ITT INC
For the period ended Sep 28, 2024. Filed Oct 29, 2024.
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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.
Sep 28, 2024 · Filed Oct 29, 2024
ITT$205.55+4.9%Stored close · as of Nov 6, 2026
Contents
Consolidated Condensed Statements of Operations
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED)
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| September 28,2024 | September 30,2023 | September 28,2024 | September 30,2023 | |
| Revenue | $885.2 | $822.1 | $2,701.7 | $2,453.9 |
| Cost of revenue | 571.2 | 542.7 | 1,770.8 | 1,632.6 |
| Gross profit | 314.0 | 279.4 | 930.9 | 821.3 |
| General and administrative expenses | 74.8 | 66.9 | 223.1 | 210.8 |
| Sales and marketing expenses | 50.5 | 44.4 | 151.2 | 131.2 |
| Research and development expenses | 28.6 | 25.0 | 88.3 | 77.1 |
| Gain on sale of businesses | (47.8) | — | (47.8) | (7.2) |
| Operating income | 207.9 | 143.1 | 516.1 | 409.4 |
| Interest expense | 10.0 | 4.2 | 25.1 | 15.4 |
| Interest income | (1.6) | (1.9) | (5.0) | (6.5) |
| Other non-operating income, net | (0.2) | (0.9) | (1.9) | (1.5) |
| Income before income tax expense | 199.7 | 141.7 | 497.9 | 402.0 |
| Income tax expense | 37.8 | 29.9 | 103.6 | 80.6 |
| Income from continuing operations | 161.9 | 111.8 | 394.3 | 321.4 |
| Loss from discontinued operations, net of tax benefit of $0.0, $0.0, $0.0, and $0.0, respectively | (0.2) | — | (0.2) | — |
| Net income | 161.7 | 111.8 | 394.1 | 321.4 |
| Less: Income attributable to noncontrolling interests | 0.6 | 1.0 | 2.8 | 2.4 |
| Net income attributable to ITT Inc. | $161.1 | $110.8 | $391.3 | $319.0 |
| Amounts attributable to ITT Inc.: | ||||
| Income from continuing operations | $161.3 | $110.8 | $391.5 | $319.0 |
| Loss from discontinued operations, net of tax | (0.2) | — | (0.2) | — |
| Net income attributable to ITT Inc. | $161.1 | $110.8 | $391.3 | $319.0 |
| Earnings per share attributable to ITT Inc.: | ||||
| Basic: | ||||
| Continuing operations | $1.98 | $1.35 | $4.78 | $3.87 |
| Discontinued operations | (0.01) | — | — | — |
| Net income | $1.97 | $1.35 | $4.78 | $3.87 |
| Diluted: | ||||
| Continuing operations | $1.96 | $1.34 | $4.75 | $3.86 |
| Discontinued operations | — | — | — | — |
| Net income | $1.96 | $1.34 | $4.75 | $3.86 |
| Weighted average common shares – basic | 81.6 | 82.1 | 81.9 | 82.4 |
| Weighted average common shares – diluted | 82.1 | 82.5 | 82.4 | 82.7 |
The accompanying Notes to the Consolidated Condensed Financial Statements are an integral part of the Statements of Operations.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.