ITT 3Q Revenues Grow Across All Sectors Prior to Oct. 31 Spinoff

ITT Corp. (NYSE: ITT) released its third quarter financial results on Oct. 28, 2011.

After subtracting $93 million in after-tax spinoff expenses and other adjustments, the company reported it realized $218 million in income from continuing operations, or $1.17 per share.

That’s compared with $200 million or $1.08 per share in the prior-year period.

The company also reported increases in revenue across its three sectors:

  • The defense and information solutions segment generated $1.5 billion in revenue, a 12 percent  increase year-over-year.
  • The fluid technology sector brought in 17 percent more revenues than in the third quarter of 2010 with $1.1 billion.
  • Motion and flow control revenues also grew 6 percent over the period to $386 million.

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