Valve Industry Buyers Guide
Print Page   |   Contact Us   |   Your Cart   |   Sign In   |   Register
Community Search
News & Press: Headlines

ITT Tops Third-Quarter Earnings Forecast and Raises Full-Year Adjusted Guidance

Monday, November 1, 2010  
Share |
ITT Corporation reported 2010 third-quarter revenue of $2.6 billion and net income of $145 million, or $0.78 per share.

Third-quarter 2010 Fluid Technology revenue of $920 million was up 11 percent on a year-over-year basis, primarily driven by acquisitions. Organic revenue (defined as total revenue excluding foreign exchange, acquisition and divestiture impacts) was up 3 percent, as a result of significant global municipal market growth, solid residential performance in North America and growth across emerging markets. Organic orders for the segment were up 5 percent, largely driven by residential growth in the Americas, improvements in emerging markets for oil and gas projects and strong Industrial Process business growth in North America. More…

Association Management Software Powered by YourMembership  ::  Legal