Key Developments: ITT Corp (ITT)
30.48USD
22 May 2013
$0.02 (+0.07%)
$30.56
$30.50
$30.90
$30.32
999,708
702,487
$30.93
$16.88
Latest Key Developments (Source: Significant Developments)
ITT Corp Reaffirms FY 2013 Guidance-Conference Call
ITT Corp announced that for fiscal 2013, it is on track to achieve organic revenue midpoint growth of 3% and total revenue growth of 10% and adjusted earnings per share (EPS) of $1.85. The Company reported revenue of $2.2 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $2.44 billion for fiscal 2013. Full Article
ITT Corp Declares Second Quarter Dividend Of $0.10 Per Share
ITT Corp announced that it has declared a cash dividend of 0.10 per share for the second quarter of 2013. This cash dividend will be payable July 1, 2013, to shareholders of record on May 24, 2013. Full Article
ITT Corp Updates FY 2013 Guidance-Conference Call
ITT Corp announced that for fiscal 2013, it expects 10% total revenue growth, 3% organic revenue growth and adjusted earnings per share (EPS) of $1.85. The Company reported revenue of $2.2 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $2.44 billion for fiscal 2013. Full Article
ITT Corp Announces Additional Share Repurchases
ITT Corp announced that it will continue to return capital to share owners by executing up to $75 million of additional share repurchases. Full Article
ITT Corp Approves Cash Dividend
ITT Corp announced that the Board of Directors has increased its dividend by 10% to $0.10 per share. The cash dividend for the first quarter of 2013, which will be payable on April 1, 2013, to shareowners of record on March 15, 2013. Full Article
ITT Corp Issues FY 2013 Guidance In Line With Analysts' Estimates
ITT Corp announced that for fiscal 2013, it expects adjusted earnings per share from continuing operations, with a range of $1.80 to $1.90 per share (EPS). Total revenue is expected to grow 9% to 11% driven by growth in the oil and gas, chemical and industrial markets, share gains in the global automotive market, the impact of the Bornemann Pumps acquisition and emerging market growth, partially offset by weakness in the mining and defense end markets. The Company reported revenue of $2.2 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.89 on revenue of $2.43 billion for fiscal 2013. Full Article
ITT Corp Announcing Sale of Shape Cutting Product Lines To Lincoln Electric Holdings, Inc.
ITT Corp announced that the sale of its shape cutting product lines, including the Burny and Kaliburn brands, to Lincoln Electric Holdings, Inc. a global manufacturer of welding, cutting and joining products headquartered in Cleveland, Ohio. The sale also includes web tension control products and custom engineered systems sold under the Cleveland Motion Controls brand. Terms of the transaction were not disclosed. Full Article
ITT Corp Tightens FY 2012 EPS Guidance To A Range In Line With Analysts' Estimates; Reaffirms FY 2012 Revenue Guidance
ITT Corp announced that it has maintained guidance for fiscal 2012 adjusted earnings midpoint of $1.67 while tightening the range to $1.64 to $1.70 per share. The Company also maintained organic revenue guidance of 5% to 7% including expected market share gains as well as the impact of late-cycle strength in mining, chemical, and oil and gas. The Company reported revenue of $2.119 billion in fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.67 and revenue of $2.218 billion for fiscal 2012. Full Article
ITT Corp Tightens FY 2012 EPS Guidance To A Range In Line With Analysts' Estimates; Reaffirms FY 2012 Revenue Guidance
ITT Corp announced that it has maintained guidance for fiscal 2012 adjusted earnings midpoint of $1.67 while tightening the range to $1.64 to $1.70 per share. The Company also maintained organic revenue guidance of 5% to 7% including expected market share gains as well as the impact of late-cycle strength in mining, chemical, and oil and gas. The Company reported revenue of $2.119 billion in fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.67 and revenue of $2.218 billion for fiscal 2012. Full Article
ITT Corp Declares Fourth-Quarter Dividend of 9.1 Cents Per Share
ITT Corp announced that the Board of Director has declared a cash dividend of 9.1 cents per share for the fourth quarter of 2012. This cash dividend will be payable December 31, 2012, to shareholders of record on November 19, 2012. Full Article
Earnings vs. 
Estimates
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