ITT Ink 10-Year Strategic Agreement With Continental To Supply Aftermarket Brake Pads

Continental Stock Up On Strong Q3 Profit; Cuts FY24 Sales View

Shares of Continental AG were gaining around 7 percent on the German trading after the automotive parts maker reported significantly higher profit in its third quarter, mainly as Automotive sector was benefited by the measures taken to improve earnings. Further, the company maintained fiscal 2024 adjusted margin outlook, but trimmed its sales forecast, after adjusting its outlook for ContiTech.

RTTNews | 290 дней спустя

Continental To Cut Thousands Of Jobs; Sees EUR 400 Mln Cost Savings

German autoparts maker Continental AG Monday announced its plans to cut thousands of jobs in its automotive unit as part of its efforts to strengthen the sector's competitiveness. Continental said its Automotive sector is simplifying and streamlining business and administrative structures.

RTTNews | 653 дней спустя

ITT Guides FY23 Adj. EPS Just Below Estimates; Hikes Dividend 10% - Update

While reporting financial results for the fourth quarter on Thursday, ITT Inc. (ITT) initiated its adjusted earnings and revenue growth guidance for the full-year 2023. It also increased quarterly dividend by 10 percent.

RTTNews | 931 дней спустя

ITT Provides Long-term Financial Targets

Ahead of its investor conference later on Thursday, ITT Inc. (ITT) announced long-term financial targets, which comprise 5 to 7 percent revenue growth, 20 percent adjusted segment operating margin, over 10 percent adjusted earnings per share growth, and a free cash flow margin range of 11 percent to 13 percent, all based on actual results for the year-ending December 31, 2021.

RTTNews | 1169 дней спустя

Europe Car Sales Rebound In July

Europe's new car sales rebounded in July on strong demand for battery electric and plug-in hybrid cars, the European Automobile Manufacturers' Association reported Thursday. Car registrations in the European Union advanced 7.4 percent year-on-year in July, offsetting June's 7.3 percent decrease. Data showed an annual rise of 39.1 percent for battery-electric and 14.3 percent for hybrid-electric

RTTNews | 22 минут назад