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ITT Price Correlated With Financials For ITT

Free historical financial statements for ITT Inc. See how revenue, income, cash flow, and balance sheet financials have changed over 43 quarters since 2012. Compare with ITT stock chart to see long term trends.

ITT Stock Compared to Quarterly

ITT Income Statement

Revenue, Net:753600000
Revenue Per Share:9.1125
Cost of Goods & Services Sold:520200000
Gross Profit:233400000
Selling, General & Admin Expense:47500000
Research & Development Expense:24400000
Operating Income:122000000
Income Taxes:16400000
Net Income:103200000
Earnings Per Share, Basic:1.24
Shares Outstanding, Basic Avg:82700000

ITT Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:26200000
Net Cash from Operations:61000000
Net Cash from Operations Per Share:0.7376
Repurchases/Buybacks Common Stock:4700000
Cash Dividends Paid:21800000
Net Cash from Financing Activities:-27500000
Property, Plant & Equipment Purchases:26200000
Net Cash from Investing Activities:-26400000
Net Change in Cash & Equivalents:-11200000

ITT Balance Sheet

Cash and Cash Equivalents:515300000
Short-Term Investments:null
Inventories:525100000
Total Current Assets:1785600000
Property, Plant & Equipment, Net:491500000
Total Assets:3690200000
Accounts Payable:390700000
Current Portion of Long-Term Debt:2000000
Total Short-Term Liabilities:1269100000
Long Term Debt, Non-Current Portion:null
Total Liabilities:1624700000

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Capital International Investors
9,734,237 sh
677 sh
0%
$636,110
-$18,371
Vanguard Group Inc
7,763,977 sh
20,326 sh
0%
$507,298
-$13,385
FMR LLC
7,701,189 sh
181,358 sh
2%
$503,196
-$2,437
Blackrock Inc.
6,785,302 sh
-83,390 sh
-1%
$443,351
-$18,500
JPMorgan Chase & Co
5,945,113 sh
-153,066 sh
-3%
$388,454
-$21,587
Alliancebernstein L.P.
2,227,574 sh
141,083 sh
7%
$145,550
$5,254
State Street Corp
2,197,963 sh
7,131 sh
0%
$144,202
-$3,702
Macquarie Group Ltd
1,783,595 sh
-8,727 sh
0%
$116,646
-$3,870
Massachusetts Financial Services Co /Ma/
1,646,916 sh
11,438 sh
1%
$107,610
-$2,359
Boston Partners
1,356,056 sh
76,845 sh
6%
$88,638
$2,603
Janus Henderson Group Plc
1,300,057 sh
-616 sh
0%
$84,946
-$2,511
Ameriprise Financial Inc
1,187,143 sh
-2,339 sh
0%
$77,573
-$2,412
Dimensional Fund Advisors LP
1,138,213 sh
6,841 sh
1%
$74,374
-$1,696
Paradice Investment Management LLC
1,102,369 sh
14,544 sh
1%
$72,029
-$1,116
Geode Capital Management, LLC
1,072,262 sh
-7,158 sh
-1%
$70,061
-$2,519
Bank Of New York Mellon Corp
910,112 sh
41,787 sh
5%
$59,467
$1,082
Goldman Sachs Group Inc
849,171 sh
20,687 sh
2%
$55,485
-$223
Charles Schwab Investment Management Inc
716,534 sh
16,748 sh
2%
$46,818
-$236
Westfield Capital Management Co Lp
690,594 sh
67,132 sh
11%
$45,123
-$1,768
Alyeska Investment Group, L.P.
672,980 sh
384,937 sh
134%
$43,973
$24,605
COMPANY PROFILE
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION

Description of Business

ITT Inc. is a diversified manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and energy markets. Unless the context otherwise indicates, references herein to “ITT,” “the Company,” and such words as “we,” “us,” and “our” include ITT Inc. and its subsidiaries. ITT operates through three reportable segments: Motion Technologies (MT), consisting of friction and shock and vibration equipment; Industrial Process (IP), consisting of industrial flow equipment and services; and Connect & Control Technologies (CCT), consisting of electronic connectors, fluid handling, motion control, composite materials and noise and energy absorption products. Financial information for our segments is presented in Note 3, Segment Information .

Russia-Ukraine Conflict

In February 2022, the United States announced targeted economic sanctions on Russia and certain Russian citizens in response to Russia’s invasion of Ukraine. As described in Part I, Item IA, “Risk Factors” in our 2021 Annual Report for the fiscal year ended December 31, 2021, our business may be sensitive to global economic conditions, which can be negatively impacted by instability in the geopolitical environment. Our annual sales directly to customers in Russia and Ukraine were approximately $38 for 2021.

During the first quarter of 2022, we recorded total charges of $8.8, primarily related to inventory and accounts receivable reserves, as a result of suspending our operations in Russia and to reflect the current macroeconomic conditions impacting some of our customers that sell or supply into this region. If circumstances worsen, we may experience a further reduction in demand and incur additional charges, including potential fixed asset impairments, severance and other reserves, which could have a material adverse impact on our business and financial results. For additional discussion of the risks related to the Russia-Ukraine conflict, see Part II, Item 1A, “ Risk Factors ” herein.

Basis of Presentation

The unaudited consolidated condensed financial statements have been prepared pursuant to the rules and regulations of the SEC and, in the opinion of management, reflect all known adjustments (which consist primarily of normal, recurring accruals, estimates and assumptions) necessary to state fairly the financial position, results of operations, and cash flows for the periods presented. The Consolidated Condensed Balance Sheet as of December 31, 2021, presented herein, has been derived from our audited balance sheet included in our Annual Report on Form 10-K ( 2021 Annual Report ) for the year ended December 31, 2021 but does not include all disclosures required by accounting principles generally accepted in the United States (GAAP). We consistently applied the accounting policies described in the 2021 Annual Report in preparing these unaudited financial statements. These financial statements should be read in conjunction with the financial statements and notes thereto included in our 2021 Annual Report.

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Estimates are revised as additional information becomes available. Estimates and assumptions are used for, but not limited to, revenue recognition, unrecognized tax benefits, deferred tax valuation allowances, projected benefit obligations for postretirement plans, accounting for business combinations, goodwill and other intangible asset impairment testing, environmental liabilities and assets, allowance for credit losses and inventory valuation. Actual results could differ from these estim

Data imported from ITT Inc SEC filings. Check original filings before making any investment decision.