ITT Corp. (ITT) Raises Quarterly Dividend 9.7% to $0.147; 1% Yield
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UPDATE: ITT Corp. (ITT) Reports Agreement to Acquire Rheinhutte Pumpen Group
February 22, 2019 6:50 AM EST(Updated - February 22, 2019 6:51 AM EST)
ITT Inc. (NYSE: ITT) announced today that it has signed an agreement to acquire Rheinhütte Pumpen Group, a market-leading designer and manufacturer of centrifugal and axial flow pumps, from Aliaxis Group S.A.
The acquisition aligns with ITTs focused growth initiatives in target markets and will enhance the Industrial Process (IP) segments strategy with a complementary portfolio of centrifugal pump technologies suited to corrosive, abrasive and high-temperature industrial process environments. The acquisition will bolster IPs presence... More
ITT Corp. (ITT) Tops Q4 EPS by 8c, Revenue Misses, Offers Guidance
February 22, 2019 6:47 AM ESTITT Corp. (NYSE: ITT) reported Q4 EPS of $0.82, $0.08 better than the analyst estimate of $0.74. Revenue for the quarter came in at $678 million versus the consensus estimate of $699.93 million.
GUIDANCE:
ITT Corp. sees FY2019 EPS of $3.42-$3.66, versus the consensus of... More
