What is ITT's asbestos-related benefit, net(a) — revenue?

ITT (ITT) reported asbestos-related benefit, net(a) — revenue of $0 in Q3 2022.

What does asbestos-related benefit, net(a) — revenue mean?

The net impact of asbestos-related legal and insurance adjustments on reported revenue.

How do you interpret asbestos-related benefit, net(a) — revenue?

An increase indicates a net gain from insurance recoveries or favorable legal settlements, while a decrease reflects higher net costs or provisions for legacy liabilities.

How does asbestos-related benefit, net(a) — revenue compare across companies?

Comparable to legacy liability adjustments or litigation-related income/expense items found in the financial disclosures of industrial companies with historical environmental or product exposure.

ITT ITT Asbestos-related benefit, net(a) — Revenue

Discontinued — last reported Q3 '22

Similar metrics at other companies

HIGAsbestosand Environmental — Liability For Unpaid Claims And Claims Adjustment Expense Net

$1.15B-8.5%

HIGAsbestos — Short-duration Insurance Contracts, Liability for Unpaid Claims and Allocated Claim Adjustment Expense, Net, Not Separately Presented

$749M-17.7%

HIGAsbestosand Environmental — Shortduration Insurance Contracts Liability For Unpaid Claims And Allocated Claim Adjustment Expense Net Not Separately Presented

$1.15B-8.5%

AIZAsbestos and Pollution — Claims and benefits payable, net of reinsurance

$11.7M-12.7%

IRGain (Loss) On Of Asbestos-Related Assets And Liabilities

$0+100%

DDIndustrial Intermediates And Infrastructure — Gain Loss On Asbestos Related Matter

$0—

Other financials

Income statement

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Revenue$1.2B+32.7%

Gross profit$428.8M+32.7%

Operating income$141.2M-6.4%

Net income$78.0M-28.0%

EPS (diluted)$0.89-33.1%

Balance sheet

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Cash & equivalents$600.8M+36.6%

Total debt$3.5B+321%

Total equity$4.7B+70.5%

Total assets$11.1B+130%

Cash flow

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Operating cash flow$39.9M-64.8%

CapEx$26.1M-29.1%

Free cash flow$13.8M-82.0%

Valuation

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Market cap$17.6B+55.9%

Enterprise value$20.49B+76.8%

P/E38.5×+16.6×

P/S4.2×+1.0×

Profitability

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Gross margin35.5%+0.5pp

Operating margin15.9%-2.8pp

Net margin10.8%-3.4pp

FCF margin11.4%-1.9pp

Returns & leverage

See full

Return on equity12.2%-7.1pp

Debt / equity0.7×+0.4×

Current ratio1.5×+0.3×

Where this comes from

Reported directly by ITT in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The official record: ITT’s 10-Q, filed November 3, 2022, on SEC EDGAR. View the filing →

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Questions, answered.

What is ITT's asbestos-related benefit, net(a) — revenue?: ITT (ITT) reported asbestos-related benefit, net(a) — revenue of $0 in Q3 2022.
What does asbestos-related benefit, net(a) — revenue mean?: The net impact of asbestos-related legal and insurance adjustments on reported revenue.
How do you interpret asbestos-related benefit, net(a) — revenue?: An increase indicates a net gain from insurance recoveries or favorable legal settlements, while a decrease reflects higher net costs or provisions for legacy liabilities.
How does asbestos-related benefit, net(a) — revenue compare across companies?: Comparable to legacy liability adjustments or litigation-related income/expense items found in the financial disclosures of industrial companies with historical environmental or product exposure.