ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the energy, transportation, and industrial markets. The Company's product and service offerings are organized in four businesses. They are industrial process, motion technologies, interconnect solutions and control technologies.


Type
Public
HQ
White Plains, US
Founded
1920
Size (employees)
9,500 (est)+2%
Website
itt.com
ITT Corporation was founded in 1920 and is headquartered in White Plains, US
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Key People/Management at ITT Corporation

Orlando Ashford

Orlando Ashford

President, Holland America Line
Geraud Darnis

Geraud Darnis

Former President and Chief Executive Officer, UTC Building & Industrial Systems
Donald Defosset

Donald Defosset

Former Chairman, President & Chief Executive Officer of Walter Industries Inc
Nicholas Fanandakis

Nicholas Fanandakis

Executive Vice President and Chief Financial Officer, E. I. Du Pont De Nemours and Company
Christina Gold

Christina Gold

Former Chief Executive Officer, the Western Union Company
Richard Lavin

Richard Lavin

Chief Executive Officer and President, Commercial Vehicle Group, Inc
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ITT Corporation Office Locations

ITT Corporation has offices in Wuxi, México D.F., Greensboro, Chicago and in 26 other locations
White Plains, US (HQ)
1133 Westchester Ave
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ITT Corporation Financials and Metrics

ITT Corporation Financials

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

Revenue (FY, 2017)

2.6 b

Revenue growth (FY, 2016 - FY, 2017), %

7.5%

Gross profit (FY, 2017)

817.2 m

Gross profit margin (FY, 2017), %

31.6%

Net income (FY, 2017)

113.3 m

EBIT (FY, 2017)

309.7 m

Market capitalization (21-May-2018)

4.8 b

Closing share price (21-May-2018)

55.2
ITT Corporation's current market capitalization is $4.8 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

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

Revenue growth, %

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

Cost of goods sold

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

Gross profit

799.8 m866.4 m809.1 m758.2 m817.2 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

588.7 m628.2 m601.9 m609.1 m626.2 m581.7 m625.8 m630.9 m645 m

Cost of goods sold

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

Gross profit

199 m213.9 m194.9 m195.3 m205.6 m183.9 m202.3 m204.4 m203.1 m

Gross profit Margin, %

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

Cash

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

Accounts Receivable

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

Inventories

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

Current Assets

1.7 b1.6 b1.5 b1.4 b1.5 b
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

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

Accounts Receivable

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

Inventories

287.6 m294.9 m299.7 m301.3 m299.3 m305.1 m311.5 m314.9 m327.9 m

Current Assets

1.6 b1.6 b1.6 b1.6 b1.5 b1.5 b1.4 b1.4 b1.5 b173 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

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

Depreciation and Amortization

86.9 m88.3 m90 m102 m105.3 m

Inventories

(11 m)(3.1 m)31.5 m(7.2 m)14.2 m

Accounts Payable

4.5 m(5.8 m)11 m700 k16.8 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

42 m184.4 m315.1 m37.3 m70.3 m160.5 m45.6 m93.5 m180.4 m

Depreciation and Amortization

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

Inventories

3.6 m2 m(6.3 m)(4 m)(3.7 m)(8.9 m)(1.6 m)2.3 m4.2 m

Accounts Payable

(500 k)4.5 m(400 k)(14.8 m)(4.3 m)(16.2 m)2.5 m(7.8 m)3.4 m
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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
Axtone January 26, 2017$118 m
Wolverine Advanced Materials LLC October 15, 2015
Hartzell Aerospace April 01, 2015
ITT Bornemann GmbH November 28, 2012€206 m
ITT Blakers PTY Ltd November 02, 2011
YSI Incorporated July 11, 2011
O.I. Corporation September 17, 2010
Nova Analytics February 18, 2010
EDO Corporation December 20, 2007$1.70 b
International Motion Control Inc. September 10, 2007$395 m
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ITT Corporation News and Updates

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