News Valve Manufacturing ITT Reports Solid Second Quarter
ITT Reports Solid Second Quarter
Friday, 30 July 2010 08:33
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ITT’s second-quarter 2010 Fluid Technology revenue of $878 million was up 1 percent on a year-over-year basis, primarily driven by the acquisition of Nova Analytics. Organic revenue was down 4 percent, as improvement in residential markets and strength in U.S. treatment and global dewatering was offset by municipal weakness in Europe and a decline versus a strong year-ago period in oil and mining projects.

Source: ITT

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