ITT Corporation announced that its board of directors has unanimously approved a plan to separate the company’s businesses into three distinct, publicly traded companies. Under the plan, ITT would execute tax-free spinoffs to shareholders of its water-related businesses and its Defense & Information Solutions segment.
Hy-Lok USA has expanded its instrument valve product line with Double Block & Bleed Valves that can be designed and engineered to order. Double Block & Bleed Valves, also known as DBB isolation valves, provide an alternative to multi-valve systems by combining typical block and bleed components into a compact, space-saving unit.
Parker Instrumentation launched ball and needle instrumentation valves optimized for high pressure fluid control applications operating at up to 20,000 PSI/1379 bar.
ITT Industries, Inc. announced first quarter 2005 net income of $116.5 million, up $27.6 million over the first quarter 2004 including the net benefit of special items. Diluted earnings per share (EPS) for the quarter, including the net benefit of special items, was $1.24, up $0.30 per share from reported EPS in the first quarter 2004.
ITT Industries has announced the appointment of two sales representatives for its Fluid Handling Division (FHD) products in southern Nevada and northern Georgia/southeastern Tennessee.
ITT Industries has announced the appointment of two sales representatives for its Fluid Handling Division (FHD) products in southern Nevada and northern Georgia/southeastern Tennessee.
Crane Co. announces that its English subsidiary, Crane Limited, has purchased the pipe coupling and fittings businesses from Etex Group S.A., including the Victaulic, Viking Johnson, Helden and Wask branded products, for a purchase price of £17.3 million in cash and assumed debt.
South Africa’s R1300 million pump industry will be showcased at this year’s third International Pumps, Valves and Pipes Africa 2003 (PVP 2003) exhibition and conference to be held in Kyalami Midrand in June.
ITT Industries, Inc. (NYSE: ITT) reported full year 2002 net income of $379.9 million and diluted earnings per share (EPS) of $4.06, up 37 percent and 33 percent respectively over the full year 2001. The comparison includes the $0.33 per share favorable impact of a tax settlement in the third quarter of 2002 and the net positive impact of restructuring reserves of $0.03 per share during the third and fourth quarters of 2002.
ITT Industries, Inc. (NYSE: ITT) announced that it has purchased the business and assets of the Biopharm Manufacturing Division of Martin Petersen Company, Inc., a leading manufacturer of process systems for the biopharmaceutical industry.
