10-Q quarterly report · filed May 1, 2015

Itt Inc (ITT) Q1 2015 10-Q Quarterly Report

Short answer

Itt Inc (ITT) filed its Q1 2015 10-Q quarterly report on May 1, 2015 for the quarter ended Mar 31, 2015.

Itt Inc Q1 2015 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $588.7, down 12.7% YoY from $674.5, including $50.6 foreign-currency impact
  • Operating margin 9.8% vs 7.2%; net income $42.1, up 30.7% from $32.2
  • Best segment: Motion Technologies revenue $191.2, organic growth 2.8%, operating margin 21.4% vs 18.5%
  • Worst segment: Interconnect Solutions revenue $77.5, down 22.5%, operating margin 6.2% vs negative 3.0%
  • Operating cash flow $8.2 vs negative $13.2; share repurchases approximately $80 and capital expenditures $30.0
  • Near-term headwinds: industrial and oil-and-gas weakness, unfavorable currency, connector relocation disruptions; additional $20 repurchases expected in 2015

Risk Factors

  • No material changes from 2014 Annual Report risk factors
  • Carried-forward risks incorporated by reference from the 2014 Annual Report

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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