02192019Tue
Last updateTue, 19 Feb 2019 5pm

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ITT Expands Global Reach of Watermark Philanthropy Program

ITT Corp. announced an expansion of its global corporate philanthropy program, ITT Watermark, with a $200,000 investment toward improving water access for students and educators in mainland China. This new pledge underscores ITT Watermark’s three-year initial commitment to provide safe water and sanitation in more than 300 schools in Asia and Latin America — an initiative that will improve the lives of more than 100,000 children and their families.

Source: ITT

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Cortec Manifold Systems Acquires TCS

Cortec Manifold Systems (CMS) has purchased Technical Control Systems (TCS), an Array Holdings division, previously located in Oklahoma City. CMS took on the TCS entire line of products, including compact ball valves, check valves, subsea ball valves and drilling diverted valves.

Source: Energy Current

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ITT Reports First Quarter Earnings of $187 Million

ITT Corp. reported first quarter 2009 income of $187 mln, or $1.02 per share, from continuing operations, including a net $54 mln tax benefit resulting primarily from the reorganization of certain international legal entities.
 
First quarter revenue for the Fluid Technology segment was $744 mln, down 16% compared to the first quarter of the prior year or down 6% excluding the impact of foreign currency exchange.

Source: ITT

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Crane Co. Reports First Quarter '09 Results

Crane Co. reported first quarter 2009 net income of $23.3 million, or $0.40 per diluted share, compared with first quarter 2008 net income of $48.4 million, or $0.79 per diluted share. First quarter 2009 net income included an after-tax charge of $5.0 million, or $0.09 per share, related to a legal settlement separately announced today; excluding this charge, first quarter 2009 net income would have been $28.1 million, or $0.48 per diluted share.

Source: Crane Co.

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