Sector: Industrials | Industry: Industrial Machinery & Equipment |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 100 Washington Boulevard, 6th Floor STAMFORD CT 06902 |
Tel: | 1-914-6412030 |
Website: | https://www.itt.com |
IR: | See website |
Key People | ||
Luca Savi President, Chief Executive Officer, Director | Emmanuel Caprais Chief Financial Officer, Senior Vice President | Michael Guhde President - Connect and Control Technologies |
Fernando Roland President - Industrial Process Business | Maurine C. Lembesis Chief Human Resource Officer, Senior Vice President | Lori B. Marino Senior Vice President, General Counsel |
Davide Barbon Senior Vice President, President, Asia Pacific | Carlo Ghirardo Senior Vice President, President - Motion Technologies | Bartek Makowiecki Senior Vice President - Strategy and Business Development |
Business Overview |
ITT Inc. is a diversified manufacturer of engineered critical components and customized technology solutions for the transportation, industrial and energy markets. Its segments include Motion Technologies (MT), Industrial Process (IP), and Connect & Control Technologies (CCT). The MT segment manufactures brake components and specialized sealing solutions, shock absorbers and damping technologies primarily for the global automotive, truck and trailer, public bus and rail transportation markets. The IP segment manufactures engineered fluid process equipment serving a diversified mix of customers in global industries such as chemical, energy, mining, and other industrial process markets and is a provider of plant optimization and efficiency solutions and aftermarket services and parts. The CCT segment manufactures connector solutions, critical energy absorption, flow control components, and composite materials for the aerospace and defense, general industrial, medical, and energy markets. |
Financial Overview |
For the fiscal year ended 31 December 2023, ITT Inc revenues increased 10% to $3.28B. Net income before extraordinary items increased 12% to $411.4M. Revenues reflect Industrial Process segment increase of 16% to $1.13B, Motion Technologies segment increase of 6% to $1.46B, Connect & Control Technologies segment increase of 8% to $699.4M, Northern America segment increase of 12% to $1.36B, Europe segment increase of 6% to $1.05B. |
Employees: | 10,600 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $9,997M as of Dec 31, 2023 |
Annual revenue (TTM): | $3,283M as of Dec 31, 2023 |
EBITDA (TTM): | $650.60M as of Dec 31, 2023 |
Net annual income (TTM): | $411.40M as of Dec 31, 2023 |
Free cash flow (TTM): | $334.30M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 82,260,247 as of Mar 19, 2024 |
Index Membership: | S&P 400 Mid Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |