10-Q quarterly report · filed Oct 30, 2015

Itt Inc (ITT) Q3 2015 10-Q Quarterly Report

Short answer

Itt Inc (ITT) filed its Q3 2015 10-Q quarterly report on Oct 30, 2015 for the quarter ended Sep 30, 2015.

Itt Inc Q3 2015 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $601.9M, down 8.4% YoY from $657.1M, including $50.8M unfavorable currency impact
  • Operating margin 17.3% vs 18.2%; gross margin 32.4% vs 33.5%
  • Best segment Motion Technologies: organic revenue up 4.1% to $179.9M; worst Interconnect Solutions: revenue down 15.9% to $82.8M
  • Operating cash flow $147.1M, up 11.5% YoY; investing outflow $111.4M included $53.5M Hartzell acquisition
  • Headwinds: oil and gas weakness, industrial slowdown, rail softness, aerospace order declines, and Interconnect relocation disruptions

Risk Factors

  • No material changes from 2014 Annual Report risk factors
  • Carried-forward risks include operational, competitive, regulatory, liquidity, and market exposures

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

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