Filing Flows › ITT (ITT) › Q1 2025
ITT (ITT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
ITT (ITT) reported revenue of $913M for the first quarter 2025 (Q1 2025), +0.3% from a year earlier and -2% from the quarter before. Operating margin was 16.5%, net earnings $108M (11.9% of revenue).
ITT, Q1 2025: revenue $913M (+0.3% year over year), operating margin 16.5%, net earnings $108M, operating cash flow $113M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $913M | -2% | +0.3% |
| Gross profit | $323M | +2% | +7% |
| Operating profit | $151M | -6% | +0.7% |
| Net earnings | $108M | -15% | -3% |
| Operating cash flow | $113M | -49% | +96% |
| Free cash flow | $76.6M | -59% | +154% |
What changed
Revenue was $913.0M in Q1 2025, roughly flat year over year and down 2% from the previous quarter. Auto and rail was the largest line at 38% of revenue. Aerospace and defense added $59.4M year over year (up 56%), 2475% of the total change. General industrial declined 20%.
Gross margin was 35.4%, up 2.3 points from a year earlier. Operating profit was $150.9M, a 16.5% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 42% reached operating profit, above the 16% margin then. Operating expenses grew 14% against flat revenue. The fastest-growing cost line was General & admin (+19%). Net earnings were $108.4M, down 3% year over year. The effective tax rate was 24.4%.
Operating cash flow was $113.4M (up 96% year over year), 104% of net earnings. Non-cash charges added back $37.2M of depreciation and amortization and $7.9M of share-based compensation. Working capital and other items used $40.8M. Capital expenditures of $36.8M left free cash flow of $76.6M.
Questions
What was ITT's revenue in the first quarter 2025?
ITT (ITT) reported revenue of $913M for the first quarter 2025 (Q1 2025), +0.3% from a year earlier and -2% from the quarter before.
Was ITT profitable in the first quarter 2025?
Operating profit was $151M (16.5% of revenue) and net earnings $108M.
Source: ITT 10-Q on SEC EDGAR.