Itt Inc (ITT) Q3 2017 10-Q Quarterly Earnings

Short answer

Itt Inc (ITT) filed its Q3 2017 10-Q quarterly report on Nov 2, 2017 for the quarter ended Sep 30, 2017.

AI summary of MD&A and risk factor updates

Revenue $645.0, up 10.9% YoY from $581.7, with organic growth of 4.8%
Operating margin 19.8% vs 23.2% YoY, gross margin 31.5% vs 31.6%
Best segment: Motion Technologies revenue $300.1, up 25.7%; worst: Connect & Control Technologies revenue $149.4, up 0.3%
Operating cash flow $178.4 vs $146.7 year-to-date; Axtone acquisition used $113.7 and capital expenditures increased $11.1
Headwinds: commodity costs, aerospace weakness, and military connector QPL removal affecting estimated annual sales of $8 to $10

No material risk-factor changes from the 2016 10-K
Regulatory risk: DOJ Criminal Division investigation added to existing civil inquiry involving military connector products
Competitive and operational risk: DLA removed six military-specification connectors from QPL, affecting estimated annual sales of $8 to $10
Legal risk: Asbestos exposure remained $501.2 net, with approximately 27 thousand pending claims
Financial risk: $130.9 commercial paper outstanding, with maturities less than one month from issuance

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

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