ITT INC. ITT Income Statement

Itt inc. (ITT)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08
Product revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,052,000	2,128,000	1,953,000	-	2,036,000	2,129,000	1,966,000	2,249,800
Service revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	591,000	611,000	625,000	-	604,000	590,000	591,000	629,500
Revenue
663,300	719,100	711,900	719,900	695,500	678,400	680,600	696,800	689,300	683,600	645,000	630,900	625,800	588,400	581,700	626,200	609,100	666,800	601,900	628,200	588,700	660,000	657,100	663,000	674,500	645,500	634,000	609,200	608,200	554,300	547,500	557,900	568,100	484,300	515,900	552,400	533,000	-6,069,300	2,643,000	2,739,000	2,578,000	-6,146,000	2,640,000	2,719,000	2,557,000	2,879,300
Costs of product revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,357,000	1,421,000	1,307,000	-	1,349,000	1,438,000	1,371,000	1,521,900
Costs of service revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	518,000	537,000	553,000	-	531,000	512,000	517,000	546,700
Costs of revenue
453,900	491,100	480,600	487,900	476,700	467,900	454,100	470,800	465,100	475,600	441,200	425,900	422,700	412,300	397,800	420,600	413,800	465,500	407,000	414,300	389,700	443,100	437,200	448,200	459,700	436,900	431,100	411,400	417,700	380,900	381,300	387,500	397,900	338,500	360,700	376,400	365,000	-4,406,200	1,875,000	1,958,000	1,860,000	-4,511,000	1,880,000	1,950,000	1,888,000	-
Total Costs of Sales and Revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,068,600
Gross profit
209,400	228,000	231,300	232,000	218,800	210,500	226,500	226,000	224,200	208,000	203,800	205,000	203,100	176,100	183,900	205,600	195,300	201,300	194,900	213,900	199,000	216,900	219,900	214,800	214,800	208,600	202,900	197,800	190,500	173,400	166,200	170,400	170,200	145,800	155,200	176,000	168,000	-1,663,100	768,000	781,000	718,000	-1,635,000	760,000	769,000	669,000	810,700
General and administrative expenses
60,200	67,000	69,500	65,700	51,900	63,000	68,000	63,000	65,100	58,000	70,100	64,600	65,700	58,300	59,200	74,000	69,000	71,500	60,200	66,500	60,100	83,800	69,100	69,500	77,700	91,700	72,500	66,600	69,100	75,700	60,000	41,300	57,700	45,100	28,000	48,200	45,000	-	-	-	-	-	-	-	-	-
Sales and marketing expenses
41,600	41,400	41,600	42,700	40,200	40,500	40,800	43,400	43,500	41,300	41,300	43,800	43,100	41,100	39,400	46,000	43,300	44,000	43,100	48,800	47,300	54,300	53,500	56,300	55,300	54,200	52,700	57,500	51,800	45,900	41,600	45,800	47,100	35,100	43,600	43,900	41,000	-	-	-	-	-	-	-	-	-
Selling, general and administrative expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	396,000	375,000	378,000	-	381,000	389,000	383,000	415,400
Research and development expenses
22,700	24,800	23,800	25,800	23,500	23,700	24,200	25,800	24,700	25,500	23,000	22,600	22,400	21,600	18,600	21,100	19,200	23,700	18,000	18,900	18,300	20,200	20,100	18,600	17,700	18,400	16,100	16,400	16,400	14,900	15,100	16,600	16,100	14,700	15,800	17,000	16,000	-123,700	60,000	60,000	63,000	-115,000	58,000	57,000	53,000	60,700
Gain on sale of long-lived assets
-	-	-100	-	-	-	40,000	-	-	-	900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asbestos-related (benefit) costs, net
-40,700	11,600	-56,200	11,800	12,600	15,400	-4,300	13,500	-19,700	13,100	-62,800	14,900	14,900	14,700	-68,100	15,000	12,800	8,300	-30,300	-84,800	15,400	14,700	-42,500	15,900	15,800	16,300	-15,400	15,900	16,000	15,800	12,800	9,700	12,600	72,700	59,300	-15,600	-16,000	722,800	-341,000	-12,000	15,000	-461,000	223,000	0	0	1,600
Asset impairment charges
16,300	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transformation costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	311,600	19,800	4,700	60,000	-	0	0	0	-	-	-	-	-
Restructuring and asset impairment charges, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,000	10,000	17,000	3,000	9,000	20,000	11,000	5,000
Operating Income (Loss)
