Discontinued — last reported Q4 '23
Restructuring Charges
ITT Restructuring Charges remained flat by 0.0% to $2.48M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 160.5%, from $950.00K to $2.48M. Over 2 years (FY 2021 to FY 2023), Restructuring Charges shows relatively stable performance with a 1.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Frequent or large charges may indicate operational instability or a need for significant strategic pivots, while occasional charges are standard in large-scale transformations.
Detailed definition
Restructuring charges are one-time costs associated with reorganizing a company's operations, such as severance pay, fac...
Peer comparison
Used by analysts to identify non-recurring items that distort year-over-year operating comparisons.
restructuring_chargesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $100.00K | $4.50M | $1.40M | $950.00K | $950.00K | $950.00K | $950.00K | $2.48M | $2.48M | $2.48M | $2.48M |
| QoQ Change | — | >999% | -68.9% | -32.1% | +0.0% | +0.0% | +0.0% | +160.5% | +0.0% | +0.0% | +0.0% |
| YoY Change | — | — | — | — | +850.0% | -78.9% | -32.1% | +160.5% | +160.5% | +160.5% | +160.5% |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Flow Technologies | — | — | — | — | — | — | — | $7.70M |
| Aggregate Eliminations Corp And Other | — | — | — | — | — | — | — | $1.50M |
| Connect & Control Technologies | $700.00K | $200.00K | $600.00K | $2.10M | -$200.00K | $1.00M | $800.00K | $1.10M |
| Motion Technologies | $1.60M | $200.00K | $400.00K | $200.00K | $2.10M | $1.90M | $5.20M | $500.00K |
| Industrial Process | $1.60M | $400.00K | $500.00K | $4.20M | $1.30M | $900.00K | $1.80M | — |
| Total | — | — | — | — | — | — | — | — |
Industrial Process was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Restructuring Charges at Other Companies
Frequently Asked Questions
- 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 $950.00K 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 $9.60M to $9.90M.
- What does restructuring charges mean?
- One-time costs related to reorganizing or downsizing business operations.