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Itt Inc   (ITT)
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ITT's Operating Income Growth by Quarter and Year

Itt Inc 's Operating Income results by quarter and year




ITT Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 118.80 150.90 113.10 159.20
III Quarter September 143.10 122.00 101.70 -62.50
II Quarter June 142.00 100.50 179.60 20.50
I Quarter March 124.30 94.60 109.90 109.30
FY   528.20 468.00 504.30 226.50



ITT Operating Income fourth quarter 2023 Y/Y Growth Comment
Itt Inc reported decline in Operating Income in the fourth quarter 2023 by -21.27% to $ 118.80 millions, from the same quarter in 2022.
The contraction in the fourth quarter 2023 Itt Inc 's Operating Income compares unfavorably to the Company's average Operating Income growth of 1.64%.

Looking into fourth quarter 2023 results within Miscellaneous Manufacturing industry 6 other companies have achieved higher Operating Income growth. While Itt Inc ' s Operating Income fall of -21.27% ranks overall at the positon no. 341 in the fourth quarter 2023.

Explain Operating Income growth


ITT Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -21.27 % 33.42 % -28.96 % 93.44 %
III Quarter September 17.3 % 19.96 % - -
II Quarter June 41.29 % -44.04 % 776.1 % -76.16 %
I Quarter March 31.4 % -13.92 % 0.55 % 20.64 %
FY   12.86 % -7.2 % 122.65 % -44.94 %

Financial Statements
Itt Inc 's fourth quarter 2023 Operating Income $ 118.80 millions ITT's Income Statement
Itt Inc 's fourth quarter 2022 Operating Income $ 150.90 millions Quarterly ITT's Income Statement
New: More ITT's historic Operating Income Growth >>


ITT Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -16.98 % 23.69 % 11.21 % -
III Quarter September 0.77 % 21.39 % -43.37 % -
II Quarter June 14.24 % 6.24 % 63.42 % -81.24 %
I Quarter March -17.63 % -16.36 % -30.97 % 32.81 %
FY (Year on Year)   12.86 % -7.2 % 122.65 % -44.94 %




Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Miscellaneous Manufacturing Industry #7
Capital Goods Sector #41
Overall #341

Operating Income Y/Y Growth Statistics
High Average Low
267.91 % 1.64 % -166.41 %
(Oct 02 2021)   (June 30. 2012)
Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Miscellaneous Manufacturing Industry #7
Capital Goods Sector #41
Overall #341
Operating Income Y/Y Growth Statistics
High Average Low
267.91 % 1.64 % -166.41 %
(Oct 02 2021)   (June 30. 2012)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Itt Inc 's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
226.18 % 17.12 % -82.49 %
(Sep. 30, 2011)  


ITT's IV. Quarter Q/Q Operating Income Comment
In the IV. Quarter 2023 Itt Inc reported fall in Operating Income from the third quarter by -16.98% to $ 118.80 millions, from $ 143.10 millions released in the previous quarter.

Although periodic influence usually elevate IV. Quarter 2023 results, that simply was not sufficient to recover ITT's performance, Patricia Fernández, a business insider pointed out and wrote that average sequential Operating Income growth is at 17.12% for ITT.

Within Miscellaneous Manufacturing industry 9 other companies have achieved higher Operating Income quarter on quarter growth. While Itt Inc 's Operating Income growth quarter on quarter, overall rank is 525.


Operating Income Q/Q Growth Company Ranking
Within: No.
Miscellaneous Manufacturing Industry #10
Capital Goods Sector #59
Overall #525
Operating Income Q/Q Growth Company Ranking
Within: No.
Miscellaneous Manufacturing Industry #10
Capital Goods Sector #59
Overall #525
Operating Income Q/Q Growth Statistics
High Average Low
226.18 % 17.12 % -82.49 %
(Sep. 30, 2011)  


ITT's IV. Quarter Q/Q Operating Income Comment
In the IV. Quarter 2023 Itt Inc disclosed fall in Operating Income sequentially by -16.98% to $ 118.80 millions, from $ 143.10 millions achived in the previous quarter.

Albeit periodic circumstance normally energize IV. Quarter 2023 performance, that clearly was not substantial to rescue Itt Inc 's IV. Quarter 2023 outcome, Patricia Fernández, a business insider said and mentioned that average quarter on quarter Operating Income growth is at 17.12% for ITT.

Within Miscellaneous Manufacturing industry 9 other companies have achieved higher Operating Income quarter on quarter growth. While Itt Inc 's Operating Income growth quarter on quarter, overall rank is 525.


