ITT INC. SEC 10-Q Report

ITT Inc., a diversified manufacturer of highly engineered critical components and customized technology solutions for the energy, transportation, and industrial markets, has released its Form 10-Q report for the third quarter. The report highlights robust financial performance and significant operational achievements, underscoring the company's resilience and strategic growth initiatives.

Financial Highlights

Total Revenue: $972.4 million, increased by 7.3% compared to the prior year, driven by pump project shipments in IP, aerospace and industrial connectors demand, and pricing actions in CCT.

Gross Profit: $346.8 million, reflecting a gross margin of 35.7%, up from 35.0% in the prior year, primarily due to benefits from pricing actions and productivity savings.

Operating Income: $175.1 million, a 9.6% increase from the prior year, attributed to higher volumes, pricing actions, and contributions from recent acquisitions.

Net Income: $121.0 million, a slight increase of 1.1% from the previous year, despite higher interest and income tax expenses.

Diluted EPS: $1.52, an increase of $0.07 compared to the prior year, primarily due to higher operating income and a lower weighted-average share count.

Business Highlights

Segment Revenue Performance: Motion Technologies (MT) experienced a decrease in revenue due to the divestiture of Wolverine, offset by growth in Friction original equipment and KONI rail shipments. Industrial Process (IP) saw revenue growth driven by pump project shipments and pricing actions. Connect & Control Technologies (CCT) reported significant revenue increases due to the acquisition of kSARIA and growth in aerospace and defense connectors.

Geographical Performance: The company benefited from foreign currency translation, which positively impacted revenue growth across segments, particularly in Motion Technologies and Industrial Process.

Sales Units and Production Volumes: The report highlights increased demand and production volumes in Friction original equipment and KONI rail within the Motion Technologies segment, contributing to organic revenue growth.

Future Outlook: The company anticipates continued benefits from pricing actions and productivity savings, while managing challenges related to inflationary pressures and geopolitical uncertainties. The acquisition of kSARIA is expected to further strengthen the CCT segment's market position.

SEC Filing: ITT INC. [ ITT ] - 10-Q - Jul. 31, 2025