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ITT ITT Interconnect Solutions — Remaining Restructuring Payments Anticipated Year After Next

Discontinued — last reported Q4 '15

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$18M+350%

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

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 itt:RemainingRestructuringPaymentsAnticipatedYearAfterNext.

The official record: ITT’s 10-K, filed February 22, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does interconnect solutions — remaining restructuring payments anticipated year after next mean?
The amount of cash expected to be spent on restructuring in the Interconnect Solutions segment in two years.
How do you interpret interconnect solutions — remaining restructuring payments anticipated year after next?
A declining trend in these payments suggests the completion of long-term restructuring efforts and a return to normalized cash flow.
How does interconnect solutions — remaining restructuring payments anticipated year after next compare across companies?
Standard long-term liability disclosure for companies undergoing multi-year operational transformations.