Itt Inc (ITT) Q2 2016 10-Q Quarterly Earnings

Short answer

Itt Inc (ITT) filed its Q2 2016 10-Q quarterly report on Aug 4, 2016 for the quarter ended Jun 30, 2016.

AI summary of MD&A and risk factor updates

Revenue $626.2M, down 0.3% YoY from $628.2M, with organic revenue down 6.3%
Operating margin 7.9% vs 26.2% YoY, net income $32.8M vs $142.3M
Best segment Motion Technologies revenue $259.6M, up 40.8%, operating income $48.9M, up 32.2%
Worst segment Industrial Process revenue $214.2M, down 25.5%, operating margin 2.9% vs 14.4%
Operating cash flow $71.6M, down from $89.5M; share repurchases $20.0M and dividends increased 4.8%
Second-half headwinds: oil and gas volatility, lower Industrial Process aftermarket orders, delayed projects and seasonal Motion Technologies volume decline

No risk-factor disclosure provided: text is an Excess Savings Plan document, not a 10-Q Risk Factors section
Participant-credit risk: plan benefits constitute general unsecured obligations of ITT
Investment risk: participant accounts are hypothetical and tied to Stable Value Fund performance
Regulatory compliance risk: plan intended to comply with Internal Revenue Code Section 409A
Liquidity risk: change-in-control payments due within 90 days as a lump sum

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

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