109,300	82,300	152,500	86,000	90,600	68,600	137,800	80,300	110,600	70,100	133,100	59,100	57,000	41,300	134,800	49,500	51,000	53,800	103,900	164,500	57,900	43,900	119,700	54,500	48,300	28,000	77,000	41,400	37,200	21,100	36,700	57,000	36,700	-270,200	-11,300	46,600	-10,000	-717,600	-32,000	324,000	245,000	-735,000	89,000	303,000	222,000	328,000
Interest and non-operating expenses (income), net
-600	-4,300	400	400	500	10,300	-700	-1,500	-1,800	18,100	-5,500	-500	-2,200	19,700	-300	500	-1,700	-4,700	4,000	-300	-1,200	6,700	-700	-500	-1,100	500	-2,300	2,200	2,700	-	-5,000	3,400	1,600	-	22,500	18,200	25,000	-	16,000	19,000	26,000	-	-	-	-	-
Interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,000	25,000	23,000	26,000	29,300
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,000	14,000	4,000	4,000	8,300
Miscellaneous expense (income), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,000	3,000	3,000	3,000	3,900
Income from continuing operations before income tax expense
108,700	84,000	152,900	86,400	91,100	66,300	137,100	78,800	108,800	68,400	127,600	58,600	54,800	24,600	134,500	50,000	49,300	53,500	107,900	164,200	56,700	41,800	119,000	54,000	47,200	27,500	79,300	39,200	34,500	18,700	41,700	53,600	35,100	-275,500	-33,800	28,400	-35,000	-748,600	-48,000	305,000	219,000	-761,000	75,000	281,000	197,000	303,100
Income tax expense
24,700	16,800	34,100	19,300	19,700	15,300	25,900	8,900	7,600	134,300	40,600	10,600	9,100	700	46,100	17,500	11,700	17,100	11,400	23,500	18,100	7,900	38,000	12,400	13,000	15,400	-354,400	14,400	15,000	-3,400	-19,000	37,400	24,600	268,200	-4,300	9,700	-13,000	-236,200	-60,000	79,000	75,000	-199,000	11,000	81,000	10,000	98,600
Income from continuing operations
84,000	67,200	118,800	67,100	71,400	51,000	111,200	69,900	101,200	-65,900	87,000	48,000	45,700	23,900	88,400	32,500	37,600	36,400	96,500	140,700	38,600	33,900	81,000	41,600	34,200	12,100	433,700	24,800	19,500	22,100	60,700	16,200	10,500	-543,700	-29,500	18,700	-22,000	-512,400	12,000	226,000	144,000	-562,000	64,000	200,000	187,000	204,500
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,200	-528,700	108,500	169,700	121,000	275,300	145,000	238,000	146,000	185,000	59,000	201,000	184,000	216,300
Income from discontinued operations, net of tax
1,100	1,900	-100	-100	0	1,300	-100	0	100	-1,200	-100	-100	-100	2,200	1,800	500	-300	100	34,200	1,700	3,400	300	-300	-2,900	-1,000	300	-2,300	1,100	1,700	10,300	12,300	600	-7,300	15,000	138,000	151,000	143,000	787,700	133,000	12,000	2,000	747,000	-5,000	1,000	-3,000	11,800
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
85,100	69,100	118,700	67,000	71,400	52,300	111,100	69,900	101,300	-67,100	86,900	47,900	45,600	-	90,200	33,000	37,300	-	130,700	142,400	42,000	-	80,700	38,700	33,200	-	431,400	25,900	21,200	-	73,000	16,800	3,200	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Income attributable to noncontrolling interests
300	700	100	200	100	400	200	200	100	100	0	100	-400	300	100	200	-100	-200	0	100	-100	500	400	400	1,000	1,200	700	100	400	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to ITT Inc.
84,800	68,400	118,600	66,800	71,300	51,900	110,900	69,700	101,200	-67,200	86,900	47,800	46,000	25,800	90,100	32,800	37,400	36,700	130,700	142,300	42,100	33,700	80,300	38,300	32,200	11,200	430,700	25,800	20,800	-	73,000	16,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts attributable to ITT Inc.:
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent
83,700	66,500	118,700	66,900	71,300	50,600	111,000	69,700	101,100	-66,000	87,000	47,900	46,100	23,600	88,300	32,300	37,700	36,600	96,500	140,600	38,700	33,400	80,600	41,200	33,200	10,900	433,000	24,700	19,100	22,100	60,700	16,200	10,500	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations, net of tax
1,100	1,900	-100	-100	0	1,300	-100	0	100	-1,200	-100	-100	-100	2,200	1,800	500	-300	100	34,200	1,700	3,400	300	-300	-2,900	-1,000	300	-2,300	1,100	1,700	10,300	12,300	600	-7,300	15,000	138,000	151,000	143,000	787,700	133,000	12,000	2,000	747,000	-5,000	1,000	-3,000	11,800
Net income attributable to ITT Inc.
