Latest news with #LucaSavi
Yahoo
20-05-2025
- Business
- Yahoo
Gabelli Funds Names Robert Lyons, Luca Savi, Ian Walsh, and Ken Yoshida to Management Hall of Fame
GREENWICH, Con., May 20, 2025 (GLOBE NEWSWIRE) -- Gabelli Funds introduced the 2025 inductees to the GAMCO Management Hall of Fame at its fortieth annual client conference which was held on Friday, May 16 at the Pierre Hotel in New York. The inductees to the Hall of Fame are Robert C. Lyons of GATX Corporation, Luca Savi of ITT Inc., Ian K. Walsh of Kaman Corporation, and Kenichiro Yoshida of Sony Group Corporation. In 1990, Gabelli Funds established the GAMCO Management Hall of Fame to honor corporate executives for their outstanding contributions in enhancing shareholder value. With this year's inductees, there are 130 inductees in our management hall of fame. The selection process starts with the firm's research on the company. Each inductee has passed rigorous criteria, including: • creating shareholder wealth • earning a superior rate of return over the long term • practicing the virtues of capital accumulation • enhancing our clients' investment success This Hall of Fame follows the philosophical underpinnings of Gabelli Funds' fundamental research, as presented in Security Analysis (1934) by Benjamin Graham and David Dodd. It is the investment bible, the key to unlocking values in the stock market. In Security Analysis, Graham and Dodd presented principles and techniques to measure asset value and cash flows in a methodology to evaluate individual companies. They created the profession of security analysis using an investment process that is known today as value investing. GAMCO Investors, Inc. (OTCQX: GAMI), through its subsidiaries, manages assets of private advisory accounts (GAMCO), mutual funds and closed-end funds (Gabelli Funds, LLC) and is known for its Private Market Value with a Catalyst™ style of investment. Contact:Douglas R. JamiesonPresident & Chief Operating Officer(914) 921-5020 For further information please visit
CNBC
20-05-2025
- Business
- CNBC
ITT Inc CEO Luca Savi goes one-on-one with Jim Cramer
ITT Inc CEO Luca Savi goes one-on-one with Jim Cramer ITT Inc CEO Luca Savi joins 'Mad Money' host Jim Cramer to discuss the company's workforce, global operations, reducing energy consumption and more.
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
Yahoo
15-05-2025
- Business
- Yahoo
ITT Hosts 2025 Capital Markets Day; Announces New Long-Term Targets, Driving to Over $12 of EPS by 2030
STAMFORD, Conn., May 15, 2025--(BUSINESS WIRE)--May 15, 2025-- ITT Inc. (NYSE: ITT) will host its 2025 Capital Markets Day today beginning at 1 p.m. ET in New York. Chief Executive Officer and President Luca Savi, Chief Financial Officer Emmanuel Caprais and members of ITT's extended leadership team will deliver a series of presentations covering the company's differentiation through execution, innovation and M&A. In connection with its Capital Markets Day, the company also announced new 2030 long-term financial targets. ITT expects to deliver the following financial results, all compared to actual results for the year ended Dec. 31, 2024: More than 5% average annual organic revenue growth and approximately 10% total including expected contributions from acquisitions ~23% adjusted operating margin on a consolidated basis, an expansion of more than 500 basis points versus 2024 More than $11 of adjusted earnings per share (EPS) from existing businesses Additionally, ITT expects to deploy between $500-700 million per year to accretive acquisitions which the company estimates would contribute an additional $0.75 to $1.00 of EPS toward more than $12 in total by 2030 14% to 15% free cash flow margin "Since our last capital markets day in 2022, ITT has created significant value for our shareholders through organic growth and margin expansion. This organic value creation is a strength of our ITTers around the world. It is in our DNA and this will continue as there is still much room for further growth and margin expansion. After surpassing our targets announced in 2022 two years early, today we introduce our new 2030 long-term targets, demonstrating incremental value we expect to generate both from existing businesses and M&A. We are already realizing benefits from the Svanehøj and kSARIA acquisitions whilst we continue to shift our portfolio to high growth and high margin businesses. All our people and the leaders you will hear from today are delivering these results consistently and differentiating ITT in the market, day in and day out through execution, innovation and M&A. We believe this will take ITT to a new level of growth, profitability and cash performance," said ITT's Chief Executive Officer and President Luca Savi. As part of the in-person event, the company is hosting interactive technology demonstrations led by its business leaders. The demonstrations include Svanehøj cryogenic fuel pumps, kSARIA interconnect solutions for leading defense applications and VIDAR, among others. VIDAR is a recently launched revolutionary industrial motor that improves efficiency and reduces operating costs and emissions from rotating equipment in harsh environments due to its embedded variable frequency drive. Presentation materials, which may include material information that has not been previously disclosed, and registration information for the live webcast, along with webcast replay information after the event, can be found at 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 Sign in to access your portfolio
Business Wire
15-05-2025
- Business
- Business Wire
ITT Hosts 2025 Capital Markets Day; Announces New Long-Term Targets, Driving to Over $12 of EPS by 2030
STAMFORD, Conn.--(BUSINESS WIRE)-- ITT) will host its 2025 Capital Markets Day today beginning at 1 p.m. ET in New York. Chief Executive Officer and President Luca Savi, Chief Financial Officer Emmanuel Caprais and members of ITT's extended leadership team will deliver a series of presentations covering the company's differentiation through execution, innovation and M&A. In connection with its Capital Markets Day, the company also announced new 2030 long-term financial targets. ITT expects to deliver the following financial results, all compared to actual results for the year ended Dec. 31, 2024: More than 5% average annual organic revenue growth and approximately 10% total including expected contributions from acquisitions ~23% adjusted operating margin on a consolidated basis, an expansion of more than 500 basis points versus 2024 More than $11 of adjusted earnings per share (EPS) from existing businesses Additionally, ITT expects to deploy between $500-700 million per year to accretive acquisitions which the company estimates would contribute an additional $0.75 to $1.00 of EPS toward more than $12 in total by 2030 14% to 15% free cash flow margin 'Since our last capital markets day in 2022, ITT has created significant value for our shareholders through organic growth and margin expansion. This organic value creation is a strength of our ITTers around the world. It is in our DNA and this will continue as there is still much room for further growth and margin expansion. After surpassing our targets announced in 2022 two years early, today we introduce our new 2030 long-term targets, demonstrating incremental value we expect to generate both from existing businesses and M&A. We are already realizing benefits from the Svanehøj and kSARIA acquisitions whilst we continue to shift our portfolio to high growth and high margin businesses. All our people and the leaders you will hear from today are delivering these results consistently and differentiating ITT in the market, day in and day out through execution, innovation and M&A. We believe this will take ITT to a new level of growth, profitability and cash performance,' said ITT's Chief Executive Officer and President Luca Savi. As part of the in-person event, the company is hosting interactive technology demonstrations led by its business leaders. The demonstrations include Svanehøj cryogenic fuel pumps, kSARIA interconnect solutions for leading defense applications and VIDAR, among others. VIDAR is a recently launched revolutionary industrial motor that improves efficiency and reduces operating costs and emissions from rotating equipment in harsh environments due to its embedded variable frequency drive. Presentation materials, which may include material information that has not been previously disclosed, and registration information for the live webcast, along with webcast replay information after the event, can be found at 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
