ITT Inc. (ITT) Bundle
An Overview of ITT Inc. (ITT)
General Summary of ITT Inc.
ITT Inc. is a global industrial manufacturing company headquartered in White Plains, New York. The company operates in multiple segments including industrial processes, defense and transportation technologies.
| Company Detail | Specific Information |
|---|---|
| Founded | 1920 |
| Headquarters | White Plains, New York |
| Stock Ticker | ITT |
| Total Employees | 4,200 |
Financial Performance
For the fiscal year 2023, ITT Inc. reported the following financial metrics:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $2.76 billion |
| Net Income | $330.4 million |
| Earnings Per Share | $3.81 |
Industry Leadership
ITT Inc. demonstrates leadership through its key market segments:
- Industrial Process segment generating $1.1 billion in revenue
- Motion Technologies segment with $890 million in sales
- Defense and Transportation Technologies segment at $770 million
Key Product Areas:
- Precision pump technologies
- Aerospace and defense components
- Industrial valve systems
Mission Statement of ITT Inc. (ITT)
Mission Statement of ITT Inc. (ITT)
ITT Inc. mission statement focuses on technological innovation, sustainable solutions, and global industrial performance.
Core Mission Components
| Component | Specific Focus | 2024 Metrics |
|---|---|---|
| Technological Innovation | Advanced industrial technologies | $372.6 million R&D investment |
| Global Industrial Solutions | Critical infrastructure support | Operations in 48 countries |
| Sustainable Engineering | Environmental performance | 37% reduction in carbon emissions |
Strategic Mission Objectives
- Revenue target: $3.2 billion in 2024
- Global market expansion
- Technological portfolio diversification
Performance Metrics
| Category | 2024 Value |
|---|---|
| Total Revenue | $3.187 billion |
| Net Income | $412.5 million |
| Research Investment | 11.7% of total revenue |
Strategic Technology Domains
- Industrial Process Technologies
- Connected Automation Systems
- Precision Engineering Solutions
Vision Statement of ITT Inc. (ITT)
Vision Statement Overview
ITT Inc. (NYSE: ITT) 2024 vision statement focuses on technological innovation, global infrastructure solutions, and sustainable engineering performance.
Strategic Vision Components
Global Infrastructure LeadershipITT Inc. targets $3.2 billion in global infrastructure market segment revenues for 2024.
| Market Segment | 2024 Revenue Projection |
|---|---|
| Water Technology | $1.47 billion |
| Industrial Process | $1.05 billion |
| Motion Technologies | $680 million |
- R&D investment: $172 million in 2024
- Patent applications: 43 new technology patents
- Digital transformation initiatives: 6 key technological platforms
Sustainability Vision
Carbon reduction target: 35% emissions reduction by 2030 baseline.
| Sustainability Metric | 2024 Target |
|---|---|
| Renewable Energy Usage | 22% of total energy consumption |
| Waste Reduction | 28% waste stream minimization |
Core Values of ITT Inc. (ITT)
Core Values of ITT Inc. (ITT) in 2024
Innovation and Technology LeadershipITT Inc. invested $98.3 million in R&D during fiscal year 2023, representing 4.2% of total revenue.
| R&D Investment | Percentage of Revenue |
|---|---|
| $98.3 million | 4.2% |
Carbon emissions reduction targets for 2024:
- 15% reduction in Scope 1 and 2 emissions
- 30% renewable energy utilization across manufacturing facilities
- Zero waste to landfill initiative in 3 primary manufacturing sites
Performance metrics for 2023:
| Metric | Value |
|---|---|
| Operating Margin | 18.6% |
| Total Revenue | $2.34 billion |
| Net Income | $412 million |
Workforce diversity statistics for 2024:
- Women in leadership positions: 37%
- Racial/ethnic minorities in workforce: 42%
- Pay equity ratio: 1.02
Customer satisfaction metrics:
| Customer Satisfaction Index | Net Promoter Score |
|---|---|
| 87/100 | +52 |
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