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FIN 534 Report




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Running Head: Financial Research Report
Financial Research Report
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ITT Corporation (NYSE: ITT) is a world wide producer and one of the top 10 U.S. defense
demands especially for the fields that involve in electronics and fluids with the yearly turn over
as about the income of $11 billion. As the largest supplier of pumps and systems in the transport
and treatment of water, ITT offers its services to local governments in the U.S. and to the
governments of developing nations. For their own military purpose, this corporation develops
night vision goggles and tele-communication standards for the U.S. military. This corporation
future is looking forward for the clean water demand in countries such as China and India. The
demand for the water is because of the reasons as such development in agriculture, population,
and their wealth to look forward for the country. ITT is standing in front to create a model to
entrust the developing nations with pure water. (WIKI Invest, 2012)
This corporation denotes the time for the financial report to be 58% of the income of company
for all kinds of their own solutions segment. One amount of interest for this corporation comes
from the contracts of the government. Since the September 11, 2001 terrorist attacks, U.S. spends
for defense in 35%, reaching $896.2 billion in 2012. ITT gathers three segments to share their
information: Defense Electronics & Services, Fluid Technology, and Motion & Fluid Control.
(WIKI Invest, 2012) Generating $6.3 billion in 2013, Defense Electronics & Services specializes
all forms of communication with the engineering and services to be integrated. This specializes
all forms of services as such the attack, defense for the night vision goggles be about 98
percentages of 2007 sales were to government entities, and 94% of sales were to the U.S.
In the year of 2013, they generated $3.4 billion in their revenue scale. Technology in the fluid
terms comes with organizing, support, preparation and the usage they have to purify the water.
One case of point is with the municipal community where they go with the pumping water for
refinery oils and chemical points. This sector is very helpful to note the demand for the quality
and fluid flow. They also own the largest share market for the flight brand in the pumps
manufacturers for their total sale.

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ITT Corporation demands for the merchandized projects with an issue for the effect to have the
business a set fall. In the U.S., many of the water treatment facilities built after World War II are
being replaced, and ITT is the leading supplier of wastewater treatment and handling equipment.
However, short-term shortfalls in municipal spending can delay the replacement of water
treatment facilities, and raising taxes or water bills to fund capital improvements is not politically
popular. (Yahoo Finance) Though federal funding for water projects has been declining since the
1960s, the Council of State Governments projects that population shifts to the semi-arid states of
the West and Southeast will increase the overall demand for water. For example, the populations
of Florida, California, and Texas are projected to increase by 12 million by 2030.
The competition came from the set of the aspect with their global trade set for the GE
Corporation. (Yahoo Finance) GE Company is also a multinational conglomerate specializing in
technology and services. When analysis was done based on their revenue status this corporation
is the leading my means of their market share. GE's water operating treatments comes in with
low price as the targeted influence deals them with high area of cost within their own market
share. The competitors are very a few as their production scale covers a wide range of areas.
ITTs increase their value share and service to focus on the true nature of their urbanized various
program aimed at gathering competitive pressure. Macro-economic culture does not suite for the
factors that are vulnerable for the company performance. As there is variation, in their own
exchanges the income move up with their operating cost and the levels they spend to reduce their
interest rates. In addition, changes as per the issues in the political and legislative bodies also
exposed to their own solutions.
Financial Performance:
In the financial year that ended on October 28, 2013 ITT earned a total of $ 2.9 billion and
income from continuing operations of $71 million. Apart from other incomes, the operating
income moved to an extent as a quarter of $218 million, or $1.17 per share, compared with $200
million or $1.08 per share, in the prior-year period. Revenue generated during this period
amounted Third-quarter 2013 revenue was $1.5 billion, an increase of 12 percent compared with
the third quarter of 2012. Increased gain comes in better revenue for Middle East service

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