Business Focus: Industrial Machinery & Equipment

Sector:  Industrials Industry:  Industrial Machinery & Equipment
See Regulatory Filings on SEC
Company Contact
Address: 1133 Westchester Ave
Tel: 1-914-6412030
IR: See website
Key People
Luca Savi
President, Chief Executive Officer, Director
Emmanuel Caprais
Chief Financial Officer, Senior Vice President
Maurine C. Lembesis
Chief Human Resource Officer, Senior Vice President
Mary Beth Gustafsson
Senior Vice President, Chief Compliance Officer, General Counsel, Secretary
Ryan F. Flynn
Senior Vice President and President, Asia Pacific
Carlo Ghirardo
Senior Vice President and President, Motion Technologies
John Capela
Chief Accounting Officer, Vice President
Business Overview
ITT Inc. is a manufacturer of engineered critical components and customized technology solutions for the energy, transportation and industrial markets. The Company operates through four segments. The Industrial Process (IP) segment is an original equipment manufacturer and service provider offering a range of industrial pumps, valves and plant optimization systems and services. The Motion Technologies (MT) segment is a manufacturer of braking pads, shims, shock absorbers, damping, and sealing technologies for the transportation industry, including passenger cars, buses, and rail transportation. The Interconnect Solutions (ICS) segment designs and manufactures engineered connectors and cable assemblies for a range of applications in a range of environments. The Control Technologies (CT) segment manufactures equipment, including actuation, fuel management, noise and energy absorption, and environmental control system components, for the aerospace and defense, and industrial markets.
Financial Overview
For the nine months ended 30 September 2020, ITT Increvenues decreased 17% to $1.77B. Net income beforeextraordinary items decreased 68% to $82.1M. Revenuesreflect Motion Technologies segment decrease of 18% to$769M, Connect & Control Technologies segment decrease of23% to $387.5M, Industrial Process segment decrease of 2%to $614.7M. Net income also reflects Asbestos-related costssegment loss totaling $116.7M vs. income of $31.8M.
Employees: 10,500 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $5,742M as of Sep 30, 2020
Annual revenue (TTM): $2,488M as of Sep 30, 2020
EBITDA (TTM): $458.40M as of Sep 30, 2020
Net annual income (TTM): $148.60M as of Sep 30, 2020
Free cash flow (TTM): $328.70M as of Sep 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 86,400,000 as of Oct 28, 2020
Index Membership: S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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