ITT Inc. (ITT) Income Statement Analysis

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Complete financial analysis of ITT Inc. (ITT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of ITT Inc., a leading company in the Industrial – Machinery industry within the Industrials sector.

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ITT Inc. (ITT)

Industry: Industrial - Machinery

Sector: Industrials

Website: https://www.itt.com

About ITT Inc.

ITT Inc. manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets worldwide. The company operates through three segments: Motion Technologies, Industrial Process, and Connect & Control Technologies. The Motion Technologies segment manufactures brake pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, trucks, light- and heavy-duty commercial and military vehicles, buses, and trains. The Industrial Process segment designs and manufactures industrial pumps, valves, and plant optimization and remote monitoring systems and services; and centrifugal and twin screw positive displacement pumps, as well as aftermarket solutions, such as replacement parts and services. It serves various customers in industries, such as chemical, energy, mining, and other industrial process markets. The Connect & Control Technologies segment designs and manufactures a range of engineered connectors and specialized control components for critical applications supporting various markets, including aerospace and defense, industrial, transportation, medical, and energy. This segment's connector product portfolio includes electrical connectors, such as circular, rectangular, radio frequency, fiber optic, D-sub miniature, micro-miniature, and cable assemblies, as well as control products consist of actuators, valves, and pumps and switches for flow control applications; rate controls, seat recline locks, and elastomer isolators for aircraft interiors; elastomeric bearings for rotorcraft vibration isolation; heaters, hoses, and composite ducting for environmental control systems; and advanced composites for engine applications. ITT Inc. was incorporated in 1920 and is headquartered in White Plains, New York.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994
Revenue	3.28B	2.99B	2.77B	2.48B	2.85B	2.75B	2.59B	2.41B	2.49B	2.65B	2.50B	2.23B	2.12B	11.00B	10.90B	11.69B	9.00B	7.81B	7.43B	6.76B	5.63B	4.99B	4.68B	4.83B	4.63B	4.49B	8.78B	8.72B	8.88B	23.62B
Cost of Revenue	2.18B	2.07B	1.87B	1.70B	1.94B	1.86B	1.77B	1.65B	1.68B	1.79B	1.70B	1.55B	1.46B	7.82B	8.07B	8.44B	6.44B	5.62B	5.39B	4.47B	3.68B	3.21B	3.04B	2.99B	3.08B	2.97B	6.51B	7.05B	7.25B	22.12B
Gross Profit	1.11B	922.30M	899.50M	782.20M	910.10M	887.20M	817.20M	758.20M	809.10M	866.40M	799.80M	680.20M	655.00M	3.18B	2.83B	3.26B	2.57B	2.19B	2.04B	2.30B	1.94B	1.77B	1.63B	1.84B	1.55B	1.52B	2.26B	1.67B	1.64B	1.51B
Gross Profit Ratio	33.73%	30.87%	32.53%	31.57%	31.97%	32.32%	31.61%	31.52%	32.55%	32.64%	32.03%	30.53%	30.91%	28.88%	25.98%	27.84%	28.53%	28.04%	27.43%	33.97%	34.53%	35.57%	34.89%	38.02%	33.41%	33.89%	25.80%	19.13%	18.44%	6.37%
Research & Development	102.60M	96.50M	94.90M	84.90M	97.90M	98.40M	93.70M	80.80M	78.90M	76.60M	67.30M	62.70M	66.00M	253.00M	268.30M	244.30M	182.30M	160.90M	177.60M	634.00M	559.40M	519.10M	424.70M	391.20M	264.40M	267.60M	496.90M	0.00	0.00	0.00
General & Administrative	302.60M	211.60M	214.30M	200.70M	254.10M	259.10M	264.00M	274.10M	258.30M	300.10M	297.70M	221.70M	664.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	174.00M	156.90M	150.80M	146.50M	165.90M	168.20M	169.70M	170.00M	183.20M	519.50M	516.10M	180.40M	167.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	476.60M	368.50M	365.10M	347.20M	420.00M	427.30M	433.70M	444.10M	441.50M	519.50M	516.10M	402.10M	831.00M	1.97B	1.58B	1.72B	1.34B	1.18B	1.07B	991.10M	824.70M	720.20M	671.30M	749.80M	691.40M	730.00M	805.30M	739.40M	689.00M	0.00
Other Expenses	-100.00K	200.00K	-74.40M	210.50M	-20.20M	-5.90M	-19.90M	-1.30M	-82.50M	-2.90M	-1.80M	-5.10M	0.00	0.00	0.00	0.00	66.10M	51.70M	214.40M	0.00	0.00	0.00	40.70M	201.80M	181.10M	195.60M	436.40M	433.00M	423.00M	0.00
