Itt Inc (ITT) Q1 2016 10-Q Quarterly Earnings

Short answer

Itt Inc (ITT) filed its Q1 2016 10-Q quarterly report on May 5, 2016 for the quarter ended Mar 31, 2016.

AI summary of MD&A and risk factor updates

Revenue $609.1, up 3.5% YoY from $588.7, with organic revenue down 2.5%
Operating margin 8.4% vs 9.8% YoY, gross margin 32.1% vs 33.8%
Best segment Motion Technologies: revenue $257.0, up 34.4%; worst Industrial Process: revenue $208.8, down 18.3%
Operating cash flow $5.7 vs $8.2 YoY; capital expenditures $21.0 vs $30.0, net cash increased $15.2
Persistent macro volatility, low oil and gas prices, mining weakness and foreign exchange headwinds; continued cost controls and automotive capacity investment

No material changes in Risk Factors section, which directs readers to the 2015 Form 10-K
Regulatory risk: tax examinations across Canada, Germany, Hong Kong, Italy, Mexico, South Korea, U.S. and Venezuela
Legal risk: asbestos-related liabilities $957.0 million at March 31, 2016
Operational risk: Industrial Process revenue declined to $208.8 million from $255.6 million
Financial risk: commercial paper increased to $123.0 million, with maturities less than one month

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

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