$ITT (ITT Corporation)

$ITT {{ '2016-03-11T13:48:47+0000' | timeago}} • Announcement

$XYL said it is calling its 3.550% senior notes due Sept. 20, 2016 for redemption on April 11, 2016 in accordance with the terms of the notes and its Indenture dated Sept. 20, 2011 between $XYL, $ITT and MUFG Union Bank, formerly known as Union Bank.

$ITT {{ '2017-10-12T13:31:07+0000' | timeago}} • Announcement

$ITT BoD declared 4Q17 cash dividend of $12.8 per share on the company’s outstanding stock. The dividend will be payable on December 29, 2017, to shareholders of record on December 8, 2017

$ITT {{ '2017-10-02T12:40:49+0000' | timeago}} • Announcement

$ITT named JeJessica Kourakos as the Head of Investor Relations. In this new role, she will lead the development and execution of the company's global investor relations strategy and serve as $ITT's primary corporate liaison with the investment community.

$ITT {{ '2017-08-10T11:07:55+0000' | timeago}} • Announcement

$ITT declared 3Q17 dividend of $0.128 per share on the company’s outstanding stock. The cash dividend will be payable on Oct. 2, 2017, to shareholders of record as of the close of business on Sept. 11, 2017.

$ITT {{ '2017-06-19T13:09:10+0000' | timeago}} • Announcement

$ITT will display its broad solutions portfolio for mission critical in-flight applications at the 2017 International Paris Air Show, from June 19-22.

$ITT {{ '2017-06-12T13:19:22+0000' | timeago}} • Announcement

Technology company $ITT has appointed David J. Malinas as President of its Industrial Process business. Reporting to COO Luca Savi, he will be responsible for delivering the strategic and operating plans of the Industrial Process unit. Earlier, Malinas served Thermo Fisher Scientific where he held various roles of increasing responsibilities.

$ITT {{ '2017-05-11T12:26:11+0000' | timeago}} • Announcement

The BoD of $ITT has declared a 2Q17 cash dividend of 12.8 cents per share on its outstanding stock. The cash dividend will be payable on July 3, 2017, to shareholders as on June 12, 2017.

$ITT {{ '2017-05-08T17:52:16+0000' | timeago}} • Webcast

$ITT is seeing challenging environment with large projects. Though the company has got a large project currently, but it is not seeing it as a trend going forward. The company is seeing a lot of volatility with oil price and is doubting of seeing a lot of projects in the pipeline right now.

$ITT {{ '2017-05-08T11:41:01+0000' | timeago}} • Announcement

In 1Q17, $ITT's revenue from Industrial Process segment decreased 11% to $186MM, as growth in short-cycle baseline pumps and service was offset by large project decline. In Motion Technologies, revenue rose 12% to $287MM, while in Connect and Control Technologies segment, it increased 6% to $153MM.

$ITT {{ '2017-05-08T11:34:07+0000' | timeago}} • Announcement

$ITT reaffirmed its FY17 revenue guidance in the range of down 2% to up 2% vs. the prior year. It also raised the midpoint of its previous GAAP and adjusted EPS guidance by $0.05.

$ITT {{ '2017-05-08T11:32:09+0000' | timeago}} • Announcement

Specialty components maker $ITT delivered revenue of $626MM in 1Q17, up 3%, helped by 7% growth in organic orders due to a large oil and gas project win. Net income was $46MM, or $0.52 per share, compared to $37.4MM, or $0.41 per share a year ago. Excluding items, $ITT earned $0.64 per share, up 8%.

$ITT {{ '2017-02-15T14:45:44+0000' | timeago}} • Announcement

$ITT's BoD lifted quarterly dividend to 12.8 cents per share on its outstanding stock. The dividend will be payable on April 3, 2017 to shareholders of record on March 13, 2017.

$ITT {{ '2017-02-14T12:04:32+0000' | timeago}} • Announcement

$ITT expects 2017 total revenue to be down 2% to up 2% and GAAP EPS to be $1.45-1.75. Adjusted EPS is expected to be $2.18-2.48, which is flat at the midpoint and up 1% excluding the impact of FX vs. 2016. $ITT plans to increase its quarterly dividend by 3% to $0.128 per share and target up to $65MM of share repurchases.

$ITT {{ '2017-02-14T12:00:49+0000' | timeago}} • Announcement

$ITT reported a decline in 4Q16 earnings. Net income was $25.8MM or $0.29 per share compared to $36.7MM or $0.41 per share in 4Q15. Revenue was $588MM, reflecting a 12% decline that included a 2% negative impact from foreign exchange.

$ITT {{ '2017-01-26T19:20:33+0000' | timeago}} • Announcement

$ITT has completed the acquisition of Axtone, a manufacturer of highly engineered and customized components for railway and other harsh environment industrial markets. Axtone is headquartered in Poland, and has approximately 660 employees and six manufacturing locations.

$ITT {{ '2017-01-05T20:20:57+0000' | timeago}} • Announcement

$ITT announced that Luca Savi has been named Chief Operating Officer. The company also said that Industrial Process President Aris Chicles has announced he will be leaving $ITT.

$ITT {{ '2016-11-04T17:59:31+0000' | timeago}} • Webcast

$ITT stated that 3Q16 downstream orders were international and on the chemical side, petrochemical orders came from North America and the Middle East. The company added that it is seeing North America  and Middle East to have some momentum going forward.

$ITT {{ '2016-11-04T17:19:37+0000' | timeago}} • Webcast

During 3Q16, $ITT grew its friction OEM business 19%, excluding currency. Additionally, Motion Technologies delivered strong automotive aftermarket growth of 7%, driven by OEM platforms shifting to the dealer service cycle and favorable independent aftermarket results.

$ITT {{ '2016-11-04T11:41:54+0000' | timeago}} • Announcement

$ITT also adjusted its GAAP EPS and lowered its adjusted EPS guidance primarily due to lower short-cycle volumes, lower project profitability and unfavorable FX at Industrial Process segment. Consequently, the company now expects the GAAP EPS to be in the range of $1.96-2.15 and adjusted EPS is expected in the range of $2.20-2.30.

$ITT {{ '2016-11-04T11:39:12+0000' | timeago}} • Announcement

$ITT lowered its previously announced FY16 GAAP and organic revenue guidance. GAAP revenue is now expected to be down 5-6%, and organic revenue is expected to be down 9-10%, primarily due to lower short-cycle pump and project activity across all key end markets.

$ITT {{ '2016-11-04T11:38:40+0000' | timeago}} • Announcement

Industrial components manufacturer $ITT posted lower 3Q16 earnings, hurt by higher restructuring and realignment costs. Net income for the quarter fell 31.06% to $90.1MM or $0.98 per share from $130.7MM or $1.07 per share a year ago. Revenue for the quarter fell 3.35% to $581.7MM. Excluding items, $ITT earned $0.58 per share.

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