Income Statement ITT Inc.

Equities

ITT

US45073V1089

Industrial Machinery & Equipment

Real-time Estimate Cboe BZX Other stock markets 11:56:39 2024-09-13 EDT			5-day change	1st Jan Change
136.70 ^USD	+2.41%		+5.54%	+14.15%

09-12	ITT Completes Acquisition of kSARIA Parent	MT
09-05	ITT Inc. Promotes Bartek Makowiecki to Senior Vice President, Chief Strategy Officer and President, Industrial Process	CI

8caf71cb7e384b30b539deebc0293.vGHLIvw5VD9nNyzsvEzGUBU8u9YBrNpFHWbOQmPQNd0.4ymRG7FQOVQ9A1vZ7CLwaFwJyYVS2oxzdyqjcTGPfYnyJ6USj10CdwRvaQ

Published financial data: ITT INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	2.85B	2.48B	2.76B	2.99B	3.28B
Total Revenues	2.85B	2.48B	2.76B	2.99B	3.28B
Cost of Goods Sold, Total	1.94B	1.7B	1.87B	2.06B	2.18B
Gross Profit	910M	782M	900M	923M	1.1B
Selling General & Admin Expenses, Total	411M	491M	367M	370M	470M
R&D Expenses	97.9M	84.9M	94.9M	96.5M	103M
Other Operating Expenses, Total	509M	576M	462M	466M	573M
Operating Income	401M	206M	437M	457M	528M
Interest Expense, Total	-	-	-	-6.4M	-19.2M
Interest And Investment Income	4.1M	700K	1.1M	-	8.8M
Net Interest Expenses	4.1M	700K	1.1M	-6.4M	-10.4M
Other Non Operating Income (Expenses)	2.5M	2.2M	2.4M	1.3M	1.3M
EBT, Excl. Unusual Items	408M	209M	441M	452M	519M
Restructuring Charges	-12.7M	-43M	-9.6M	-3.8M	-9.9M
Gain (Loss) On Sale Of Assets	-1M	2M	-	16.3M	100K
Asset Writedown	-	-16.3M	-	-1.8M	-
Insurance Settlements	-	-	-	-	-
Legal Settlements	20.2M	-66.3M	74.4M	-	-
Other Unusual Items	-	-	3.4M	-600K	10M
EBT, Incl. Unusual Items	414M	85.2M	509M	462M	520M
Income Tax Expense	89.9M	15.3M	190M	91.1M	105M
Earnings From Continuing Operations	324M	69.9M	320M	371M	415M
Earnings Of Discontinued Operations	1.7M	4M	1.5M	-1.3M	-900K
Net Income to Company	326M	73.9M	321M	369M	414M
Minority Interest	-1.1M	-1.4M	-4.7M	-2.4M	-3.3M
Net Income - (IS)	325M	72.5M	316M	367M	410M
Net Income to Common Incl Extra Items	325M	72.5M	316M	367M	410M
Net Income to Common Excl. Extra Items	323M	68.5M	315M	368M	411M
Per Share Items
Net EPS - Basic	3.71	0.84	3.68	4.4	4.99
Basic EPS - Continuing Operations	3.69	0.79	3.66	4.42	5
Basic Weighted Average Shares Outstanding	87.7M	86.7M	86M	83.4M	82.3M
Net EPS - Diluted	3.67	0.83	3.66	4.38	4.96
Diluted EPS - Continuing Operations	3.65	0.78	3.64	4.4	4.97
Diluted Weighted Average Shares Outstanding	88.6M	87.3M	86.5M	83.7M	82.7M
Normalized Basic EPS	2.89	1.49	3.15	3.36	3.9
Normalized Diluted EPS	2.86	1.48	3.13	3.34	3.88
Dividend Per Share	0.59	0.68	0.88	1.06	1.16
Payout Ratio	16.03	81.38	23.96	23.95	23.34
Supplemental Items
EBITDA	515M	318M	550M	564M	638M
EBITA	422M	226M	456M	478M	548M
EBIT	401M	206M	437M	457M	528M
EBITDAR	540M	343M	576M	591M	668M
Effective Tax Rate - (Ratio)	21.69	17.96	37.24	19.73	20.17
Current Domestic Taxes	9.9M	8.4M	23.7M	33.8M	46.8M
Current Foreign Taxes	49.1M	50.8M	50.2M	54.4M	85.6M
Total Current Taxes	59M	59.2M	73.9M	88.2M	132M
Deferred Domestic Taxes	11.6M	-41.4M	112M	2.9M	-16.8M
Deferred Foreign Taxes	19.3M	-2.5M	3.3M	-	-10.8M
Total Deferred Taxes	30.9M	-43.9M	116M	2.9M	-27.6M
Normalized Net Income	254M	129M	271M	280M	321M
Non-Cash Pension Expense	3.6M	144M	-600K	2.6M	3.1M
Supplemental Operating Expense Items
Selling and Marketing Expenses	166M	146M	151M	157M	174M
General and Administrative Expenses	241M	201M	214M	212M	296M
Research And Development Expense From Footnotes	97.9M	84.9M	94.9M	96.5M	103M
Net Rental Expense, Total	25.1M	25M	25.7M	26.6M	30.2M
