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ITT Inc. (NYSE: ITT) today reported 2019 fourth-quarter and full-year financial results that reflected continued strong operational execution and share gain strategies in key global markets. The company also provided 2020 guidance.
ITT Inc. (NYSE: ITT) announced today that it is increasing its quarterly dividend 15 percent to 16.9 cents per share on the company’s outstanding stock. The ITT Board of Directors has approved the cash dividend for the first quarter of 2020, which will be payable on April 6, 2020, to shareholders of record as of the close of business on March 16, 2020.
ITT Inc. (NYSE: ITT) will release its fourth-quarter and full-year 2019 financial results, as well as its outlook for full-year 2020, at 6:45 a.m. Eastern Time, on Friday, February 21, 2020. At 9 a.m. Eastern Time, senior management will review the 2019 financial and operating results, the 2020 outlook and answer questions during an investor briefing.
ITT Inc. (NYSE: ITT) and its Enidine, Aerospace Controls and Matrix Composites brands will showcase patented Lead Lag Damper Silicone along with their collective portfolio of highly engineered product solutions for the rotorcraft industry at HAI HELI-EXPO 2020, January 28-30, in Anaheim, California. Enidine’s rotorcraft solutions reduce noise and vibration, enabling a more comfortable passenger experience and longer lifespan for components, while Aerospace Controls electric heaters and Matrix Composites leading composite technologies improve overall rotorcraft performance.
3M's (MMM) advanced-ballistic protection business divestment will enable it to concentrate on other businesses in Advanced Materials Division.
Strong commercial aftermarket business, and solid demand for Honeywell's (HON) commercial fire and building management products are likely to drive its revenues.
General Electric's (GE) onshore wind turbine solution - Cypress platform - is likely to make Rio Energy's Serra da Babilonia wind farm more efficient in producing renewable energy in Brazil.
General Electric's (GE) aviation unit receives contract to provide electric power system to Aerion's AS2 supersonic business jet. This contract strengthens business relationship between the two parties.
Honeywell's (HON) acquisition of Rebellion Photonics will enable it to enhance its portfolio of automation, process technologies and gas detection solutions.
ITT is likely to gain from the diversified business portfolio, innovation investments, shareholder-friendly policies, operational execution and acquired assets.
The divestment of 3M's (MMM) drug delivery business will enable the company to focus more on core health care business. This will also lead to a gain of 45 cents to 50 cents per share.
United Technologies' (UTX) business division Carrier will deliver its advanced VRF technology to Tims Coffee House in China along with a custom services package.