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ITT
ITT

-4.02%

Machinery & equipment / Highly engineered components and solutions

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Company Overview

General information about the ITT company
ITT Inc. is a global diversified industrial company engaged in the design, manufacture, and sale of a wide range of engineered products and solutions. The company was founded in 1920 as International Telephone & Telegraph and has since evolved through various mergers, acquisitions, and divestitures to become a leading provider of highly engineered products and services to a variety of industries.
Headquartered in White Plains, New York, ITT operates in four segments: Industrial Process, Motion Technologies, Connect and Control Technologies, and Defense and Information Solutions. The company's products and services are used in a variety of industries, including oil and gas, aerospace, industrial and automotive, defense, and more.
ITT has a presence in over 125 countries and employs approximately 10,000 people worldwide. The company has a strong commitment to sustainability and corporate responsibility, focusing on energy efficiency, environmental stewardship, and social impact.
ITT is publicly traded on the New York Stock Exchange under the ticker symbol ITT and is included in the S&P 500 index.
What is special about the ITT company?
ITT Inc. is a global technology and manufacturing company that specializes in engineering and producing highly engineered products and services for various industries including defense, aerospace, industrial, chemical, and transportation. Here are some of the things that make ITT a unique and special company:
1. History: ITT has a long and rich history dating back to its founding in 1920, where it was one of the original companies listed on the New York Stock Exchange. Over the years, ITT has grown and evolved through various historic events, such as the acquisition of the Federal Laboratories in 1955, the launch of the first commercial communications satellite in 1965, and the development of its famous Mail-A-Voice system in the 1970s.
2. Diverse portfolio: ITT has a diverse portfolio of products and services, ranging from advanced engineering and manufacturing capabilities to high-tech solutions for global customers. Its wide range of products includes pumps, valves, connectors, switches, actuators, and more. This diverse portfolio allows ITT to serve a variety of industries and customers, making it a more resilient and stable company.
3. Strong focus on innovation: ITT is dedicated to continuous innovation and spends a significant amount of resources on research and development (R&D). This has resulted in numerous patents and breakthrough technologies, such as the Magnetek variable frequency drive, which has revolutionized the way energy is used in the oil and gas industry.
4. Commitment to sustainability: ITT is committed to minimizing its environmental impact and promoting sustainable practices. The company has set ambitious sustainability goals, including reducing its carbon footprint and water usage, and has implemented sustainability programs throughout its operations.
5. Global presence: With operations in over 35 countries, ITT has a strong global presence and is well positioned to serve international markets. This global footprint allows the company to tap into a diverse pool of talent, resources, and markets, making it a more competitive and versatile company.
6. Strong corporate culture: ITT has a strong corporate culture focused on diversity, integrity, and excellence. The company values its employees and strives to create a positive and inclusive work environment where everyone can reach their full potential.
7. Commitment to social responsibility: ITT is committed to being a responsible corporate citizen and supports various social and community initiatives. The company has a philanthropic arm, the ITT Foundation, which supports education, health, and environmental causes in the communities where it operates.
Overall, ITT's unique combination of a long history, diverse product portfolio, focus on innovation and sustainability, global presence, strong corporate culture, and social responsibility sets it apart from other companies in the industry and makes it a special organization.

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