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ITT ITT Standard Product Warranty Accrual

Standard Product Warranty Accrual at other companies

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VontierVNT
$34.2M-7.8%
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Enerpac Tool GroupEPAC
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DoverDOV

Other financials

Income statement

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Revenue$1.5B+51.5%
Gross profit$510.1M+45.4%
Operating income$180.3M+3.0%
Net income$84.9M-29.8%
EPS (diluted)$0.95-37.5%

Balance sheet

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Cash & equivalents$590.8M+26.3%
Total debt$3.1B+165%
Total equity$4.8B+87.8%
Total assets$11.0B+120%

Cash flow

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Operating cash flow$191.2M+24.4%
CapEx$29.1M+77.4%
Free cash flow$162.1M+18.1%

Valuation

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Market cap$19.17B+48.7%
Enterprise value$21.66B+59.4%
P/E45.5×+20.6×
P/S4.1×+0.6×

Profitability

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Gross margin35.2%-0.1pp
Operating margin14.4%-4.4pp
Net margin8.9%-5.1pp
FCF margin10.8%-2.4pp

Returns & leverage

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Return on equity11.5%-8.7pp
Debt / equity0.6×+0.2×
Current ratio1.3×-0.2×

Where this comes from

Reported directly by ITT in its filing.

Tagged under the XBRL concept us-gaap:ProductWarrantyAccrualClassifiedCurrent.

The source filing: ITT’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 10:46 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000216228-26-000065
As of the Period EndedJuly 4,2026December 31, 2025
Contract liabilities and other customer-related liabilities322.7220.8
Accrued income taxes and other tax-related liabilities58.346.4
Operating lease liabilities34.324.4
Accrued warranty costs34.523.5
Environmental liabilities and other legal matters14.414.4
Accrued restructuring costs8.43.7
Other75.760.5
Accrued and other current liabilities$765.6$572.0

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is ITT's standard product warranty accrual?
ITT (ITT) reported standard product warranty accrual of $34.5M in Q2 2026.
How has ITT's standard product warranty accrual changed year-over-year?
ITT's standard product warranty accrual increased by 85.5% year-over-year, from $18.6M to $34.5M.
What is the long-term trend for ITT's standard product warranty accrual?
Over 5 years (2020 to 2025), ITT's standard product warranty accrual has grown at a 0.3% compound annual growth rate (CAGR), from $23.1M to $23.5M.
What does standard product warranty accrual mean?
Accrued expenses related to standard product warranties offered to customers.

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