ITT Inc (N:ITT)

Business Focus: Industrial Machinery & Equipment

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
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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

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