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.

TypePublic
HQWhite Plains, US
Founded1920
Size (employees)10,000 (est)+6%
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

Orlando D. Ashford

Orlando D. 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 C. Fanandakis

Nicholas C. Fanandakis

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

Christina A. Gold

Former Chief Executive Officer, the Western Union Company
Richard P. Lavin

Richard P. 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 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

Revenue (Q2, 2018)

696.8m

Gross profit (Q2, 2018)

226.0m

Gross profit margin (Q2, 2018), %

32.4%

Net income (Q2, 2018)

69.9m

EBIT (Q2, 2018)

80.3m

Market capitalization (15-Oct-2018)

4.6b

Closing stock price (15-Oct-2018)

52.4

Cash (30-Jun-2018)

449.6m

EV

4.4b
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
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

588.7m628.2m601.9m609.1m626.2m581.7m625.8m630.9m645.0m689.3m696.8m

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
USDQ1, 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

287.6m294.9m299.7m301.3m299.3m305.1m311.5m314.9m327.9m404.9m393.5m

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, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 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

EV/EBIT

54.2 x

EV/CFO

36.5 x

EV/FCF

59.7 x

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

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ITT Corporation Company Life and Culture

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