“A 2011 spinoff that shed its water and military-technology units shaped ITT into its current form: a manufacturer of specialty components for the energy, transportation and industrial markets,” said Fortune Magazine editors in the release.
“Denise Ramos, who assumed the CEO job during the split, has proved that ITT can be a profitable company on its own,” continued the editors in the release. “In the past 12 months, the company has reported sales growth of almost 14 percent and its shares have increased by 10 percent. The firm’s brightest spots? Automotive brake pads in Europe, a growing market share in China, and oil and gas project pumps in North America, Latin America and the Middle East.”
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