10-Q quarterly report · filed May 8, 2017

Itt Inc (ITT) Q1 2017 10-Q Quarterly Report

Short answer

Itt Inc (ITT) filed its Q1 2017 10-Q quarterly report on May 8, 2017 for the quarter ended Mar 31, 2017.

Itt Inc Q1 2017 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $625.8M, up 2.7% YoY from $609.1M
  • Gross margin 32.3% vs 32.1%; operating margin 8.9% vs 8.4%
  • Best segment: Motion Technologies revenue $287.3M, up 11.8%; worst: Industrial Process $186.1M, down 10.9%
  • Operating cash flow $27.1M vs $5.7M; Axtone acquisition used $113.7M and capital expenditures reached $36.7M
  • 2017 headwinds: oil and currency uncertainty, pricing pressure, commodity costs, U.S. policy uncertainty; planned restructuring actions of approximately $30M

Risk Factors

  • No material changes to risk factors disclosed in the 2016 Annual Report
  • Carried-forward risks: 2016 Annual Report risk factors incorporated by reference without additional detail

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

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