News Valve Manufacturing ITT Reports First Quarter Earnings of $187 Million
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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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