84,800	68,400	118,600	66,800	71,300	51,900	110,900	69,700	101,200	-67,200	86,900	47,800	46,000	25,800	90,100	32,800	37,400	36,700	130,700	142,300	42,100	33,700	80,300	38,300	32,200	11,200	430,700	25,800	20,800	-	73,000	16,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings per share attributable to ITT Inc.:
Basic:
Net income attributable to ITT Corporation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,200	-	108,500	169,700	121,000	275,300	145,000	238,000	146,000	185,000	59,000	201,000	184,000	216,300
Continuing operations
0.96	0.77	1.35	0.76	0.81	0.57	1.27	0.80	1.15	-0.75	0.99	0.54	0.52	0.27	0.99	0.36	0.42	0.41	1.08	1.57	0.42	0.37	0.88	0.45	0.36	0.09	4.79	0.27	0.21	0.25	0.65	0.17	0.11	-5.87	-0.32	0.20	-0.23	-3.50	0.07	1.23	0.78	-	0.35	1.09	1.02	1.12
Discontinued operations
0.01	-	-	-	0.00	-	-	-	-	-0.01	0.00	0.00	0.00	0.03	0.02	0.00	0.00	0.00	0.38	0.02	0.04	0.00	0.00	-0.03	-0.01	0.00	-0.03	0.02	0.02	0.10	0.14	0.01	-0.08	0.16	1.49	1.63	1.54	9.37	0.72	0.06	0.02	-	-0.03	0.01	-0.01	0.07
Net income
0.97	0.79	1.35	0.76	0.81	0.59	1.27	0.80	1.15	-0.76	0.99	0.54	0.52	0.30	1.01	0.36	0.42	0.41	1.46	1.59	0.46	0.37	0.88	0.42	0.35	0.09	4.76	0.29	0.23	0.35	0.79	0.18	0.03	-5.71	1.17	1.83	1.31	5.87	0.79	1.29	0.80	-	0.32	1.10	1.01	1.19
Diluted:
Continuing operations
0.95	0.76	1.34	0.75	0.80	0.57	1.25	0.79	1.14	-0.75	0.98	0.54	0.52	0.26	0.98	0.36	0.42	0.39	1.07	1.56	0.42	0.36	0.87	0.44	0.36	0.10	4.71	0.27	0.20	0.23	0.65	0.17	0.11	-5.87	-0.32	0.20	-0.23	-3.49	0.07	1.22	0.78	-	0.35	1.09	1.02	1.11
Discontinued operations
0.01	-	-	-	0.00	-	-	-	-	-0.01	0.00	0.00	0.00	0.04	0.02	0.00	-0.01	0.00	0.38	0.02	0.04	0.01	-0.01	-0.03	-0.01	0.00	-0.02	0.01	0.02	0.11	0.13	0.01	-0.08	0.17	1.49	1.62	1.54	9.39	0.71	0.06	0.01	-	-0.03	0.01	-0.01	0.06
Net income
0.96	0.78	1.34	0.75	0.80	0.58	1.25	0.79	1.14	-0.76	0.98	0.54	0.52	0.30	1.00	0.36	0.41	0.39	1.45	1.58	0.46	0.37	0.86	0.41	0.35	0.10	4.69	0.28	0.22	0.34	0.78	0.18	0.03	-5.70	1.17	1.82	1.31	5.90	0.78	1.28	0.79	4.46	0.32	1.10	1.01	1.17
Weighted average common shares – basic
87,400	87,600	87,800	87,800	87,600	87,700	87,600	87,500	88,000	88,200	88,000	88,500	88,500	-	89,200	89,800	-	89,900	89,400	89,300	90,600	91,300	91,600	91,700	91,400	91,200	90,400	90,400	92,000	92,400	92,500	92,800	94,300	93,400	92,700	92,600	92,500	-183,400	184,100	184,000	183,300	-	182,700	182,500	182,000	181,900
Weighted Average Number of Shares Outstanding, Diluted
88,200	88,400	88,700	88,700	88,600	88,700	88,700	88,400	89,000	89,100	88,700	89,000	89,200	89,000	89,700	90,400	90,500	90,700	90,300	90,200	91,600	92,500	92,900	93,000	92,800	92,500	91,900	91,600	93,200	93,300	93,500	93,900	95,700	92,600	92,700	93,400	92,500	-187,700	185,300	185,500	184,900	-	184,300	183,600	183,200	184,400
Cash dividends declared per common share
-	-	-	-	-	-	-	-	-	-	0.12	0.12	0.12	-	0.12	0.12	0.12	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.10	0.10	0.10	0.10	0.09	0.09	0.09	0.09	0.09	0.50	0.50	0.50	1.25	0.25	0.25	0.25	1.06	0.21	0.21	0.21	0.17