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ITT INC   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2024202320222021202020192018201720162015
Period End Date12/31/202412/31/202312/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/2015
Service revenues--------------------
Product sales--------------------
Revenue3,630.703,283.002,987.702,765.002,477.802,846.402,745.102,585.302,405.402,485.60
Sales and revenues3,630.703,283.002,987.702,765.002,477.802,846.402,745.102,585.302,405.402,485.60
Costs of sales and revenues--------------1,768.101,647.201,676.50
Costs of product sales--------------------
Costs of service revenues2,383.402,175.702,065.401,865.501,695.601,936.301,857.90------
Gross Profit1,247.301,107.30922.30899.50782.20910.10887.20817.20758.20809.10
Goodwill impairment--------------------
Goodwill amortization expense--------------------
Research, development, and engineering expenses116.30102.6096.5094.9084.9097.9098.4093.7080.8078.90
Selling, general, and administrative expenses296.60302.60211.60214.30200.70254.10259.10264.00274.10258.30
Sales and marketing expenses205.70174.00156.90150.80146.50165.90168.20169.70170.00183.20
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)(91.40)
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 businesses47.80------------------
Operating (loss) income676.00528.20468.00504.30226.50411.40397.30309.70258.90380.10
Interest expense36.6010.406.40--(0.70)(3.00)6.300.300.50--
Gain on sale of investments--------------------
Interest income6.60----1.10----------2.20
Other non-operating income, net1.60------------------
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 taxes647.60519.50461.80509.1085.20414.40391.00309.40258.40382.30
Pre-Tax Income - U.S------------114.40--87.50--
Current- U.S. Federal45.7041.3032.6021.109.90--6.307.704.30(8.50)
Current- Foreign94.7085.6054.4050.2050.80--58.2038.6051.1052.90
Deferred: Foreign(9.70)(10.80)--3.30(2.50)--(21.90)36.70(3.40)(12.30)
Deferred- U.S. Federal(6.40)(14.10)(0.20)96.90(36.60)--7.40105.9026.4031.90
Current: State and local6.005.501.202.60(1.50)--7.901.30(0.30)0.10
Deferred: State and Local(4.50)(2.70)3.1015.50(4.80)--(0.20)4.40(2.10)6.00
Income tax expense (benefit)125.80104.8091.10189.6015.3089.9057.70194.6076.0070.10
Income from Continuing Operations521.80414.70370.70319.5069.90324.50333.30114.80182.40312.20
Income (loss) from discontinued operations, net of tax(0.10)(0.90)(1.30)1.504.001.701.30(1.50)4.2039.40
Income (loss) from discontinued operations, including a tax benefit--------------------
Cumulative effect of change in accounting principle, net of tax benefit--------------------
Net Income (Loss)521.70413.80369.40321.0073.90326.20334.60113.30186.60351.60
Income attributable to non-controlling interest3.403.302.404.701.401.100.90(0.20)0.50(0.20)
Net Income (Loss) Available to Common Shareholders518.30410.50367.00316.3072.50325.10333.70113.50186.10351.80
Income from continuing operations: Basic6.345.004.423.660.793.693.791.302.043.48
Discontinued operations: Basic0.00(0.01)(0.02)0.020.050.020.02(0.01)0.050.44
Cumulative effect of change in accounting principle: Basic--------------------
Net income: Basic6.344.994.403.680.843.713.811.292.093.92
Income from continuing operations: Diluted6.304.974.403.640.783.653.751.292.023.44
Discontinued operations: Diluted0.00(0.01)(0.02)0.020.050.020.01(0.01)0.050.44
Cumulative effect of change in accounting principle: Diluted--------------------
Net income: Diluted6.304.964.383.660.833.673.761.282.073.88
Average Common Shares -- Basic81.8082.3083.4086.0086.7087.7087.7088.3089.2089.80
Average Common Shares -- Diluted82.3082.7083.7086.5087.3088.6088.7089.0089.9090.70