10-Q quarterly report · filed Nov 4, 2016

Itt Inc (ITT) Q3 2016 10-Q Quarterly Report

Short answer

Itt Inc (ITT) filed its Q3 2016 10-Q quarterly report on Nov 4, 2016 for the quarter ended Sep 30, 2016.

Itt Inc Q3 2016 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $581.7, down 3.4% YoY from $601.9, with organic revenue down 9.5%
  • Consolidated operating margin 23.2% vs 17.3% YoY, driven partly by a $68.1 asbestos-related benefit
  • Best segment Motion Technologies: revenue $238.7, up 32.7%; worst Industrial Process: revenue $195.0, down 27.9%, margin 2.2% vs 12.6%
  • Operating cash flow $146.7 vs $147.1; share repurchases $66.6 through nine months and nearly $50 in the quarter
  • Near-term headwinds: persistent macro volatility, low oil and gas prices, delayed customer spending, pricing pressure and potential restructuring or impairment charges

Risk Factors

  • No material changes to risk factors disclosed in the 2015 Annual Report
  • Carried-forward risks: operational, regulatory, competitive and financial exposures remain applicable

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

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