ITT INC

For the period ended Jun 29, 2024. Filed Aug 1, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 29, 2024 · Filed Aug 1, 2024

ITT$205.55+4.9%Stored close · as of Nov 6, 2026

See the whole filing, with its images and exhibits

Contents

Consolidated Condensed Statements of Operations

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED)

	Three Months Ended		Six Months Ended
	June 29,2024	July 1,2023	June 29,2024	July 1,2023
Revenue	$905.9	$833.9	$1,816.5	$1,631.8
Cost of revenue	589.8	553.9	1,199.6	1,089.9
Gross profit	316.1	280.0	616.9	541.9
General and administrative expenses	76.8	68.4	148.3	136.7
Sales and marketing expenses	50.6	43.9	100.7	86.8
Research and development expenses	29.7	25.7	59.7	52.1
Operating income	159.0	142.0	308.2	266.3
Interest expense	7.4	4.5	15.1	11.2
Interest income	(1.6)	(2.0)	(3.4)	(4.6)
Other non-operating income, net	(0.2)	—	(1.7)	(0.6)
Income before income tax expense	153.4	139.5	298.2	260.3
Income tax expense	33.0	30.6	65.8	50.7
Net income	120.4	108.9	232.4	209.6
Less: Income attributable to noncontrolling interests	1.2	0.7	2.2	1.4
Net income attributable to ITT Inc.	$119.2	$108.2	$230.2	$208.2
Earnings per share attributable to ITT Inc.:
Basic	$1.45	$1.31	$2.80	$2.52
Diluted	$1.45	$1.31	$2.79	$2.51
Weighted average common shares – basic	82.0	82.4	82.1	82.5
Weighted average common shares – diluted	82.4	82.6	82.5	82.8

The accompanying Notes to the Consolidated Condensed Financial Statements are an integral part of the Statements of Operations.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.