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Sep 30, 2020
ITT Q3 2020 Earnings Report
ITT demonstrated resilience and took proactive actions to adjust to the current economic environment.
Key Takeaways
ITT Inc. reported a 17% decrease in revenue, driven by an 18% decline in organic revenue due to the global impact of COVID-19. Despite challenging market conditions, the company achieved a 44% increase in adjusted EPS compared to the second quarter, and an all-time record adjusted operating income margin of 15.4%.
Adjusted EPS increased 44% over the second quarter.
Adjusted operating income margin reached an all-time record of 15.4%.
Organic revenue decreased 18% due to COVID-19 impacts.
Completed termination and transfer of U.S. Pension Plan in October for $8 million.
ITT
ITT
ITT Revenue by Segment
Revenue by Segment
Motion Technologies Revenue
CapyFin.comIndustrial Process Revenue
CapyFin.comConnect & Control Technologies Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income