ITT Inc. (ITT) Q1 2020 Earnings Call Transcript

ITT Inc. (ITT) Q1 2020 Earnings Call Transcript

And on the line this morning are Luca Savi, Chief Executive Officer and President; and Tom Scalera, Chief Financial Officer.. Before we begin, I'd like to provide a brief overview on our Q1 GAAP results compared to prior year.. Today's call will contain forward-looking statements that are subject to risks and uncertainties, including impacts from the COVID-19 pandemic.. From a customer centricity standpoint, we can see that our strong share gain momentum continued at MT Friction as we outperformed global OEM production by more than 2,000 basis points.. And on the strength of our Mexico operations, we posted almost 1% growth in North America as we ran production of our recent share gains with GM.. But by the end of the year, we do expect to post a 700 to 1,000 basis point outperformance versus global auto production.. Our persistence to build intimacy with this customer, coupled with our technological and quality leadership, paid off, and these wins add nicely to our already strong win rate on new global EV platforms.. While we face challenges on the aerospace front, our rail and IP businesses delivered solid top line improvement from both a revenue and order standpoint.. We continue to focus