10-Q quarterly report · filed Nov 2, 2018

Itt Inc (ITT) Q3 2018 10-Q Quarterly Report

Short answer

Itt Inc (ITT) filed its Q3 2018 10-Q quarterly report on Nov 2, 2018 for the quarter ended Sep 30, 2018.

Itt Inc Q3 2018 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $680.6, up 5.5% YoY from $645.0, with organic growth of 6.6%
  • Gross margin 33.3% vs 31.6%; operating margin 20.2% vs 20.6%; net income $110.9 vs $86.9
  • Best segment: Connect & Control Technologies revenue $166.0, up 11.1%, margin 15.7% vs 12.0%
  • Worst segment: Motion Technologies orders $314.2, down 2.9%; Wolverine organic revenue declined 4%
  • Operating cash flow $246.6 for nine months vs $178.3; $50 share repurchases and $40 sale proceeds
  • Headwinds: tariffs, higher commodity costs, QPL uncertainty, and potential Russia sanctions impact up to $15 annual revenue

Risk Factors

  • No material changes to risk factors reported since the 2017 Annual Report
  • Carried-forward risks remain incorporated by reference from the 2017 Annual Report

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

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