Below are the financial statements of ITT, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2023 | 2022 |
|---|---|---|
| Revenue | 3,283a | 2,987.7a |
| Costs of revenue | -2,175.7a | -2,065.4a |
| Gross profit | 1,107.3a | 922.3a |
| General and administrative expenses | -294.5a | -217.2a |
| Sales and marketing expenses | -174a | -156.9a |
| Research and development expenses | -102.6a | -96.5a |
| (Gain) loss on sale of businesses | 8.1a | 0a |
| (Gain) loss on sale of long-lived assets | -0.1a | -16.3a |
| Operating income | 528.2a | 468a |
| Interest expense | -19.2a | -10.9a |
| Interest income | -8.8a | -4.5a |
| Other non-operating income, net | -1.7a | -0.2a |
| Income from continuing operations before income tax | 519.5a | 461.8a |
| Income tax expense | -104.8a | -91.1a |
| Income from continuing operations | 414.7a | 370.7a |
| Loss from discontinued operations, net of tax benefit of $, 0.3, and 0.4, respectively | -0.9a | -1.3a |
| Net income | 413.8a | 369.4a |
| Less: Income attributable to noncontrolling interests | 3.3a | 2.4a |
| Net income attributable to ITT Inc. | 410.5a | 367a |
| Income from continuing operations, net of tax | 411.4a | 368.3a |
| Loss from discontinued operations, net of tax | -0.9a | -1.3a |
| Net income | 410.5a | 367a |
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