Discontinued — last reported Q3 '24
Other corporate costs — Operating Income
ITT Other corporate costs — Operating Income increased by 25.4% to -$10.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 29.6%, from -$14.20M to -$10.00M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase in these costs generally indicates higher unallocated corporate overhead or larger negative adjustments, which reduces consolidated operating margins. A decrease suggests improved cost management at the corporate level or favorable inter-segment eliminations.
Detailed definition
This metric represents the unallocated corporate expenses, inter-segment eliminations, and other costs not directly attr...
Peer comparison
Most diversified industrial conglomerates report similar unallocated corporate expenses, often labeled as 'Corporate and Other' or 'Unallocated Expenses,' which are typically evaluated as a percentage of total revenue to assess corporate leaness.
itt_segment_other_corporate_costs_operating_incomeHistorical Data
| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $65.50M | -$9.50M | -$11.20M | -$13.80M | -$10.40M | -$13.80M | -$10.50M | -$14.20M | -$17.90M | -$13.40M | -$10.00M |
| QoQ Change | — | -114.5% | -17.9% | -23.2% | +24.6% | -32.7% | +23.9% | -35.2% | -26.1% | +25.1% | +25.4% |
| YoY Change | — | — | — | -121.1% | -9.5% | -23.2% | +23.9% | -36.5% | -29.7% | -27.6% | +29.6% |
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Frequently Asked Questions
- What is ITT's other corporate costs — operating income?
- ITT (ITT) reported other corporate costs — operating income of -$10.00M in Q3 2024.
- How has ITT's other corporate costs — operating income changed year-over-year?
- ITT's other corporate costs — operating income increased by 29.6% year-over-year, from -$14.20M to -$10.00M.
- What does other corporate costs — operating income mean?
- This represents the net corporate-level costs and accounting adjustments that are not assigned to any specific business segment.