ITT Inc. (ITT) Q1 2019 Earnings Call Transcript
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ITT Inc. (NYSE: ITT)
Q1 2019 Earnings Call
May. 03, 2019, 9:00 a.m. ET

Contents:

  • Prepared Remarks

  • Questions and Answers

  • Call Participants

Prepared Remarks:

Operator

Good morning, and welcome to ITT's 2019 First Quarter Conference Call. Today is Friday May 3, 2019. Today's call is being recorded and will be available for replay, beginning at 12:00 p.m. Eastern Time. 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 Jessica Kourakos, ITT's Head of Investor Relations. You may begin.

Jessica Kourakos -- Head, Investor Relations

Thank you Christi, and good morning. Welcome to ITT's first quarter 2019 earnings call. I'm Jessica Kourakos, and with me today are Luca Savi, ITT's President and Chief Executive Officer; and Tom Scalera, ITT's Chief Financial Officer.

I'd like to highlight that this morning's presentation, press release and reconciliations of GAAP and non-GAAP financial measures can be found on our website at itt.com/ir.

Before we begin, please note that our discussion will exclusively focus on non-GAAP or adjusted measures, unless otherwise indicated.

During this call, we will make forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. No forward-looking statements can be guaranteed and actual results may differ materially from those projected. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements made on this call should be evaluated together with the risks and uncertainties that affect our business, particularly those disclosed in our SEC filings.

With that, let me turn the call over to Luca.

Luca Savi -- Chief Executive Officer and President

Thank you Jessica, and hello everyone. Thank you for joining us today to discuss ITT's strong start to 2019. In the first quarter, ITT'ers all around the world delivered strong revenue and operating income growth by intensely focusing on our customers and by generating productivity with even greater speed. As you see in the results today, we're gaining share in our target growth markets and we are continuing to drive the cost and efficiency actions to deliver on our increased EPS commitments, despite the more volatile market conditions we face.

Our Q1 results demonstrated the depth of our diversification and the magnitude of our self-help warchest. This quarter includes a number of record setting performances that we will highlight this morning. But I strongly believe two things about our records. One, they're simply milestone on our journey of betterment and two, they're made to be broken.