ITT (ITT) FY2022 results: revenue $3.0 billion, up 8.1% on the year
ITT Inc. (ITT) reported revenue of $3.0 billion for fiscal 2022, the year ended 31 December 2022, up 8.1% on the year before. Net income was $367 million, up 16.0%, and diluted earnings per share $4.38. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2023.
Revenue
$3.0 billion
+8.1% on the year
FY2015FY2022
Operating margin
15.7%
18.2% a year earlier
FY2015FY2022
Net income
$367 million
+16.0% on the year
FY2015FY2022
Diluted EPS
$4.38
+19.7% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
278
-7.6
437
Capital expenditure
104
88.4
63.7
+17.5%
Free cash flow
174
-96.0
373
Free cash flow margin
5.8%
-3.5%
15.1%
Cash from investing
-255
-82.3
-65.8
Cash from financing
-83.3
-99.8
-159
Depreciation and amortisation
107
113
112
-5.0%
Share-based compensation
18.1
16.5
13.4
+9.7%
Buybacks
245
105
73.2
+134.1%
Dividends paid
87.9
75.8
59.0
+16.0%
Dividend per share
$1.06
$0.88
$0.68
+20.0%
Diluted shares, weighted
84m
86m
87m
-3.2%
Shares outstanding at period end
83m
86m
86m
-3.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
2,248
2,226
2,126
+1.0%
Non-controlling interest
9.3
4.9
1.5
+89.8%
Debt
451
198
107
+128.2%
Operating lease liabilities
58.9
64.0
72.4
-8.0%
Other liabilities
1,013
1,073
1,970
-5.6%
Total liabilities and equity
3,780
3,565
4,278
+6.0%
Fixed assets
527
509
525
+3.5%
Goodwill
965
924
945
+4.4%
Intangible assets
113
85.7
106
+31.6%
Investments
0.0
0.0
0.0
Cash and equivalents
561
648
860
-13.3%
Receivables
629
555
508
+13.3%
Inventory
534
431
360
+23.9%
Other assets
452
413
974
+9.5%
Total assets
3,780
3,565
4,278
+6.0%
10-K for the year ended 31 December 2022, filed 15 February 2023: the filing.