ITT (ITT) FY2024 results: revenue $3.6 billion, up 10.6% on the year
ITT Inc. (ITT) reported revenue of $3.6 billion for fiscal 2024, the year ended 31 December 2024, up 10.6% on the year before. Net income was $520 million, up 26.1%, and diluted earnings per share $6.32. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2025.
Revenue
$3.6 billion
+10.6% on the year
FY2017FY2024
Operating margin
18.7%
16.2% a year earlier
FY2017FY2024
Net income
$520 million
+26.1% on the year
FY2017FY2024
Diluted EPS
$6.32
+26.9% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
562
538
278
+4.5%
Capital expenditure
124
108
104
+15.1%
Free cash flow
438
430
174
+1.9%
Free cash flow margin
12.1%
13.1%
5.8%
Cash from investing
-818
-181
-255
Cash from financing
235
-432
-83.3
Depreciation and amortisation
137
109
107
+25.7%
Share-based compensation
25.9
20.2
18.1
+28.2%
Buybacks
104
60.0
245
+74.2%
Dividends paid
105
95.8
87.9
+9.3%
Dividend per share
$1.28
$1.16
$1.06
+10.0%
Diluted shares, weighted
82m
83m
84m
-0.5%
Shares outstanding at period end
82m
82m
83m
-0.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,779
2,528
2,248
+9.9%
Non-controlling interest
7.0
10.9
9.3
-35.8%
Debt
660
193
451
+241.4%
Operating lease liabilities
73.7
72.3
58.9
+1.9%
Other liabilities
1,212
1,128
1,013
+7.4%
Total liabilities and equity
4,731
3,933
3,780
+20.3%
Fixed assets
577
561
527
+2.9%
Goodwill
1,430
1,016
965
+40.7%
Intangible assets
454
117
113
+289.5%
Investments
0.0
0.0
0.0
Cash and equivalents
439
489
561
-10.2%
Receivables
703
675
629
+4.1%
Inventory
612
575
534
+6.4%
Other assets
515
499
452
+3.3%
Total assets
4,731
3,933
3,780
+20.3%
10-K for the year ended 31 December 2024, filed 10 February 2025: the filing.