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Last $37.41 USD
Change Today +0.69 / 1.88%
Volume 1.0M
ITT On Other Exchanges
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As of 8:04 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

itt corp (ITT) Key Developments

ITT Corporation Declares Third-Quarter Dividend, Payable Oct. 1, 2015

The board of directors of ITT Corporation has declared a third-quarter cash dividend of 11.83 cents per share on the company’s outstanding stock. This cash dividend will be payable Oct. 1, 2015, to shareholders of record as of the close of business on Sept. 11, 2015.

ITT Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance Fro the Full Year of 2015

ITT Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported operating income of $164.5 million, income from continuing operations before income tax expense was $164.2 million, income from continuing operations was $140.7 million or $1.56 diluted per share, net income attributable to ITT Corporation was $142.3 million or $1.58 diluted per share on revenue of $628.2 million against operating income of $54.5 million, income from continuing operations before income tax expense was $54 million, income from continuing operations was $41.6 million or $0.44 diluted per share, net income attributable to ITT Corporation was $38.3 million or $0.41 diluted per share on revenue of $663 million for the same period a year ago. Adjusted EPS, which excludes special items, increased 15% to $0.69, reflecting solid segment operational performance, lower corporate costs and a lower share count. For the six months, the company reported operating income of $222.4 million, income from continuing operations before income tax expense was $220.9 million, income from continuing operations was $179.3 million or $1.97 diluted per share, net income attributable to ITT Corporation was $187.4 million or $2.03 diluted per share on revenue of $1,216.9 million against operating income of $102.8 million, income from continuing operations before income tax expense was $101.2 million, income from continuing operations was $75.8 million or $0.80 diluted per share, net income attributable to ITT Corporation was $70.5 million or $0.76 diluted per share on revenue of $1,337.5 million for the same period a year ago. Net cash from operating activities was $89.5 million against $84.3 million for the same period a year ago. Capital expenditures were $46.0 million against $45.7 million for the same period a year ago. Adjusted free cash flow was $65.7 million against $62.2 million a year ago. On a GAAP basis, the company is lowering its previously announced full-year 2015 GAAP revenue guidance and raising its full-year EPS guidance. GAAP revenue is expected to be down 9 to 7%. GAAP EPS is now expected to be in the range of $2.32 to $2.50. On an adjusted basis, the company is lowering its full-year EPS guidance by $0.05 at the mid-point, as the continuation of first-half operational execution, incremental second-half restructuring savings and favorable corporate cost controls are expected to be more than offset by lower second-half volumes and the disruption impacts at Interconnect Solutions. Adjusted EPS is now expected to be in the range of $2.45 to $2.55.

ITT Corporation to Report Q2, 2015 Results on Jul 31, 2015

ITT Corporation announced that they will report Q2, 2015 results at 7:00 AM, US Eastern Standard Time on Jul 31, 2015

ITT Corporation, Q2 2015 Earnings Call, Jul 31, 2015

ITT Corporation, Q2 2015 Earnings Call, Jul 31, 2015

ITT Corporation to Showcase a Range of Interconnect Solutions at the 2015 International Paris Air Show

ITT Corporation and its Cannon brand will showcase a range of interconnect solutions at the 2015 International Paris Air Show. The company will highlight its broad range of solutions for commercial and defense aerospace customers at Stand A98 in Hall 3 at Paris-Le Bourget Airport, June 15-21. From navigation, communication and control systems, to engines, imaging systems and in-flight entertainment, Cannon offers high-performance, off-the-shelf and customized solutions to support all segments of commercial and defense aviation. Cannon's continual drive for more robust, compact and lightweight connectors helps aircraft manufacturers and operators achieve optimal performance and efficiency, while delivering an enhanced passenger experience.

 

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ITT

Industry Average

Valuation ITT Industry Range
Price/Earnings 11.5x
Price/Sales 1.3x
Price/Book 2.6x
Price/Cash Flow 11.0x
TEV/Sales 1.0x
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