OverviewSuggest Edit
ITT is a company manufacturing highly engineered critical components and customized technology solutions for the energy, transportation, and industrial markets. The company operates in three segments: Industrial Process, Motion Technologies, and Connect & Control Technologies. The Industrial Process segment provides industrial pumps, valves, monitoring and control systems, and aftermarket services for chemical, oil and gas, mining, pulp and paper, power, and biopharmaceutical markets. The Motion Technologies segment manufactures brake pads, shims, shock absorbers, and energy absorption components, and sealing technologies primarily for the transportation industry. The Connect & Control Technologies designs and manufactures connectors, critical energy absorption, and flow control components for the aerospace, defense, and industrial markets.
| Type | Public | |
| Founded | 1920 | |
| HQ | White Plains, NY, US | Map |
| Website | itt.com | |
| Employee Ratings | More | |
| Overall Culture | A- | More |
Recent NewsAll News
- Former ITT Student Sues Navient For Student Loan Forgiveness
- ITT, Clean Harbors, Insperity: Industrial Stocks To Play The Recovery
- IFPE Download: ITT showcases energy, vibration and noise mitigation tech
- ITT beats earnings expectations and lifts dividend, but gives downbeat outlook on coronavirus outbreak
Key People/Management at ITT
Luca Savi
Director, Chief Executive Officer and President
Richard P. Lavin
Chairman
Francesco Lucciola
Vice President, Strategy and Business Development
Mary Beth Gustafsson
Senior Vice President, General Counsel and Chief Compliance Officer
Davide Barbon
Senior Vice President and President, Asia Pacific
Emmanuel Caprais
Senior Vice President and Chief Financial Officer
ITT Office Locations
ITT has offices in White Plains, Hebron, Novi, Beijing and in 15 other locations
White Plains, NY, US (HQ)
1133 Westchester Ave
Hebron, KY, US
1961 International Way #9526
Novi, MI, US
46785 Magellan Dr
Beijing, CN
No.5 Guangqu Garden
Shanghai, CN
Room 1801 Tower A, 100 Zunyi Rd, Hong Qiao, Changning Qu
Shanghai, CN
Room 902 Tower A, 100 Zunyi Rd, Hong Qiao, Changning Qu
ITT Financials and Metrics
ITT Revenue
ITT's revenue was reported to be $2.85 b in FY, 2019 which is a 3.7% increase from the previous period.
| USD | |
|---|---|
Revenue (Q3, 2020) | 591.2m |
Gross profit (Q3, 2020) | 190.6m |
Gross profit margin (Q3, 2020), % | 32.2% |
Net income (Q3, 2020) | (46.3m) |
EBIT (Q3, 2020) | (62.5m) |
Market capitalization (18-Feb-2021) | 6.6b |
Closing stock price (18-Feb-2021) | 76.9 |
Cash (30-Sept-2020) | 782.3m |
EV | 5.9b |
ITT's current market capitalization is $6.6 b.
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2015 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 689.3m | 696.8m | 680.6m | 695.5m | 719.9m | 711.9m | 663.3m | 514.7m | 591.2m |
Cost of goods sold | 465.1m | 470.8m | 454.1m | 476.7m | 487.9m | 480.6m | 453.9m | 351.1m | 400.6m |
Gross profit | 224.2m | 226.0m | 226.5m | 218.8m | 232.0m | 231.3m | 209.4m | 163.6m | 190.6m |
Gross profit Margin, % | 33% | 32% | 33% | 31% | 32% | 32% | 32% | 32% | 32% |
Annual
Quarterly
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 101.3m | 171.2m | 282.3m | 71.4m | 138.2m | 257.1m | 84.8m | 132.8m | 86.8m |
Depreciation and Amortization | 27.6m | 55.2m | 82.5m | 26.4m | 53.0m | 81.1m | 27.4m | 54.5m | 62.2m |
Inventories | (20.7m) | (22.8m) | (22.2m) | (17.3m) | (27.4m) | (28.2m) | 600.0k | 2.0m | 13.8m |
Accounts Payable | 10.4m | (14.2m) | (10.3m) | 18.8m | 11.4m | 3.6m | (6.4m) | (62.3m) | (34.8m) |
| USD | FY, 2017 |
|---|---|
Revenue/Employee | 258.5k |
Debt/Equity | 0.1 x |
Financial Leverage | 2.3 x |
ITT Operating Metrics
ITT's Backlog was reported to be $853.6m in FY, 2019.
| FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Backlog | $869.70 m | $1.02 b | $853.60 m | ||||||||
Order Volume | $2.62 b | $761.20 m | $741.70 m | $722.10 m | $2.89 b | $738.90 m | $692.80 m | $702.10 m | $2.81 b | ||
Backlog (Motion Technologies) | $299.70 m | $303.10 m | $167.40 m | ||||||||
Backlog (Industrial Process) | $336.50 m | $385.90 m | $427.80 m | $463.80 m | $444.20 m | $444.10 m | $425.30 m | $425.20 m | $395.40 m | $391.70 m | $390.70 m |
ITT Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Matrix Composites Inc | July 08, 2019 | $29 m |
| Rheinhütte Pumpen Group | May 01, 2019 | €81 m |
| Axtone | January 26, 2017 | |
| Wolverine Automotive Holdings, Inc. | October 05, 2015 | |
| Hartzell Aerospace | April 01, 2015 | |
| ITT Bornemann GmbH | November 28, 2012 | €206 m |
| Blakers Pump Engineers | November 01, 2011 | |
| YSI Inc | July 11, 2011 | |
| SRA International's Airport Operations Solutions (AOS) group | November 22, 2010 | |
| O.I. Corporation | November 15, 2010 |
ITT Revenue Breakdown
ITT revenue breakdown by business segment: 23.3% from Connect and Control Technologies, 43.6% from Motion Technologies and 33.1% from Industrial Process
ITT revenue breakdown by geographic segment: 41.9% from North America, 15.0% from Asia Pacific, 35.0% from Europe and 8.1% from Other
ITT Cybersecurity Score
ITT Environment, Social & Governance (ESG) Ratings
ITT Online and Social Media Presence
1.71k Twitter followers
ITT has 1.71k Twitter Followers. The number of followers has increased 0.1% month over month and increased 0.6% quarter over quarter
ITT's Trends
Twitter Engagement Stats for @ITT_Inc
1.1k
Tweets
115
Following
1.7k
Followers
5
Tweets last 30 days
2
Avg. likes per Tweet
80%
Tweets with engagement
ITT Company Culture
Overall Culture
A-
76/100
CEO Rating
A+
85/100
Compensation
A+
87/100
Diversity
C+
67/100
ITT News and Updates
September 10, 2020
Former ITT Student Sues Navient For Student Loan Forgiveness
A lawsuit filed by a former ITT student alleges that Navient should forgive private student loans from the defunct school.
August 20, 2020
ITT, Clean Harbors, Insperity: Industrial Stocks To Play The Recovery
The industrials sector has underperformed this year, as investors favored higher-growth, asset-light sectors such as software through the Covid-19 pandemic. The S&P 500 Industrial Index is down by about 6% year-to-date compared to the broader S&P 500 which is up by 5%. However, there are...
March 10, 2020
IFPE Download: ITT showcases energy, vibration and noise mitigation tech
ITT Inc. and its Enidine brand will highlight its vast portfolio of highly engineered industrial motion control solutions for the manufacturing and construction industries at IFPE 2020 this week. The company will present its latest innovative technologies in the South Hall, Booth S82200. Enidine’s h…
February 21, 2020
ITT beats earnings expectations and lifts dividend, but gives downbeat outlook on coronavirus outbreak
ITT Inc. reported Friday fourth-quarter earnings that beat expectations and raised its dividend by 15%, but provided a downbeat outlook included an estimated impact from the coronavirus outbreak in China. The stock was still inactive in premarket trading. Net income at the engineered components com…
November 04, 2019
ITT Enidine to Highlight Industry-Leading, High-Impact Shock and Harsh Environment Vibration Solutions for Defense Applications at SAVE
Proven, patented technologies provide military partners with critical, customized and integrated shock and vibration solutions for a wide range of challenging defense applications.read more
July 09, 2019
Technology Tuesday: Dan Kowalik of ITT Enidine on its IoT-enabled shock absorber
In our latest Technology Tuesdays podcast, Design World’s Mary Gannon speaks with ITT Enidine’s Dan Kowalik, about the company’s entrance into the IoT world with its intelligent shock absorber, the Sentinel 1. A lightly edited transcript of this conversation follows below: Mary Gannon: I’m Mary Gann…
ITT Frequently Asked Questions
When was ITT founded?
ITT was founded in 1920.
Who are ITT key executives?
ITT's key executives are Luca Savi, Richard P. Lavin and Francesco Lucciola.
How many employees does ITT have?
ITT has 10,500 employees.
What is ITT revenue?
Latest ITT annual revenue is $2.8 b.
What is ITT revenue per employee?
Latest ITT revenue per employee is $271.1 k.
Who are ITT competitors?
Competitors of ITT include Crane Co., Roper Technologies and Ingersoll Rand.
Where is ITT headquarters?
ITT headquarters is located at 1133 Westchester Ave, White Plains.
Where are ITT offices?
ITT has offices in White Plains, Hebron, Novi, Beijing and in 15 other locations.
How many offices does ITT have?
ITT has 20 offices.
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