Itt Inc 's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jul 01 2023)
12 Months Ending
(Apr 01 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Operating Income 12 Months Ending $ 528.20 $ 560.30 $ 539.20 $ 497.70 $ 468.00
Y / Y Operating Income Growth (TTM) 12.86 % 30.24 % 31.54 % 1.78 % -7.2 %
Year on Year Operating Income Growth Overall Ranking # 501 # 1463 # 1474 # 53 # 0
Seqeuential Operating Income Change (TTM) -5.73 % 3.91 % 8.34 % 6.35 % 8.79 %
Seq. Operating Income Growth (TTM) Overall Ranking # 341 # 956 # 1824 # 302 # 0




Cumulative Operating Income growth Comment
Assuming the Itt Inc 's fiscal year would have ended in Dec 31 2023, Itt Inc would have reprted above average annual Operating Income increase of 12.86% year on year, of $ 528 millions.
This marks a slow-down of the companys growth trends and from the 30.24% improvement in Sep 30 2023.

In the Capital Goods sector 57 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 501, from total ranking in previous quarter at 1463.

Operating Income TTM Q/Q Growth Statistics
High Average Low
267.91 %
1.64 %
-166.41 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Miscellaneous Manufacturing Industry # 7
Capital Goods Sector # 58
Overall # 501

Operating Income TTM Y/Y Growth Statistics
High Average Low
267.91 %
1.64 %
-166.41 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 7
Sector # 41
S&P 500 # 341
Cumulative Operating Income growth Comment
Assuming the Itt Inc 's fiscal year would have ended in Dec 31 2023, Itt Inc would have reprted above average annual Operating Income increase of 12.86% year on year, of $ 528 millions.
This marks a slow-down of the companys growth trends and from the 30.24% improvement in Sep 30 2023.

In the Capital Goods sector 57 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 501, from total ranking in previous quarter at 1463.

Operating Income TTM Q/Q Growth Statistics
High Average Low
267.91 %
1.64 %
-166.41 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Miscellaneous Manufacturing Industry # 7
Capital Goods Sector # 58
Overall # 501

Operating Income TTM Y/Y Growth Statistics
High Average Low
267.91 %
1.64 %
-166.41 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 7
Sector # 41
S&P 500 # 341




Other Operating Income Growth
Miscellaneous Manufacturing Industry Operating Income Growth Trends and Statistics
Capital Goods Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
ITT's Operating Income Growth Ratio versus Miscellaneous Manufacturing Industry, Capital Goods Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for ITT's Competitors
Operating Income Growth for Itt Inc 's Suppliers
Operating Income Growth for ITT's Customers

You may also want to know
ITT's Annual Growth Rates ITT's Profitability Ratios ITT's Asset Turnover Ratio ITT's Dividend Growth
ITT's Roe ITT's Valuation Ratios ITT's Financial Strength Ratios ITT's Dividend Payout Ratio
ITT's Roa ITT's Inventory Turnover Ratio ITT's Growth Rates ITT's Dividend Comparisons



Companies with similar Operating Income improvement for the quarter ending Dec 31 2023 within Capital Goods SectorY/Y Change %Operating Income for the quarter ending Dec 31 2023
Curtiss wright Corporation-3.87%$ -3.868 millions
D r Horton Inc -4.74%$ -4.742 millions
Installed Building Products Inc -4.78%$ -4.781 millions
Standex International Corp-7.10%$ -7.099 millions
Ducommun Incorporated-7.87%$ -7.871 millions
Idex Corp-8.29%$ -8.286 millions
John Bean Technologies Corporation-8.85%$ -8.853 millions
Tennant Co-13.73%$ -13.732 millions
Jacobs Solutions Inc -14.19%$ -14.189 millions
Agco Corp-15.61%$ -15.608 millions
Nvr Inc -16.94%$ -16.936 millions
Sci Engineered Materials inc -18.02%$ -18.017 millions
Kennametal Inc -19.76%$ -19.757 millions
Itt Inc -21.27%$ -21.272 millions
Watsco Inc -21.45%$ -21.454 millions
Terex Corp-23.12%$ -23.123 millions
Douglas Dynamics Inc-24.08%$ -24.083 millions
Atkore Inc -24.23%$ -24.234 millions
Energizer Holdings Inc -24.43%$ -24.433 millions
Beazer Homes Usa Inc -28.90%$ -28.900 millions
Littelfuse Inc-31.51%$ -31.506 millions
Twin Disc Inc-31.60%$ -31.596 millions
Meritage Homes Corporation-35.19%$ -35.188 millions
Tri Pointe Homes Inc -35.92%$ -35.922 millions
Acm Research Inc -35.98%$ -35.981 millions
Trio tech International-36.67%$ -36.670 millions
Lam Research Corporation-37.08%$ -37.077 millions
The Middleby Corporation-39.06%$ -39.059 millions
Mi Homes Inc -40.76%$ -40.760 millions
Granite Construction Incorporated-43.40%$ -43.397 millions




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