ITT leads Q1 revenue growth among gas and liquid handling stocks

Earnings

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Summary · why it matters

ITT reported first-quarter revenues of $1.21 billion, up 32.7% year on year and exceeding analyst estimates by 9.8%, making it the fastest-growing and biggest beat among the 12 gas and liquid handling stocks tracked. The group overall posted a satisfactory quarter, with revenues beating consensus by 1.3% and next-quarter guidance coming in 4.8% above expectations. Gorman-Rupp delivered the best performance with a 31% stock gain after reporting revenues of $176.6 million, while Graco was the weakest, missing estimates and seeing its shares fall 11.2%. Flowserve lagged with a 6.7% revenue decline, and Helios topped expectations with 16.8% growth and raised guidance.

Gorman-Rupp Company ▲

Flowserve Corporation ▼

Helios Technologies Inc ▲

Impact on stocks 5

Industrials± Mixed · 3 stocks

▼ NegativeDemandrelevance

Graco missed estimates and shares fell 11.2%, reflecting weaker-than-expected demand.

Flowserve Corporation

▼ NegativeDemandrelevance

Flowserve reported a 6.7% revenue decline, indicating weak demand.

Helios Technologies Inc

▲ PositiveDemandrelevance

Helios topped expectations with 16.8% growth and raised guidance.

Climate Adaptation & Water▲ · 1 stocks

Gorman-Rupp Company

▲ PositiveDemandrelevance

Gorman-Rupp delivered the best performance with a 31% stock gain after reporting revenues of $176.6 million.

Defense & Geopolitical Fragmentation▲ · 1 stocks

▲ PositiveDemandrelevance

ITT reported Q1 revenues up 32.7% year on year, exceeding estimates by 9.8%, the fastest growth among peers.