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Last €36.14 EUR
Change Today -0.025 / -0.07%
Volume 0.0
ITTA On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 5:34 AM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

itt corp (ITTA) Snapshot

Open
€35.91
Previous Close
€36.16
Day High
€36.32
Day Low
€35.37
52 Week High
04/16/15 - €39.47
52 Week Low
10/16/14 - €28.62
Market Cap
3.2B
Average Volume 10 Days
64.7
EPS TTM
--
Shares Outstanding
89.2M
EX-Date
03/11/15
P/E TM
--
Dividend
€0.50
Dividend Yield
1.02%
Current Stock Chart for ITT CORP (ITTA)

itt corp (ITTA) Related Businessweek News

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itt corp (ITTA) Details

ITT Corporation manufactures and sells engineered critical components and customized technology solutions for the energy, transportation, and industrial markets worldwide. The company operates in four segments: Industrial Process, Motion Technologies, Interconnect Solutions, and Control Technologies. The Industrial Process segment manufactures industrial pumps, valves, and related equipment comprising centrifugal, chemical, slurry and process, and paper stock pumps, as well as vertical, axial flow, multi-stage, and other pumps; twin screw, multiphase boosting system, and progressive cavity pumps; and industrial knife-gate and sanitary diaphragm valves. This segment also offers aftermarket solutions, such as parts supply, inventory optimization, field service, energy and reliability assessment, repair, upgrade, and overall equipment maintenance services; and water treatment systems. The Motion Technologies segment manufactures engineered and durable components comprising brake pads, shock absorbers, and damping technologies for passenger cars, light and heavy-duty commercial and military vehicles, buses, and rail transportation markets. The Interconnect Solutions segment designs and manufactures engineered connectors and cable assemblies, including electrical connectors of various types, such as circular, rectangular, radio frequency, fiber optic, D-sub miniature, micro-miniature, and cable assemblies. The Control Technologies segment provides flow control and actuation components, as well as motion control, energy absorption, and vibration isolation products for commercial aerospace, military, and other markets; and energy absorption, precision motion control, and natural gas regulators primarily for the automation, heavy industry, infrastructure, and oil and gas markets. The company was formerly known as ITT Industries, Inc. and changed its name to ITT Corporation in July 2006. ITT Corporation was founded in 1920 and is headquartered in White Plains, New York.

9,400 Employees
Last Reported Date: 02/20/15
Founded in 1920

itt corp (ITTA) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $942.3K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $426.6K
Senior Vice President and President of Motion...
Total Annual Compensation: $539.2K
Executive Vice President and President of Ind...
Total Annual Compensation: $428.5K
Senior Vice President and President of Interc...
Total Annual Compensation: $276.9K
Compensation as of Fiscal Year 2014.

itt corp (ITTA) Key Developments

ITT Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Revises Earnings Guidance for the Full Year 2015

ITT Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, revenue was $588.7 million against $674.5 million a year ago. Operating income was $57.9 million against $48.3 million a year ago. Income from continuing operations before income tax was $56.7 million against $47.2 million a year ago. Income from continuing operations was $38.6 million or $0.42 per basic and diluted share against $34.2 million or $0.36 per basic and diluted share a year ago. Net income attributable to the company was $42.1 million or $0.46 per basic and diluted share against $32.2 million or $0.35 per basic and diluted share a year ago. Net cash from operating activities was $8.2 million against net cash used in operating activities of $13.2 million a year ago. Capital expenditures was $30.2 million against 419.0 million a year ago. Adjusted income from continuing operations before tax was $81.5 million against $81.4 million a year ago. Income from Continuing Operations was $59.8 million or $0.65 per diluted share against $58.4 million or $0.62 per diluted share a year ago. Negative free cash flow was $22.0 million against $32.2 million a year ago. Adjusted negative free cash flow was $9.1 million against $19.3 million a year ago. On a GAAP basis, the company's revenue reflecting a 13% decline primarily driven by unfavorable foreign exchange and lower organic revenue. First-quarter GAAP EPS increased due to increased operating income, partially offset by a higher effective tax rate. Adjusted net income of $59.9 million and adjusted net income per share of $0.65, above the $0.62 a share reported in the year-earlier period. For the full year 2015, on a GAAP basis, the company is lowering its previously announced full-year 2015 GAAP EPS and revenue guidance. GAAP EPS is expected to be in the range of $1.65 to $1.83 and GAAP revenue is expected to be down 8.5 to 5.5%. On an adjusted basis, the company is lowering its full-year adjusted EPS guidance by $0.05 at the mid-point, driven by the expected negative impact of foreign exchange. Adjusted EPS is now expected to be in the range of $2.50 to $2.60, up 3% at the mid-point. Excluding the impact of foreign exchange, adjusted EPS would be up 14% at the mid-point. Organic revenue is now expected to range from down 2% to up 1%, compared to a previous range of up 1 to 3%, reflecting incremental pressures in the oil and gas and industrial markets partially offset by stronger global automotive OEM volumes.

ITT Corporation and BIW Connector Systems Introduce New High-Temperature Wellhead Penetrator System for Extreme Temperature Applications

ITT Corporation and its BIW Connector Systems brand will introduce a new high-temperature wellhead penetrator system for extreme temperature applications at the Electric Submersible Pump workshop, booth 50-52, April 22, 2015 to April 24, 2015 in The Woodlands, Texas. Metal-Lok Ultra with k-PaC Technology comprises a completely redesigned wellhead penetrator and an advanced design downhole connector suitable for use in temperatures of up to 500 degrees Fahrenheit/260 degrees Celsius and pressures of up to 3000 psi. The system allows electrical power to pass safely and reliably to submerged pumps through the well pressure barrier while withstanding extreme temperature applications. Metal-Lok Ultra with k-PaC Technology works at extreme temperatures previously unprecedented for penetrator systems. With the use of this technology, production operations such as steam-assisted gravity drainage can explore techniques that deliver higher production and higher profitability with confidence. Successful trials have already been completed with positive results. BIW's patented k-PaC Technology is also debuting at ESP 2015 along with the Presta family of mechanical splices. Metal-Lok Ultra with k-PaC Technology offers ease of installation and use and is completely compatible with BIW's existing line of high-temperature and surface connectors. It joins BIW's existing line of Metal-Lok and Metal-Lok High Temp electrical feedthru systems.

ITT and its BIW Connector Systems Brand to Introduce Breakthrough Electrical Penetrator Technology at ESP Workshop 2015

ITT Corporation and its BIW Connector Systems brand will introduce a sophisticated new electric submersible pump (ESP) cable penetrator technology at the Society of Petroleum Engineers’ ESP Workshop, booth 50-52, April 22-24 in The Woodlands, Texas. ITT’s BIW Connector Systems’ k-PaC™ Technology is the result of years of research, development and extensive lab and field-testing. The patented technology answers a pressing need for increased product lifetimes and reliability in the upstream artificial lift market, while also offering significantly improved ease of use and installation in the field. Applicable to a variety of electrical penetrator systems, k-PaC™ Technology establishes a pressure balance between the well conditions and the electrical connection. This balance eliminates forces on the cable and connector insulators and prevents conductive well fluids from damaging the connection. Eliminating these common sources of failure in existing penetrator technology allows systems with k-PaC™ Technology to operate with a longer life in harsher conditions, thereby ensuring continuous oil production.

 

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Industry Analysis

ITTA

Industry Average

Valuation ITTA Industry Range
Price/Earnings 19.5x
Price/Sales 1.4x
Price/Book 3.3x
Price/Cash Flow 18.7x
TEV/Sales 1.1x
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