Operating Expenses	579.20M	465.00M	385.60M	642.60M	497.70M	530.60M	507.50M	499.30M	429.00M	600.00M	616.20M	515.70M	897.00M	2.22B	1.84B	1.97B	1.53B	1.34B	1.46B	1.63B	1.38B	1.24B	1.14B	1.34B	1.14B	1.19B	1.74B	1.17B	1.11B	0.00
Cost & Expenses	2.75B	2.53B	2.25B	2.34B	2.43B	2.39B	2.28B	2.15B	2.11B	2.39B	2.31B	2.06B	2.36B	10.04B	9.92B	10.41B	7.96B	6.96B	6.85B	6.09B	5.07B	4.45B	4.18B	4.34B	4.22B	4.16B	8.25B	8.22B	8.36B	22.12B
Interest Income	0.00	6.40M	1.10M	700.00K	4.10M	0.00	0.00	0.00	2.20M	2.50M	5.00M	2.80M	4.00M	16.00M	24.30M	31.30M	49.60M	25.40M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	10.40M	6.40M	0.00	0.00	3.00M	6.30M	300.00K	500.00K	2.20M	4.40M	3.10M	100.00K	71.00M	100.00M	99.50M	140.80M	114.90M	86.20M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	109.20M	107.40M	113.10M	112.20M	113.40M	109.40M	105.30M	102.00M	90.00M	88.30M	86.90M	71.10M	74.00M	297.00M	292.60M	278.30M	185.40M	194.50M	196.60M	198.60M	188.00M	171.40M	212.90M	201.80M	181.10M	195.60M	436.40M	433.00M	423.00M	597.00M
EBITDA	639.10M	554.50M	545.60M	455.00M	513.90M	469.00M	415.00M	378.00M	402.70M	386.70M	270.50M	220.30M	-168.20M	-113.00M	1.22B	1.51B	1.20B	1.05B	955.30M	771.80M	688.90M	705.50M	707.40M	694.90M	591.70M	524.80M	476.00M	411.00M	869.40M	2.10B
EBITDA Ratio	19.47%	18.91%	22.81%	12.47%	18.51%	15.49%	16.05%	15.00%	18.91%	13.36%	10.83%	10.47%	-7.93%	11.51%	11.81%	13.55%	14.53%	14.24%	14.53%	13.39%	13.96%	14.01%	17.25%	14.35%	12.65%	19.77%	13.31%	10.13%	13.83%	9.06%
Operating Income	528.20M	468.00M	504.30M	226.50M	411.40M	397.30M	309.70M	258.90M	380.10M	266.40M	183.60M	151.50M	-247.00M	900.00M	909.40M	1.21B	977.20M	801.00M	500.10M	634.90M	528.50M	537.60M	396.80M	493.10M	410.60M	329.20M	525.60M	495.10M	526.00M	1.51B
Operating Income Ratio	16.09%	15.66%	18.24%	9.14%	14.45%	14.47%	11.98%	10.76%	15.29%	10.04%	7.35%	6.80%	-11.66%	8.19%	8.34%	10.35%	10.85%	10.26%	6.73%	9.39%	9.39%	10.78%	8.49%	10.21%	8.86%	7.33%	5.99%	5.68%	5.92%	6.37%
Total Other Income/Expenses	-8.70M	-6.20M	4.80M	-141.30M	3.00M	-6.30M	-9.90M	-18.20M	2.20M	-4.40M	-3.10M	-2.40M	-68.90M	-95.40M	-84.20M	-122.60M	-78.70M	-73.70M	-330.10M	-50.10M	1.60M	-28.80M	-63.40M	-73.20M	-40.90M	-489.20M	-92.70M	147.30M	-375.30M	-264.00M
Income Before Tax	519.50M	461.80M	509.10M	85.20M	414.40M	391.00M	309.40M	258.40M	382.30M	262.00M	180.50M	149.10M	-318.00M	818.00M	825.20M	1.09B	898.50M	727.30M	448.10M	610.00M	530.70M	508.80M	333.40M	419.90M	369.70M	-160.00M	186.40M	371.00M	71.00M	1.24B
Income Before Tax Ratio	15.82%	15.46%	18.41%	3.44%	14.56%	14.24%	11.97%	10.74%	15.38%	9.87%	7.23%	6.69%	-15.01%	7.44%	7.57%	9.30%	9.98%	9.31%	6.03%	9.02%	9.43%	10.21%	7.13%	8.69%	7.98%	-3.56%	2.12%	4.26%	0.80%	5.25%
Income Tax Expense	104.80M	91.10M	189.60M	15.30M	89.90M	57.70M	194.60M	76.00M	70.10M	71.30M	-309.60M	39.60M	260.00M	164.00M	174.50M	312.30M	265.50M	227.60M	133.70M	172.50M	139.80M	128.90M	116.70M	155.40M	136.80M	-62.40M	72.70M	148.40M	50.00M	389.00M
Net Income	410.50M	367.00M	316.30M	72.50M	325.10M	333.70M	113.50M	186.10M	351.80M	184.50M	488.50M	125.40M	-130.00M	798.00M	643.70M	794.70M	742.10M	581.10M	359.50M	432.30M	403.90M	379.90M	276.70M	264.50M	232.90M	1.53B	108.10M	222.60M	658.00M	1.02B
Net Income Ratio	12.50%	12.28%	11.44%	2.93%	11.42%	12.16%	4.39%	7.74%	14.15%	6.95%	19.56%	5.63%	-6.13%	7.26%	5.90%	6.80%	8.24%	7.44%	4.84%	6.39%	7.18%	7.62%	5.92%	5.48%	5.03%	34.11%	1.23%	2.55%	7.41%	4.33%
EPS	4.99	4.40	3.68	0.84	3.71	3.81	1.29	2.09	3.92	2.02	5.37	1.35	-1.40	8.68	7.06	8.80	8.22	6.30	3.90	4.68	4.38	4.17	3.14	3.01	2.61	13.55	0.91	1.89	6.24	8.57
EPS Diluted	4.96	4.38	3.66	0.83	3.67	3.76	1.28	2.07	3.88	1.99	5.29	1.33	-1.40	8.60	7.00	8.66	8.06	6.20	3.82	4.58	4.30	4.06	3.05	2.94	2.53	13.55	0.89	1.85	6.18	8.02
Weighted Avg Shares Out	82.30M	83.40M	86.00M	86.70M	87.70M	87.70M	88.30M	89.20M	89.80M	91.50M	91.00M	93.00M	92.80M	91.95M	91.25M	90.35M	90.30M	92.15M	92.30M	92.30M	92.21M	91.00M	88.10M	87.87M	89.20M	113.10M	118.79M	117.78M	113.45M	115.00M
Weighted Avg Shares Out (Dil)	82.70M	83.70M	86.50M	87.30M	88.60M	88.70M	89.00M	89.90M	90.70M	92.80M	92.30M	94.10M	92.80M	92.65M	91.95M	91.70M	92.00M	93.70M	94.25M	94.40M	93.93M	93.60M	90.60M	89.97M	92.00M	113.10M	121.46M	120.32M	114.55M	125.00M

