ITT manufactures and sells engineered critical components and customized technology solutions for the energy, transportation, and industrial markets. The Company operates in three segments. The Industrial Process segment designs and manufactures industrial pumps, valves, and plant optimization systems; and centrifugal pumps, vertical centrifugal pumps. The Motion Technologies segment manufactures braking pads, shims, shock absorbers, and energy absorption components; and sealing technologies. The Connect and Control Technologies segment designs and manufactures a range of engineered connectors and specialized control components for critical applications supporting various markets, including aerospace, defense, industrial, transportation, medical, and oil and gas.

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TypePublic
HQWhite Plains, US
Founded1920
Size (employees)10,000 (est)
Websiteitt.com
ITT Corporation was founded in 1920 and is headquartered in White Plains, US
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Key People/Management at ITT Corporation

Denise L. Ramos

Denise L. Ramos

Chief Executive Officer and President
Vicky Creamer

Vicky Creamer

Senior Vice President and Chief Human Resources Officer
Mary Beth Gustafsson

Mary Beth Gustafsson

Senior Vice President, General Counsel and Chief Compliance Officer
Luca Savi

Luca Savi

President and Chief Operating Officer
Tom Scalera

Tom Scalera

Executive Vice President and Chief Financial Officer
Orlando D. Ashford

Orlando D. Ashford

President, Holland America Line
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ITT Corporation Office Locations

ITT Corporation has offices in White Plains, Greensboro, Chicago, The Woodlands and in 26 other locations
White Plains, US (HQ)
1133 Westchester Ave
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ITT Corporation Financials and Metrics

ITT Corporation Revenue

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ITT Corporation's revenue was reported to be $2.59 b in FY, 2017 which is a 7.5% increase from the previous period.
USD

Market capitalization (17-Jan-2019)

4.6b

Closing stock price (17-Jan-2019)

52.3

Cash (30-Jun-2018)

449.6m

EV

4.3b
ITT Corporation's current market capitalization is $4.6 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

2.5b2.7b2.5b2.4b2.6b

Revenue growth, %

6%(6%)(3%)7%

Cost of goods sold

1.7b1.8b1.7b1.6b1.8b

Gross profit

799.8m866.4m809.1m758.2m817.2m
Quarterly
USDQ3, 2013Q2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

634.0m663.0m588.7m628.2m601.9m609.1m626.2m581.7m625.8m630.9m645.0m689.3m696.8m

Cost of goods sold

389.7m414.3m407.0m413.8m420.6m397.8m423.5m426.5m441.9m465.1m470.8m

Gross profit

199.0m213.9m194.9m195.3m205.6m183.9m202.3m204.4m203.1m224.2m226.0m

Gross profit Margin, %

34%34%32%32%33%32%32%32%31%33%32%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

507.3m584.0m415.7m460.7m389.8m

Accounts Receivable

496.7m500.1m584.9m523.9m629.6m

Inventories

315.9m302.3m292.7m295.2m311.9m

Current Assets

1.7b1.6b1.5b1.4b1.5b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

570.1m497.4m504.9m430.9m433.3m475.8m348.5m355.3m395.6m438.7m449.6m

Accounts Receivable

537.2m558.0m567.8m607.0m625.1m595.2m576.9m591.1m611.6m581.4m560.4m

Inventories

309.0m287.6m294.9m299.7m301.3m299.3m305.1m311.5m314.9m327.9m404.9m393.5m

Current Assets

1.6b1.6b1.6b1.6b1.5b1.5b1.4b1.4b1.5b1.6b1.6b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

490.9m186.8m351.6m186.6m113.3m

Depreciation and Amortization

86.9m88.3m90.0m102.0m105.3m

Inventories

(11.0m)(3.1m)31.5m(7.2m)14.2m

Accounts Payable

4.5m(5.8m)11.0m700.0k16.8m
Quarterly
USDQ1, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

42.0m184.4m315.1m37.3m70.3m160.5m45.6m93.5m180.4m101.3m171.2m

Depreciation and Amortization

20.7m41.9m63.1m25.3m51.1m76.5m24.8m50.4m77.6m27.6m55.2m

Inventories

3.6m2.0m(6.3m)(4.0m)(3.7m)(8.9m)(1.6m)2.3m4.2m(20.7m)(22.8m)

Accounts Payable

(500.0k)4.5m(400.0k)(14.8m)(4.3m)(16.2m)2.5m(7.8m)3.4m10.4m(14.2m)
USDY, 2018

Debt/Equity

0.1 x

Debt/Assets

0.1 x

Financial Leverage

2.3 x
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ITT Corporation Operating Metrics

ITT Corporation's Backlog was reported to be $869.7m in FY, 2017.
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ITT Corporation Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
AxtoneJanuary 26, 2017$118 m
Wolverine Advanced Materials LLCOctober 15, 2015
Hartzell AerospaceApril 01, 2015
ITT Bornemann GmbHNovember 28, 2012€206 m
ITT Blakers PTY LtdNovember 02, 2011
YSI IncorporatedJuly 11, 2011
O.I. CorporationSeptember 17, 2010
Nova AnalyticsFebruary 18, 2010
EDO CorporationDecember 20, 2007$1.70 b
International Motion Control Inc.September 10, 2007$395 m
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ITT Corporation Revenue Breakdown

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ITT Corporation revenue breakdown by business segment: 59.3% from Motion Technologies and 40.7% from Industrial Process

ITT Corporation revenue breakdown by geographic segment: 32.8% from Other Emerging Markets, 19.2% from Other Developed Markets, 15.1% from Germany and 33.0% from United States

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ITT Corporation Online and Social Media Presence

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ITT Corporation News and Updates

Future Growth Analysis of Brake Pads Market Presented in New Report, featuring companies like Federal Mogul, BOSCH, TRW(ZF), Nisshinbo Group company, MAT Holdings, ITT Corporation, ATE, Hoenywell, Acdelco, Akebono, Delphi Automotive, BREMBO, Sangsin Brakewdxefcqufszuzezftuxetqsqxt

This study focuses on the production side and consumption side of Brake Pads, presents the global Brake Pads market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025. Posted via Industry Today. Follow us on Twitter @IndustryToday
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ITT Corporation Company Life and Culture

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ITT Corporation Frequently Asked Questions

  • When was ITT Corporation founded?

    ITT Corporation was founded in 1920.

  • Who are ITT Corporation key executives?

    ITT Corporation's key executives are Denise L. Ramos, Vicky Creamer and Mary Beth Gustafsson.

  • How many employees does ITT Corporation have?

    ITT Corporation has 10,000 employees.

  • What is ITT Corporation revenue?

    Latest ITT Corporation annual revenue is $2.6 b.

  • What is ITT Corporation revenue per employee?

    Latest ITT Corporation revenue per employee is $258.5 k.

  • Who are ITT Corporation competitors?

    Competitors of ITT Corporation include Snap-On, Addtech and CIRCOR International.

  • Where is ITT Corporation headquarters?

    ITT Corporation headquarters is located at 1133 Westchester Ave, White Plains.

  • Where are ITT Corporation offices?

    ITT Corporation has offices in White Plains, Greensboro, Chicago, The Woodlands and in 26 other locations.

  • How many offices does ITT Corporation have?

    ITT Corporation has 30 offices.