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United States

Profile: ITT Inc (ITT.N)

ITT.N on New York Stock Exchange

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26 May 2017
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ITT Inc., incorporated on January 1, 2016, is a manufacturer of engineered critical components and customized technology solutions for the energy, transportation and industrial markets. The Company operates through four segments: Industrial Process (IP), Motion Technologies (MT), Interconnect Solutions (ICS) and Control Technologies (CT). The Company manufactures components that are integral to the operation of systems and manufacturing processes in these markets. The Company's brands include Goulds Pumps, Bornemann, Engineered Valves, Cannon, VEAM, BIW Connector Systems, KONI, Wolverine, Enidine, Environmental Control Systems and ITT.

Industrial Process

The IP segment is an original equipment manufacturer (OEM) and service provider offering a portfolio of industrial pumps, valves and plant optimization systems and services. Its business units include Industrial Products, Engineered Systems and Aftermarket Solutions, which serves a range of customers ranging from multi-national companies and engineering, procurement and construction (EPC) firms to regional distributors and end user customers. IP's customers operate in global infrastructure and natural resource markets, such as oil and gas, chemical and petrochemical, pharmaceutical, general industrial, mining, pulp and paper, food and beverage, and power generation.

The industrial products business designs and manufactures configured-to-order industry standards-based industrial pumps, valves and equipment for both original equipment installations and replacement parts and pumps. These products include a portfolio of centrifugal process pumps and engineered industrial and sanitary valves. The Engineered Systems business provides engineered and customized pumping systems used in a range of service conditions both original equipment installations and replacement parts and pumps. Products include American Petroleum Institute (API) centrifugal pumps, vertical centrifugal pumps, twin screw positive displacement pumps and water systems. The Company's pumping systems are generally part of capital projects, which have lead times and are generally managed by EPCs. The Aftermarket Solutions business provides customers with parts, services, and solutions that reduce total cost of ownership for pumps and rotating equipment. In addition to providing standard repairs and upgrades, the business also develops engineered solutions for specific customer process issues.

Motion Technologies

The MT segment is a manufacturer of braking pads, shims, shock absorbers, damping and sealing technologies for the transportation industry, including passenger cars, light- and heavy-duty commercial and military vehicles, buses and rail transportation. MT consists of three business units: Friction Technologies, KONI and Wolverine. The Company's Friction Technologies business manufactures a range of brake pads installed as original equipment (OE) pads on cars and light and heavy duty commercial vehicles. Friction Technologies also manufactures aftermarket brake pads designed for the automotive service and repairs market. This market consists of both OE dealers, also referred to as original equipment spares (OES) networks, and independent aftermarket (AM) networks.

The KONI business organizes its various performance shock absorber products into three product groups: Railway Rolling Stock; Car & Racing, and Bus, Truck & Trailer. Railway Rolling Stock provides a range of equipment for passenger rail, locomotives, freight cars, high speed trains and light rail. Its offerings include hydraulic shock absorbers (primary, lateral and inter-car), yaw dampers, as well as visco-elastic and hydraulic buffers. Car & Racing features performance shock absorbers, which uses its Frequency Selective Damping (FSD) technology. Bus, Truck & Trailer manufactures shock absorbers and bus dampers, for sale to both OEM and AM customers.

Wolverine is a manufacturer of customized technologies for automotive braking systems and specialized sealing solutions for a range of environments across a range of industries. Brake shims are thin metal and rubber adhesive dampeners that fit onto the brake pad and against the brake caliper to prevent excessive noise and vibration. Gaskets are an anti-vibration solution and a sealing solution that prevent fluid spillage with applications to engines, transmissions, exhaust systems, fuel systems, and a range of pneumatic systems. MT has production facilities in Western Europe, Eastern Europe and China.

Interconnect Solutions

The ICS segment designs and manufactures a range of engineered connectors and cable assemblies for critical applications in harsh environments. ICS's product portfolio includes military-specification, and commercial electrical connectors, which include Circular, Rectangular, Radio Frequency, Fiber Optic, D-sub Miniature, Micro-Miniature and cable assemblies. ICS deliver solutions to enable the transfer of data, signal, and power into end user markets, which include aerospace and defense, transportation and industrial, and oil and gas. ICS Aerospace and Defense products include industry standards-based connectors and customized interconnect solutions for most segments of the commercial aviation and defense industry. These products are designed to withstand the extreme shock, exposure and vibration environments that are typical in aviation and military applications.

ICS Transportation products include connectors for high-speed, mainline, metro and light passenger rail, heavy-duty vehicles, electric vehicle applications, and medical devices. ICS Industrial products include connectors for industrial production equipment, industrial electronics and instruments, and other industrial and medical applications. ICS Oil and Gas products include connectors that provide power for electric submersible pumps (ESP) in oil and gas wells, reservoir monitoring instruments and electrical downhole heaters. Its product applications include electrical power penetrations for wellheads, packers and pods that are able to accommodate any size and provide for multiple sealing strategies and ratings. ICS has production facilities in the United States, Mexico, Germany and China.

Control Technologies

The CT segment manufactures a range of equipment, which includes actuation, fuel management, noise and energy absorption, and environmental control system components, for the aerospace and defense, and industrial markets. CT's customer base includes end users, OEMs and distributors. It consists of two business units: CT Aerospace and CT Industrial.

CT Aerospace designs and manufactures products for commercial aerospace, business aviation, rotorcraft, defense, and other markets. Aircraft component products consist of fuel and water pumps, valves, electro-mechanical rotary and linear actuators, and pressure, temperature, limit, and flow switches for various aircraft systems. Aircraft interior products include a range of engineered elastomer isolators to protect equipment and keep the interior of the aircraft quiet, stowage bin rate controls, rotary hinge dampers and actuators, and seat recline locks and control cables. CT Aerospace also provides electromechanical seat actuation for seating products.

CT Industrial designs, manufactures, and markets a range of bore shock absorbers, linear and rotary actuators, and process control instrumentation, such as high and low pressure regulators and flow, temperature, and pressure switches. The shock absorbers and actuators serve a range of applications in a range of end-markets, including automotive production, packaging and factory automation. The process control products serve the chemical, petrochemical and energy markets.

Company Address

ITT Inc

1133 Westchester Ave
WHITE PLAINS   NY   10604-3516
P: +1914.6412041

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