Imputed Operating Lease Interest Expense	-	-	-	3.29M	11.29M
Imputed Operating Lease Depreciation	-	-	-	23.31M	18.91M
Stock-Based Comp., Other (Total)	18.5M	14.2M	17.8M	19.1M	21.9M
Total Stock-Based Compensation	18.5M	14.2M	17.8M	19.1M	21.9M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	612M	860M	648M	561M	489M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	612M	860M	648M	561M	489M
Accounts Receivable, Total	569M	496M	539M	629M	653M
Other Receivables	21.2M	19.1M	17.5M	18.3M	22.6M
Notes Receivable	6.2M	11M	19.2M	8.2M	25.5M
Total Receivables	596M	527M	576M	655M	701M
Inventory	393M	360M	431M	534M	575M
Prepaid Expenses	-	-	-	-	-
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	135M	170M	68M	86.6M	92.1M
Total Current Assets	1.74B	1.92B	1.72B	1.84B	1.86B
Gross Property Plant And Equipment	1.67B	1.73B	1.72B	1.76B	1.9B
Accumulated Depreciation	-1.05B	-1.12B	-1.14B	-1.16B	-1.25B
Net Property Plant And Equipment	623M	612M	587M	601M	648M
Long-term Investments	9.8M	11.7M	14.5M	42.9M	46.6M
Goodwill	927M	945M	924M	965M	1.02B
Other Intangibles, Total	168M	130M	102M	125M	124M
Deferred Tax Assets Long-Term	138M	158M	63.4M	54.7M	76M
Other Long-Term Assets, Total	504M	503M	152M	155M	163M
Total Assets	4.11B	4.28B	3.57B	3.78B	3.93B
Liabilities
Accounts Payable, Total	332M	307M	373M	401M	437M
Accrued Expenses, Total	205M	193M	206M	177M	210M
Short-term Borrowings	84.2M	104M	195M	449M	185M
Current Portion of Long-Term Debt	2.3M	2.5M	2.2M	2.2M	2.3M
Current Portion of Leases	19.9M	19.8M	20.1M	19M	19.5M
Current Income Taxes Payable	27M	36.9M	33.6M	27.1M	30.7M
Unearned Revenue Current, Total	74.6M	73.7M	69.1M	92.2M	134M
Other Current Liabilities	104M	134M	28.7M	18.2M	18.8M
Total Current Liabilities	850M	871M	928M	1.19B	1.04B
Long-Term Debt	12.9M	13M	9.9M	7.7M	5.7M
Long-Term Leases	76M	72.4M	64M	58.9M	72.3M
Pension & Other Post Retirement Benefits	214M	228M	200M	137M	139M
Deferred Tax Liability Non Current	24M	11.9M	29M	31.1M	25M
Other Non Current Liabilities	853M	954M	104M	102M	114M
Total Liabilities	2.03B	2.15B	1.33B	1.52B	1.39B
Common Stock, Total	87.8M	86.5M	85.5M	82.7M	82.1M
Retained Earnings	2.37B	2.32B	2.46B	2.51B	2.78B
Comprehensive Income and Other	-385M	-279M	-321M	-344M	-332M
Total Common Equity	2.07B	2.13B	2.23B	2.25B	2.53B
Minority Interest	2.9M	1.5M	4.9M	9.3M	10.9M
Total Equity	2.08B	2.13B	2.23B	2.26B	2.54B
Total Liabilities And Equity	4.11B	4.28B	3.57B	3.78B	3.93B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	87.8M	86.5M	85.3M	82.7M	82.1M
ECS Total Common Shares Outstanding	87.8M	86.5M	85.5M	82.7M	82.1M
Book Value / Share	23.63	24.58	26.03	27.18	30.79
Tangible Book Value	980M	1.05B	1.2B	1.16B	1.39B
Tangible Book Value Per Share	11.16	12.15	14.02	14	16.9
Total Debt	195M	212M	292M	537M	285M
Net Debt	-417M	-648M	-356M	-24.6M	-204M
Debt Equivalent of Unfunded Proj. Benefit Obligation	88.3M	124M	107M	78.7M	84M
Debt Equivalent Oper. Leases	201M	200M	206M	213M	242M
Minority Interest, Total (Incl. Fin. Div)	2.9M	1.5M	4.9M	9.3M	10.9M
Equity Method Investments, Total	9.8M	11.7M	14.5M	42.9M	46.6M
Account Code - Inventory Valuation	5	5	5	3	3
Inventories - Raw Materials, Total	228M	220M	266M	343M	367M
Inventories - Work In Process, Total	83.9M	77.5M	92.3M	105M	112M
Inventories - Finished Goods, Total	80.7M	63.1M	73M	86.6M	97M
Inventories - Others	-	-	-	-	-
Land - (BS)	33.3M	34.6M	32.5M	29.3M	29.5M
Buildings, Total	279M	274M	266M	278M	298M
