What ITT Inc. told the SEC could break it.

ITT's products consume steel, gold, copper, nickel, iron, aluminum, tin, rubber and specialty alloys (incl. titanium); a hypothetical 10% change in steel prices alone would move pre-tax earnings by ~$5-7M (partly mitigated by fixed-price supply contracts and pricing actions).

“Assuming all other variables remain constant, we estimate that a hypothetical 10% change in steel prices, excluding any impact of purchased component parts, would impact pre-tax earnings by approximately $5 to $7. We estimate that a hypothetical 10% change in prices for any other commodity would not be material to our financial statements.”

Aumovio (the September 2025 spin-off of Continental AG's automotive group) is ITT's largest customer; combined Aumovio/Continental sales were 17% of Motion Technologies revenue and ~6% of total ITT revenue, and the loss of this customer or a decline in its market share could materially affect results.

“Following the spin-off, Aumovio is ITT's largest customer. Combined sales to Aumovio and Continental AG during 2025 represented 17% of MT's revenue, and approximately 6% of ITT's total revenue.”

In limited instances ITT depends on a single source of supply, manufacturing or assembly, or on commodity markets with few suppliers; transitioning to an alternative could be complex, costly and protracted, especially where it requires redesigning systems or re-qualifying products.

“In limited instances, we depend on a single source of supply, manufacturing or assembly, or participate in commodity markets that may be subject to a limited number of suppliers. Although we believe we could obtain and qualify alternative sources for most sole and limited source supplier materials if necessary, the transition to an alternative source could be complex, costly, and protracted, especially if the change requires us to redesign our systems or re-qualify our products .”