ITT Inc (FRA:2II)
€ 128 1 (0.79%) Market Cap: 10.53 Bil Enterprise Value: 10.74 Bil PE Ratio: 27.03 PB Ratio: 4.40 GF Score: 88/100

ITT Inc at Oppenheimer Industrial Growth Conference Transcript

May 07, 2019 / 07:05PM GMT
Release Date Price: €54.54 (-1.52%)
Bryan Francis Blair
Oppenheimer & Co. Inc., Research Division - Director & Senior Analyst

Welcome to the 14th Annual OpCo Industrial Growth Conference. Next up, we have ITT and happy to have CFO, Tom Scalera, with us today.

Thomas M. Scalera
ITT Inc. - Executive VP & CFO

Thanks, Bryan.

Bryan Francis Blair
Oppenheimer & Co. Inc., Research Division - Director & Senior Analyst

Thank you. For those a little less familiar with the ITT story, maybe provide a little bit of a background, at least post-spin, and overview of your current segment structure.

Thomas M. Scalera
ITT Inc. - Executive VP & CFO

Sure. So today's ITT is about, last year's revenue, $2.75 billion. Over the last 3 years, we've expanded our margins by 200 basis points at the segment operating level. We've generated 101% 3-year average of free cash flow, adjusted free cash flow conversion. So we have strong financial characteristics, very diversified. I think that's one of the core

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