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.
TypePublic
Founded1920
HQWhite Plains, US
Websiteitt.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Dec 2019)10,500(+5%)
Job Openings46
Revenue (FY, 2019)$2.8 B(+4%)
Share Price (Oct 2020)$63.5
Cybersecurity ratingBMore

Key People/Management at ITT

Luca Savi

Luca Savi

Director, Chief Executive Officer and President
Francesco Lucciola

Francesco Lucciola

Vice President, Strategy and Business Development
Mary Beth Gustafsson

Mary Beth Gustafsson

Senior Vice President, General Counsel and Chief Compliance Officer
Farrokh Batliwala

Farrokh Batliwala

Senior Vice President and President, Connect and Control Technologies
Ryan Flynn

Ryan Flynn

Senior Vice President and President, Asia Pacific
George Hanna

George Hanna

Senior Vice President and President, Industrial Process
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ITT Office Locations

ITT has offices in White Plains, Hebron, Novi, Beijing and in 15 other locations
White Plains, US (HQ)
1133 Westchester Ave
Hebron, US
1961 International Way #9526
Novi, US
46785 Magellan Dr
Beijing, CN
No.5 Guangqu Garden
Shanghai, CN
Room 902 Tower A, 100 Zunyi Rd, Hong Qiao, Changning Qu
Shenzhen Shi, CN
Jindacheng Pallet Pier Industrial Zone
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ITT Financials and Metrics

ITT Revenue

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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 (Q2, 2020)

514.7m

Gross profit (Q2, 2020)

163.6m

Gross profit margin (Q2, 2020), %

31.8%

Net income (Q2, 2020)

46.4m

EBIT (Q2, 2020)

20.5m

Market capitalization (14-Oct-2020)

5.5b

Closing stock price (14-Oct-2020)

63.5

Cash (30-Jun-2020)

819.1m

EV

4.9b
ITT's current market capitalization is $5.5 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

2.6b2.7b2.8b

Revenue growth, %

7%6%4%

Cost of goods sold

1.8b1.9b1.9b

Gross profit

817.2m887.2m910.1m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2015Q3, 2019Q1, 2020Q2, 2020

Revenue

689.3m696.8m680.6m695.5m719.9m711.9m663.3m514.7m

Cost of goods sold

465.1m470.8m454.1m476.7m487.9m480.6m453.9m351.1m

Gross profit

224.2m226.0m226.5m218.8m232.0m231.3m209.4m163.6m

Gross profit Margin, %

33%32%33%31%32%32%32%32%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

389.8m561.2m612.1m

Accounts Receivable

629.6m540.0m578.4m

Inventories

311.9m380.5m392.9m

Current Assets

1.5b1.6b1.7b
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

113.3m334.6m326.2m

Depreciation and Amortization

105.3m109.4m113.4m

Inventories

14.2m(13.3m)(600.0k)

Accounts Payable

16.8m(4.2m)(1.9m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

101.3m171.2m282.3m71.4m138.2m257.1m84.8m132.8m

Depreciation and Amortization

27.6m55.2m82.5m26.4m53.0m81.1m27.4m54.5m

Inventories

(20.7m)(22.8m)(22.2m)(17.3m)(27.4m)(28.2m)600.0k2.0m

Accounts Payable

10.4m(14.2m)(10.3m)18.8m11.4m3.6m(6.4m)(62.3m)
USDFY, 2017

EV/EBIT

14.4 x

EV/CFO

18.1 x

EV/FCF

33.3 x

Revenue/Employee

258.5k

Debt/Equity

0.1 x

Financial Leverage

2.3 x

P/E Ratio

41.6
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ITT Operating Metrics

ITT's Backlog was reported to be $853.6m in FY, 2019.
FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 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
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ITT Acquisitions / Subsidiaries

Company NameDateDeal Size
Matrix Composites IncJuly 08, 2019$29 m
Rheinhütte Pumpen GroupMay 01, 2019€81 m
AxtoneJanuary 26, 2017
Wolverine Automotive Holdings, Inc.October 05, 2015
Hartzell AerospaceApril 01, 2015
ITT Bornemann GmbHNovember 28, 2012€206 m
Blakers Pump EngineersNovember 01, 2011
YSI IncJuly 11, 2011
SRA International's Airport Operations Solutions (AOS) groupNovember 22, 2010
O.I. CorporationNovember 15, 2010
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ITT Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

SecurityScorecard logo

ITT Revenue Breakdown

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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 Online and Social Media Presence

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ITT News and Updates

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.

Jet Pumps 2020 Global Market Key Players – Grundfos, Flowserve, ITT, KSB, Sulzer - Analysis and Forecast to 2026

Wiseguyreports.Com Publish New Market Research Report On-“Covid-19 Impact on Jet Pumps Market 2020 Global Analysis, Size, Share, Trends, Opportunities and Growth, Forecast 2026” Posted via Industry Today. Follow us on Twitter @IndustryToday

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...

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…

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…

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
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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, Francesco Lucciola and Mary Beth Gustafsson.

  • 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 Roper Technologies, Ingersoll Rand and Woodward.

  • 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.