ITT INC.
For the period ended Mar 29, 2025. Filed May 1, 2025.
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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.
Mar 29, 2025 · Filed May 1, 2025
ITT$205.55+4.9%Stored close · as of Nov 6, 2026
Contents
Consolidated Condensed Statements of Operations
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED)
| For the Three Months Ended | March 29,2025 | March 30,2024 |
|---|---|---|
| Revenue | $913.0 | $910.6 |
| Cost of revenue | 596.7 | 609.1 |
| Gross profit | 316.3 | 301.5 |
| General and administrative expenses | 85.3 | 71.5 |
| Sales and marketing expenses | 53.2 | 50.1 |
| Research and development expenses | 26.9 | 30.0 |
| Operating income | 150.9 | 149.9 |
| Interest expense | 9.3 | 7.7 |
| Interest income | (1.7) | (1.8) |
| Other non-operating income, net | (1.0) | (1.5) |
| Income before income tax expense | 144.3 | 145.5 |
| Income tax expense | 35.2 | 33.0 |
| Net income | 109.1 | 112.5 |
| Less: Income attributable to noncontrolling interests | 0.7 | 1.0 |
| Net income attributable to ITT Inc. | $108.4 | $111.5 |
| Earnings per share attributable to ITT Inc.: | ||
| Basic | $1.33 | $1.36 |
| Diluted | $1.33 | $1.35 |
| Weighted average common shares – basic | 81.3 | 82.2 |
| Weighted average common shares – diluted | 81.7 | 82.7 |
The accompanying Notes to the Consolidated Condensed Financial Statements are an integral part of the Statements of Operations.
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