Machinery, Total	1.21B	1.29B	1.28B	1.29B	1.4B
Full Time Employees	10.5K	9.7K	9.9K	10.3K	10.6K
Accumulated Allowance for Doubtful Accounts (Supple)	11.3M	15.1M	12M	11.7M	14.2M
Order Backlog	854M	367M	444M	580M	677M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	325M	72.5M	316M	367M	410M
Depreciation & Amortization - CF	92.6M	91.8M	94.2M	86.6M	90.1M
Amortization of Goodwill and Intangible Assets - (CF)	20.8M	20.4M	18.9M	20.8M	19.1M
Depreciation & Amortization, Total	113M	112M	113M	107M	109M
Minority Interest in Earnings - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	1M	-2M	-	-16.3M	-100K
Asset Writedown & Restructuring Costs	-	16.3M	-	1.8M	-
Stock-Based Compensation (CF)	15.7M	13.4M	16.5M	18.1M	20.2M
Net Cash From Discontinued Operations	900K	1M	800K	100K	-300K
Other Operating Activities, Total	3.3M	173M	-362M	20.7M	10.4M
Change In Accounts Receivable	-37.9M	82.3M	-64.7M	-98.1M	-39.5M
Change In Inventories	-600K	36.5M	-82.7M	-99.5M	-34.4M
Change In Accounts Payable	-1.9M	-34.7M	77.6M	39.4M	26.3M
Change in Unearned Revenues	-5.1M	-1.9M	-3.6M	23.3M	23.1M
Change In Income Taxes	-9.6M	-6.2M	8.2M	-13.5M	5.4M
Change in Other Net Operating Assets	-45.7M	-25.1M	-26.8M	-72.6M	6.9M
Cash from Operations	359M	437M	-7.6M	278M	538M
Capital Expenditure	-91.4M	-63.7M	-88.4M	-104M	-108M
Sale of Property, Plant, and Equipment	900K	1.7M	8M	20.9M	900K
Cash Acquisitions	-113M	-4.7M	-	-147M	-79.3M
Divestitures	-	-	-	-	11.5M
Investment in Marketable and Equity Securities, Total	-	-	-	-25.6M	-2.5M
Other Investing Activities, Total	200K	900K	-1.9M	400K	-4M
Cash from Investing	-203M	-65.8M	-82.3M	-255M	-181M
Short Term Debt Issued, Total	-	509M	95.4M	260M	-
Long-Term Debt Issued, Total	8.1M	1.5M	-	-	-
Total Debt Issued	8.1M	510M	95.4M	260M	-
Short Term Debt Repaid, Total	-27.2M	-525M	-	-	-266M
Long-Term Debt Repaid, Total	-3.2M	-2.5M	-2.4M	-2.1M	-2.2M
Total Debt Repaid	-30.4M	-527M	-2.4M	-2.1M	-268M
Issuance of Common Stock	14.9M	4.3M	1.2M	-	-
Repurchase of Common Stock	-41.4M	-84.2M	-116M	-254M	-67.2M
Common Dividends Paid	-52.1M	-59M	-75.8M	-87.9M	-95.8M
Common & Preferred Stock Dividends Paid	-52.1M	-59M	-75.8M	-87.9M	-95.8M
Other Financing Activities, Total	-600K	-2.9M	-1.7M	1.1M	-1.1M
Cash from Financing	-102M	-159M	-99.8M	-83.3M	-432M
Foreign Exchange Rate Adjustments	-3M	35.2M	-22.6M	-25.8M	3.6M
Net Change in Cash	50.7M	248M	-212M	-86.4M	-72M
Supplemental Items
Cash Interest Paid	2.5M	3.3M	3.3M	10.8M	15.7M
Cash Income Tax Paid (Refund)	63.4M	61.1M	61.3M	92.7M	113M
Levered Free Cash Flow	238M	260M	265M	108M	364M
Unlevered Free Cash Flow	238M	260M	265M	112M	376M
Change In Net Working Capital	53.4M	-68.3M	50.9M	196M	-22.2M
Net Debt Issued / Repaid	-22.3M	-16.8M	93M	258M	-268M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	6.31	3.07	6.97	7.77	8.56
Return on Total Capital	11.88	5.58	11.24	10.74	11.76
Return On Equity %	16.63	3.32	14.66	16.52	17.29
Return on Common Equity	16.6	3.26	14.47	16.46	17.23
Margin Analysis
Gross Profit Margin %	31.97	31.57	32.53	30.89	33.54
SG&A Margin	14.44	19.83	13.28	12.37	14.32
EBITDA Margin %	18.08	12.84	19.91	18.88	19.42
EBITA Margin %	14.83	9.13	16.5	15.99	16.68
EBIT Margin %	14.1	8.31	15.82	15.29	16.1
Income From Continuing Operations Margin %	11.4	2.82	11.56	12.41	12.63
Net Income Margin %	11.42	2.93	11.44	12.28	12.5
Net Avail. For Common Margin %	11.36	2.76	11.39	12.33	12.53
Normalized Net Income Margin	8.92	5.21	9.8	9.37	9.79
Levered Free Cash Flow Margin