ITT INC.

Listed Company

ITTCIK 0000216228NYSELarge AcceleratedPumps & Pumping EquipmentFY ends Dec 31

Period

FY 2025

Revenue

$3.94B

Net Income

$488.00M

Total Assets

$6.31B

Equity

$4.08B

Shares Out

86.00M

Op. Cash Flow

$668.80M

Business

ITT Inc. is a diversified manufacturer of highly engineered critical components and customized technology solutions for transportation, industrial and energy markets. It produces brake pads, shock absorbers, pumps, valves, connectors, cable assemblies, actuation and flow control products, and provides aftermarket services, plant optimization, monitoring systems and engineered solutions. The company operates through three primary segments: Motion Technologies (brakes, dampers, rail), Industrial Process (pumps, valves, aftermarket services) and Connect & Control Technologies (connectors, cable assemblies, control products). ITT sells globally across OEM, aftermarket, distributor and direct sales channels in approximately 125 countries, with manufacturing and service footprints across multiple regions.

Summary from filing dated 2025-02-10

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	3,939	3,631	3,283	2,988	2,765
Costs of revenue	2,546	2,381	2,173	2,065	1,866
Gross profit	1,392	1,249	1,110	922	900
General and administrative expenses	368	297	294	217	231
Sales and marketing expenses	229	206	174	157	151
Research and development expenses	111	116	103	97	95
(Gain) loss on sale of businesses	0	48	−8	0	—
Operating income	685	678	531	468	504
Interest expense	48	37	19	11	—
Interest income	11	7	9	5	—
Other non-operating income, net	−4	−2	−2	−200,000	−4
Income from continuing operations before income tax	652	650	522	462	509
Income tax expense	160	126	105	91	190
Income from continuing operations	491	523	416	371	320
Loss from discontinued operations, net of tax benefit of $0.0, $0.0, and $0.3, respectively	−100,000	−100,000	−900,000	−1	2
Net income	491	523	416	369	321
Less: Income attributable to noncontrolling interests	3	3	3	2	5
Net income attributable to ITT Inc.	488	520	412	367	316
Income from continuing operations, net of tax	488	520	413	368	315
Continuing operations	6.15	6.36	5.02	4.42	3.66
Discontinued operations	0	0	−0.01	−0.02	0.02
Net income (per share)	6.15	6.36	5.01	4.4	3.68
Continuing operations	6.11	6.32	5	4.4	3.64
Discontinued operations	0	0	−0.02	−0.02	0.02
Net income (per share)	6.11	6.32	4.98	4.38	3.66
Weighted average common shares basic	79	82	82	83	86
Weighted average common shares diluted	80	82	83	84	87

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	1,743	439	489	561	648
Receivables, net	756	703	675	629	555
Inventories	672	612	575	534	431
Other current assets	183	131	118	113	89
Total current assets	3,354	1,886	1,858	1,837	1,722
Plant, property and equipment, net	627	577	561	527	509
Goodwill(a)	1,511	1,430	1,016	965	924
Other intangible assets, net	433	454	117	113	86
Other non-current assets	385	384	381	339	324
Total non-current assets	2,956	2,846	2,075	1,944	1,843
Total assets	6,310	4,731	3,933	3,780	3,565
Short-term borrowings	261	428	188	451	198
Accounts payable	465	458	437	401	373
Accrued and other current liabilities	572	447	413	333	357
Total current liabilities	1,298	1,333	1,038	1,186	928
Non-current maturities of long-term debt	522	233	6	—	—
Postretirement benefits	120	119	139	137	200
Other non-current liabilities	279	261	211	200	207
Total non-current liabilities	921	612	356	337	406
Total liabilities	2,219	1,946	1,394	1,523	1,335
Common Stock: Authorized 250.0 shares, $1 par value per share, Issued and Outstanding 85.9 and 81.5, respectively	86	82	82	83	86
Capital in excess of par value	1,314	0	—	—	—
Retained earnings	2,987	3,116	2,778	2,510	2,462
Postretirement benefits	0	3	−2	4	−41
Cumulative translation adjustments	−303	−422	−330	−348	−281
Total accumulated other comprehensive loss	−303	−418	−332	−344	—
Total ITT Inc. shareholders' equity	4,084	2,779	2,528	2,248	2,226
Noncontrolling interests	7	7	11	9	5
Total shareholders equity	4,091	2,786	2,554	2,270	2,231
Total liabilities and shareholders equity	6,310	4,731	3,933	3,780	3,565

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	143	137	109	107	113
Equity-based compensation	36	26	20	18	17
Deferred income tax expense (benefit)	5	−21	−28	3	116
Other non-cash charges, net	34	31	29	29	28
Change in receivables	−10	−43	−39	−91	−62
Change in inventories	−25	0	−37	−100	−83
Change in contract assets	−16	−8	−300,000	−7	−3
Change in contract liabilities	42	−900,000	23	23	−4
Change in accounts payable	−19	2	26	39	78
Change in accrued expenses	56	−11	48	−37	16
Change in income taxes	−16	−2	6	−14	8
Other, net	−50	−21	−41	−47	−68
Net Cash Operating activities	669	563	538	278	−8
Capital expenditures	−121	−124	−108	−104	−88
Proceeds from government incentives	8	0	0	—	—
Proceeds from sale of business	0	178	12	0	0
Acquisitions, net of cash acquired	−7	−865	−79	−147	0
Payments to acquire interest in unconsolidated subsidiaries	−2	−3	−3	−26	−2
Other, net	2	−5	−3	400,000	0
Net Cash Investing activities	−120	−818	−181	−255	−82
Commercial paper, net borrowings	−212	240	−266	260	95
Long-term debt issued, net of debt issuance costs	749	764	0	0	0
Long-term debt repayments	−462	−537	−2	−2	−2
Share repurchases under repurchase plan	−521	−105	−60	−245	−105
Payments for taxes related to net share settlement of stock incentive plans	−14	−14	−7	−9	−12
Dividends paid	−111	−105	−96	−88	−76
Proceeds from issuance of common stock	1,314	0	0	—	1
Other, net	−14	−8	−1	1	−500,000
Net Cash Financing activities	729	235	−432	−83	−100
Exchange rate effects on cash and cash equivalents	26	−29	4	−26	−23
Net cash from discontinued operations operating activities	−500,000	−500,000	−300,000	100,000	800,000
Net change in cash and cash equivalents	1,304	−50	−72	−86	−212
Cash paid for Interest	42	33	16	11	3
Cash paid for Income taxes, net of refunds received	152	129	113	93	61
Capital expenditures included in accounts payable	17	31	25	22	18

Filings

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