ITT Announces Participation at Bank of America Global Industrials Conference 2024 on March 19

March 6, 2024businesswire.com

STAMFORD, Conn.--(BUSINESS WIRE)--ITT Inc. today announced its participation at the Bank of America Global Industrials Conference 2024.

27 Upcoming Dividend Increases Including A Dividend King

February 29, 2024seekingalpha.com

A new list of 27 new dividend increases, including King Kimberly-Clark and three other champions.

ITT Names Michael Guhde President of Connect & Control Technologies (CCT) Business

February 26, 2024businesswire.com

STAMFORD, Conn.--(BUSINESS WIRE)--ITT Inc. today announced the appointment of Michael G. Guhde as president of its Connect & Control Technologies (CCT) business.

ITT Q4 Earnings In Line With Estimates, Revenues Increase Y/Y

February 9, 2024zacks.com

ITT's Q4 revenues increase 7% year over year, driven by higher Friction original equipment volumes in the Motion Technologies segment and pricing actions in the Connect & Control Technologies segment.

ITT Inc. (ITT) Q4 2023 Earnings Call Transcript

February 8, 2024seekingalpha.com

ITT Inc. (ITT) Q4 2023 Earnings Call Transcript

Here's What Key Metrics Tell Us About ITT (ITT) Q4 Earnings

February 8, 2024zacks.com

While the top- and bottom-line numbers for ITT (ITT) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates...

ITT Inc. (ITT) Hits Fresh High: Is There Still Room to Run?

February 8, 2024zacks.com

ITT (ITT) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

ITT (ITT) Q4 Earnings Meet Estimates

February 8, 2024zacks.com

ITT (ITT) came out with quarterly earnings of $1.34 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.29 per share a year ago.