11212017Tue
Last updateTue, 21 Nov 2017 4pm

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Valve Manufacturing

ITT Reports Strong 2017 Third-Quarter Results

ITT Inc. reported strong 2017 third quarter financial results that reflect the company’s ability to drive operational improvements and leverage the benefits from proactive restructuring while advancing share gains and market growth strategies in key global end markets. On a GAAP basis, the company delivered revenue of $645 million, an 11% increase over the prior year.

In the Industrial Process segment, total revenue increased 1% to $196 million, and organic revenue was flat, reflecting growth in short-cycle pumps and aftermarket service and parts, partially offset by project declines in the midstream oil and gas and mining markets and weaker valves. 

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