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ITT ITT Industrial Process — Restructuring Reserve Translation Adjustment

Discontinued — last reported Q4 '17

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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

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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:RestructuringReserveTranslationAdjustment.

The official record: ITT’s 10-K, filed February 16, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does industrial process — restructuring reserve translation adjustment mean?
The change in the value of restructuring reserves caused by shifts in foreign currency exchange rates.
How do you interpret industrial process — restructuring reserve translation adjustment?
This is a technical accounting adjustment and does not reflect operational performance, though it impacts the reported liability balance.
How does industrial process — restructuring reserve translation adjustment compare across companies?
Standard 'Foreign Currency Translation' adjustment found in the reconciliation of segment-level reserves.