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To own ITT, you need to believe in its ability to convert a large, project-heavy backlog into consistent earnings while managing cyclicality in energy and industrial markets. Keene’s appointment as future Board Chair is a governance update rather than a near term catalyst, and it does not materially alter the key risk around execution on complex projects and acquisitions that could affect revenue visibility and margin stability.
The most relevant recent announcement alongside this board change is ITT’s completion of the second phase of its US$25 million expansion of the Industrial Process facility in Dammam, Saudi Arabia, which doubles capacity. That expansion ties directly into the company’s backlog driven growth catalyst, but it also raises the stakes on managing project-based revenue concentration, execution risk, and integration discipline across newer, higher growth markets.
Yet behind ITT’s growing project footprint, investors should be aware of how much earnings now hinge on avoiding delays, cost overruns, or cancellations in...
Read the full narrative on ITT (it's free!)
ITT's narrative projects $4.4 billion revenue and $651.2 million earnings by 2028. This requires 6.3% yearly revenue growth and about a $134.7 million earnings increase from $516.5 million today.
Uncover how ITT's forecasts yield a $208.91 fair value, a 16% upside to its current price.
The Simply Wall St Community’s 3 fair value estimates for ITT range widely, from US$59.46 up to US$208.91, showing very different views on upside. You can set those against the company’s growing exposure to project based revenue and M&A integration risk, which could influence how reliably ITT converts its backlog and acquisitions into future earnings, and decide which scenarios you find most convincing.
Explore 3 other fair value estimates on ITT - why the stock might be worth less than half the current price!
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This 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.
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