What is ITT's restructuring charges?

ITT (ITT) reported restructuring charges of $2.48M in Q4 2023.

How has ITT's restructuring charges changed year-over-year?

ITT's restructuring charges increased by 160.5% year-over-year, from $950K to $2.48M.

What is the long-term trend for ITT's restructuring charges?

Over 2 years (2021 to 2023), ITT's restructuring charges has grown at a 1.6% compound annual growth rate (CAGR), from $9.6M to $9.9M.

What does restructuring charges mean?

One-time costs from reorganizing operations, including employee severance, facility closure costs, contract termination fees, and asset relocation expenses.

ITT ITT Restructuring Charges

Discontinued — last reported Q4 '23

Restructuring Charges at other companies

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$0-100%

DucommunDCO

$0-100%

TimkenTKR

——

Segments

By segment

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Flow Technologies$7.7M—

Aggregate Eliminations Corp And Other$1.5M—

Connect & Control Technologies$1.1M-47.6%

Motion Technologies$500K+150%

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

See full

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$17.51B+36.9%

Enterprise value$20.41B+51.4%

P/E38.3×+13.6×

P/S4.1×+0.7×

Profitability

See full

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:RestructuringCharges.

The official record: ITT’s 10-K, filed February 12, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is ITT's restructuring charges?: ITT (ITT) reported restructuring charges of $2.48M in Q4 2023.
How has ITT's restructuring charges changed year-over-year?: ITT's restructuring charges increased by 160.5% year-over-year, from $950K to $2.48M.
What is the long-term trend for ITT's restructuring charges?: Over 2 years (2021 to 2023), ITT's restructuring charges has grown at a 1.6% compound annual growth rate (CAGR), from $9.6M to $9.9M.
What does restructuring charges mean?: One-time costs from reorganizing operations, including employee severance, facility closure costs, contract termination fees, and asset relocation expenses.