Cowen Updates Its Model Following ITT Corp. (ITT) 3Q Results; Cuts Price Target to $50

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ITT Chief Executive Officer and President Denise Ramos to Present at Baird’s 2015 Industrial Conference

November 2, 2015 6:45 AM EST

WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- ITT Corporation (NYSE: ITT) Chief Executive Officer and President Denise Ramos will present at Bairds 2015 Industrial Conference in Chicago, on Monday, Nov. 9, 2015. Her comments will begin at 10:30 a.m. CT.

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ITT Reports Solid 2015 Third-Quarter Results

October 30, 2015 6:55 AM EDT

Company raises full-year GAAP EPS guidance; maintains adjusted EPS, and revenue guidance

Sees benefits from continued effective management of net asbestos liability

GAAP Results:

Revenue down 8% to $602 million Segment operating margin at 14.1% EPS increased to $1.07

Adjusted Results:

Organic revenue down 2% Segment operating margin at 15% EPS of $0.63

WHITE PLAINS, N.Y.--(BUSINESS... More