Ticker
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Period
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To
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ITT INC   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2025202420232022202120202019201820172016
Period End Date12/31/202512/31/202412/31/202312/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Service revenues--------------------
Product sales--------------------
Revenue3,938.503,630.703,283.002,987.702,765.002,477.802,846.402,745.102,585.302,405.40
Sales and revenues3,938.503,630.703,283.002,987.702,765.002,477.802,846.402,745.102,585.302,405.40
Costs of sales and revenues----------------1,768.101,647.20
Costs of product sales--------------------
Costs of service revenues2,546.102,383.402,175.702,065.401,865.501,695.601,936.301,857.90----
Gross Profit1,392.401,247.301,107.30922.30899.50782.20910.10887.20817.20758.20
Goodwill impairment--------------------
Goodwill amortization expense--------------------
Research, development, and engineering expenses110.80116.30102.6096.5094.9084.9097.9098.4093.7080.80
Selling, general, and administrative expenses368.40296.60302.60211.60214.30200.70254.10259.10264.00274.10
Sales and marketing expenses228.70205.70174.00156.90150.80146.50165.90168.20169.70170.00
Reversal of restructuring charge--------9.60----------
Restructuring and asset impairment charges------3.80--43.00--------
Asbestos-related costs, net--------(74.40)66.30(20.20)4.90(19.90)(25.60)
Asset impairment charges------(1.80)--(16.30)--------
Gain on sale of long-lived assets--(0.50)0.1016.30--2.00(1.00)40.70----
Transformation Costs--------------------
Gain on sale of businesses--47.80----------------
Operating (loss) income684.50676.00528.20468.00504.30226.50411.40397.30309.70258.90
Interest expense48.1036.6010.406.40--(0.70)(3.00)6.300.300.50
Gain on sale of investments--------------------
Interest income10.706.60----1.10----------
Other non-operating income, net4.401.60----------------
Miscellaneous (expense) income----1.701.302.402.20--------
Non-operating postretirement costs------(1.10)1.30(144.20)--------
Pre-Tax Income - Foreign--------------276.60--170.90
Income from continuing operations before income taxes651.50647.60519.50461.80509.1085.20414.40391.00309.40258.40
Pre-Tax Income - U.S--------------114.40--87.50
Current- U.S. Federal40.7045.7041.3032.6021.109.90--6.307.704.30
Current- Foreign112.4094.7085.6054.4050.2050.80--58.2038.6051.10
Deferred: Foreign(1.00)(9.70)(10.80)--3.30(2.50)--(21.90)36.70(3.40)
Deferred- U.S. Federal4.10(6.40)(14.10)(0.20)96.90(36.60)--7.40105.9026.40
Current: State and local2.406.005.501.202.60(1.50)--7.901.30(0.30)
Deferred: State and Local1.50(4.50)(2.70)3.1015.50(4.80)--(0.20)4.40(2.10)
Income tax expense (benefit)160.10125.80104.8091.10189.6015.3089.9057.70194.6076.00
Income from Continuing Operations491.40521.80414.70370.70319.5069.90324.50333.30114.80182.40
Income (loss) from discontinued operations, net of tax(0.10)(0.10)(0.90)(1.30)1.504.001.701.30(1.50)4.20
Income (loss) from discontinued operations, including a tax benefit--------------------
Cumulative effect of change in accounting principle, net of tax benefit--------------------
Net Income (Loss)491.30521.70413.80369.40321.0073.90326.20334.60113.30186.60
Income attributable to non-controlling interest3.303.403.302.404.701.401.100.90(0.20)0.50
Net Income (Loss) Available to Common Shareholders488.00518.30410.50367.00316.3072.50325.10333.70113.50186.10
Income from continuing operations: Basic6.156.345.004.423.660.793.693.791.302.04
Discontinued operations: Basic0.000.00(0.01)(0.02)0.020.050.020.02(0.01)0.05
Cumulative effect of change in accounting principle: Basic--------------------
Net income: Basic6.156.344.994.403.680.843.713.811.292.09
Income from continuing operations: Diluted6.116.304.974.403.640.783.653.751.292.02
Discontinued operations: Diluted0.000.00(0.01)(0.02)0.020.050.020.01(0.01)0.05
Cumulative effect of change in accounting principle: Diluted--------------------
Net income: Diluted6.116.304.964.383.660.833.673.761.282.07
Average Common Shares -- Basic79.4081.8082.3083.4086.0086.7087.7087.7088.3089.20
Average Common Shares -- Diluted79.9082.3082.7083.7086.5087.3088.6088.7089.0089.90