ITT Inc. (NYSE:ITT) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET
Company Participants
Mark Macaluso - Vice President, Investor Relations and Global Communications
Luca Savi - Chief Executive Officer and President
Emmanuel Caprais - Chief Financial Officer
Conference Call Participants
Damian Karas - UBS
Scott Davis - Melius Research
Joseph Giordano - TD Cowen
Michael Halloran - Baird
Nathan Jones - Stifel
Vlad Bystricky - Citigroup
Jeff Hammond - KeyBanc Capital Markets
Joseph Ritchie - Goldman Sachs
Sabrina Abrams - Bank of America
Operator
Welcome to ITT's 2024 Second Quarter Conference Call. Today is Thursday, August 1, 2024. Today's call is being recorded and will be available for replay beginning at 12:00 p.m. Eastern. At this time, all participants have been placed in a listen-only mode and the floor will be opened for your questions following the presentation. [Operator Instructions]
It is now my pleasure to turn the floor over to Mark Macaluso, Vice President, Investor Relations and Global Communications. You may begin.
Mark Macaluso
Thank you, Amy, and good morning. Joining me this morning -- joining me from Sanford are Luca Savi, Chief Executive Officer and President; and Emmanuel Caprais, Chief Financial Officer. Today's call will provide these financial results for the three-month period ending June 29, 2024, which we announced this morning.
Before we begin, please refer to Slide 2 of today's presentation where we note that today's comments include forward-looking statements that are based on our current expectations. Actual results may differ materially due to several risks and uncertainties, including those described in our 2023 annual report on Form 10-K and other recent SEC filings.
Except for otherwise noted, the second quarter results we presented this morning will be compared to the second quarter of 2023 and include certain non-GAAP financial measures. The reconciliation of such measures to most comparable GAAP figures are detailed in our press release and the attendance of our presentation, both of which are available on our website.
With that, it's now my pleasure to turn the call over to Luca, who will begin on Slide 3.
Luca Savi
Thank you, Mark, and good morning. I would like to begin by thanking all ITTers for an exceptional performance again in the second quarter and our stakeholders for their ongoing support of ITT.
The second quarter was a milestone for ITT, aligned with our strategic priorities of operational and financial performance and effective capital deployment. This quarter, we won significant commercial awards, continue to deliver margin expansion, utilize our strong balance sheet to return capital to shareholders and took steps to reshape the ITT portfolio towards higher growth and higher-margin businesses.