10-Q quarterly report · filed Nov 1, 2019

Itt Inc (ITT) Q3 2019 10-Q Quarterly Report

Short answer

Itt Inc (ITT) filed its Q3 2019 10-Q quarterly report on Nov 1, 2019 for the quarter ended Sep 30, 2019.

Itt Inc Q3 2019 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $711.9M, up 4.6% YoY from $680.6M, organic revenue up 3.6%
  • Operating margin 21.4% vs 20.2% YoY, gross margin 32.5% vs 33.3%
  • Best segment: Industrial Process revenue $240.3M, up 17.2%; worst: Motion Technologies revenue $304.5M, down 1.9%
  • Operating cash flow $221.7M year-to-date vs $246.6M, acquisitions $113.1M and capital expenditures $69.3M
  • Headwinds: lower orders, project delays, weaker oil and gas demand, commodity costs and tariffs remained uncertain

Risk Factors

  • No material changes: 2018 Annual Report risk factors remain applicable
  • Regulatory and legal exposure: 2018 Annual Report risks carried forward
  • Operational and competitive exposure: 2018 Annual Report risks carried forward
  • Financial and liquidity exposure: 2018 Annual Report risks carried forward

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

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