Wed10222014

Last updateTue, 21 Oct 2014 4pm

Back You are here: Home News Industry Headlines Valve Manufacturing ITT Announces Strong Second-Quarter 2014 Results

Valve Manufacturing

ITT Announces Strong Second-Quarter 2014 Results

ITT Corporation reports second-quarter 2014 revenue grew by 9% to $663 million, driven by solid performances in all four business segments across most strategic end markets. Second-quarter revenue in the Industrial Process segment was up 8% to $289 million with organic revenue also up 8%.

Revenue results in ITT also reflect growth in key geographies, including 9% growth in both North America and emerging markets and 7% growth in Europe, as well as 8% overall organic revenue growth.

Second-quarter GAAP earnings from continuing operations increased to $0.44 per diluted share. Adjusted earnings from continuing operations, which excludes special items, increased 18% to $0.60 per diluted share, reflecting strong segment operational performances and a lower effective tax rate, partially offset by increased corporate costs. 

New Products

 

Valve Magazine Digital Edition

14 SUM CVR 160x214Inside the Summer 2014 issue…

• Attracting Talent
• Advances in Machining
• Severe Service in Power Plants
• SIS Tests and Standards

CLICK HERE TO REQUEST YOUR
DIGITAL EDITION PREVIEW EMAIL

oxandrolone for sale hcg drops vs injections best place for nicotine patch how to buy steroids online anavar 50