehøj Group A/S (Svanehøj) expanded ITT's offerings, particularly in the marine pumps market. The acquisition of Micro-Mode Products, Inc. in May 2023 boosted the company's product portfolio and customer base, specifically for long-term defense programs. It also grew its North America connectors platform, enhancing the CCT is committed to rewarding its shareholders through dividends and share repurchases. During the first quarter of 2025, the company paid out dividends of $28.7 million and repurchased shares worth $100 million. The quarterly dividend rate was hiked by 10% in February 2025. In the past year, this Zacks Rank #3 (Hold) company has gained 21.6% compared with the industry's 6% growth. Image Source: Zacks Investment Research However, the company has been dealing with the negative impact of high operating costs and expenses over time. 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 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 companies are discussed below:Life360, Inc. LIF currently 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 425%. In the past 60 days, the Zacks Consensus Estimate for Life360's 2025 earnings has increased 20%.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%.Broadwind, Inc. BWEN presently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 61.1%.In the past 60 days, the consensus estimate for BWEN's 2025 earnings has increased 14.3%. 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 Federal Signal Corporation (FSS) : Free Stock Analysis Report Broadwind Energy, Inc. (BWEN) : Free Stock Analysis Report Life360, Inc. (LIF) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
20-06-2025
- 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
20-06-2025
- 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
