Itt Inc (ITT) Q2 2017 10-Q Quarterly Earnings

Short answer

Itt Inc (ITT) filed its Q2 2017 10-Q quarterly report on Aug 4, 2017 for the quarter ended Jun 30, 2017.

AI summary of MD&A and risk factor updates

Revenue $630.9, up 0.8% YoY from $626.2, with organic revenue down 1.9%
Operating margin 9.1% vs 7.9% YoY, gross margin 32.4% vs 32.8%
Best segment Motion Technologies: revenue $290.1, up 11.7%; worst Industrial Process: $192.3, down 10.2%
Operating cash flow $92.7 vs $71.6; investing outflow $164.5, including $113.7 Axtone acquisition
Outlook: approximately $20 restructuring actions planned; headwinds from pricing pressure, commodity costs, market volatility and connectors uncertainty

No material risk-factor changes identified in provided filing text
Tax examinations: Canada, Germany, Hong Kong, Italy, Mexico, U.S., and Venezuela audits could change unrecognized tax benefits by approximately $17
Asbestos liabilities: $866.0 million balance remained exposed to payment and recovery-estimate uncertainty
Industrial Process market weakness: declining oil and gas conditions continued driving restructuring actions
Liquidity: cash declined to $355.3 million while short-term loans and current debt maturities totaled $204.1 million

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

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