ITT Inc. Files 2024 10-K Report
Ticker: ITT · Form: 10-K · Filed: Feb 10, 2025 · CIK: 216228
| Field | Detail |
|---|---|
| Company | Itt INC. (ITT) |
| Form Type | 10-K |
| Filed Date | Feb 10, 2025 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $1.00, $3.6 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, annual-report, financials
TL;DR
ITT Inc. dropped its 2024 10-K. Check financials for pumps & equipment giant.
AI Summary
ITT Inc. filed its 2024 10-K report on February 10, 2025, detailing its financial performance for the fiscal year ending December 31, 2024. The company, primarily involved in pumps and pumping equipment, operates under the standard industrial classification 3561. This filing provides a comprehensive overview of its business, financial condition, and results of operations for the period.
Why It Matters
This 10-K filing provides investors and stakeholders with a detailed look into ITT Inc.'s financial health and operational performance for the fiscal year 2024, crucial for investment decisions.
Risk Assessment
Risk Level: low — The filing is a standard annual report and does not indicate any immediate or unusual risks.
Key Numbers
- 2024 — Fiscal Year (The period covered by the 10-K report.)
- 1231 — Fiscal Year End (The closing date of the fiscal year reported.)
- 20250210 — Filing Date (The date the 10-K was officially submitted to the SEC.)
Key Players & Entities
- ITT INC. (company) — Filer of the 10-K report
- 2024-12-31 (date) — Fiscal year end date
- 2025-02-10 (date) — Filing date of the 10-K
- 3561 (number) — Standard Industrial Classification for Pumps & Pumping Equipment
FAQ
What is ITT Inc.'s primary business as indicated by its SIC code?
ITT Inc.'s primary business is in Pumps & Pumping Equipment, as indicated by its Standard Industrial Classification code 3561.
On what date was ITT Inc.'s 2024 10-K report filed?
The 10-K report for ITT Inc. was filed on February 10, 2025.
What fiscal year does this 10-K filing cover?
This 10-K filing covers the fiscal year ending December 31, 2024.
What is ITT Inc.'s mailing address according to the filing?
ITT Inc.'s mailing address is 100 WASHINGTON BLVD, 6TH FLOOR, STAMFORD, CT 06902.
Has ITT Inc. operated under different names previously?
Yes, ITT Inc. has operated under former names including ITT Inc. (name change on 20160517), ITT Corp (name change on 20100308), and ITT CORP (name change on 20060705).
Filing Stats: 4,377 words · 18 min read · ~15 pages · Grade level 15.5 · Accepted 2025-02-10 17:17:54
Key Financial Figures
- $1.00 — ich registered Common Stock, par value $1.00 per share ITT New York Stock Exchange
- $3.6 billion — ologies (CCT). 2024 COMPANY SNAPSHOT $3.6 billion of sales across approx. 125 countries
Filing Documents
- itt-20241231.htm (10-K) — 2892KB
- exhibit41-descriptionofsec.htm (EX-4.1) — 34KB
- exhibit1021-ceoretentionpl.htm (EX-10.21) — 57KB
- exhibit1022-ceoretentionpl.htm (EX-10.22) — 67KB
- exhibit191-stocktradingxco.htm (EX-19.1) — 100KB
- exhibit211-subsidiariesoft.htm (EX-21.1) — 101KB
- exhibit2312024deloittecons.htm (EX-23.1) — 3KB
- exhibit3112024.htm (EX-31.1) — 8KB
- exhibit3122024.htm (EX-31.2) — 8KB
- exhibit3212024.htm (EX-32.1) — 4KB
- exhibit3222024.htm (EX-32.2) — 5KB
- itt-20241231_g1.jpg (GRAPHIC) — 28KB
- itt-20241231_g2.jpg (GRAPHIC) — 33KB
- itt-20241231_g3.jpg (GRAPHIC) — 99KB
- 0000216228-25-000014.txt ( ) — 17413KB
- itt-20241231.xsd (EX-101.SCH) — 101KB
- itt-20241231_cal.xml (EX-101.CAL) — 134KB
- itt-20241231_def.xml (EX-101.DEF) — 514KB
- itt-20241231_lab.xml (EX-101.LAB) — 1177KB
- itt-20241231_pre.xml (EX-101.PRE) — 912KB
- itt-20241231_htm.xml (XML) — 3146KB
Signatures
Signatures II- 3 * Included pursuant to the General Instruction to Item 401 of Regulation S-K. WHERE YOU CAN FIND MORE INFORMATION We file annual, quarterly and current reports, proxy statements and other information with the U.S. Securities and Exchange Commission (the SEC). The SEC maintains a website at www.sec.gov on which you may access our SEC filings. In addition, we make available free of charge at investors.itt.com copies of materials we file with, or furnish to, the SEC as soon as reasonably practical after we electronically file or furnish these reports, as well as other important information that we disclose from time to time. In addition, in certain sections of this Annual Report on Form 10-K we refer readers to additional information that is contained on our website, or that can be accessed through our website. The information on our website, including the materials we are specifically referencing, do not constitute a part of this Annual Report on Form 10-K. We have included our website address only as an inactive textual reference and do not intend it to be an active link to our website. Our corporate headquarters is located at 100 Washington Boulevard, 6th Floor, Stamford, Connecticut 06902 and the telephone number of this location is (914) 641-2000. FORWARD-LOOKING AND CAUTIONARY STATEMENTS Some of the information included herein includes forward-looking statements within the meaning of the Securities Exchange Act of 1933, and the Securities Exchange Act of 1934, as amended. We intend such forward-looking statements to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not historical facts, but rather represent only a belief regarding future events based on current expectations, estimates, assumptions and projections about our business, future financial results and, the industry in which we operate, and other legal, regulatory and economic dev
DESCRIPTION OF BUSINESS
ITEM 1. DESCRIPTION OF BUSINESS (Amounts reported in this Annual Report on Form 10-K, except per share amounts, are stated in millions unless otherwise specified. References herein to "ITT," "the Company," and such words as "we," "us," and "our" include ITT Inc. and its subsidiaries on a consolidated basis, unless the context otherwise indicates.) COMPANY OVERVIEW ITT is a diversified manufacturer of highly engineered critical components and customized technology solutions primarily for the transportation, industrial and energy markets. We manufacture components that are integral to the operation of equipment, systems and manufacturing processes in these key markets. Our products enable functionality for applications where reliability and performance are critically important to our customers and the users of their products. We operate through three primary segments: Motion Technologies (MT), Industrial Process (IP), and Connect & Control Technologies (CCT). 2024 COMPANY SNAPSHOT $3.6 billion of sales across approx. 125 countries Approx. 11,700 employees in 39 countries Global presence with 67% of revenue outside the U.S. Balanced and diversified portfolio MT is a global manufacturer of highly engineered brake pads, shock absorbers and damping technologies for the automotive and rail markets. IP is a global manufacturer of industrial pumps, valves, and monitoring and control systems, and provides aftermarket services for the energy, chemical and petrochemical, pharmaceutical, general industrial, marine, mining, pulp and paper, food and beverage, power generation and biopharmaceutical markets. CCT is a global designer and manufacturer of harsh-environment interconnect solutions and critical energy absorption and flow control components, primarily for the aerospace, defense and industrial markets. For additional segment information, see Segment Information section. Business Model and Strategy Our businesses share a common, repeatable operating model ce