Headquarters: 1133 Westchester Avenue
White Plains, NY 10604
CEO: Denise Ramos
Stock Symbol: ITT
ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the energy, transportation and industrial markets.
ITT is headquartered in White Plains, with employees in more than 35 countries and sales in a total of approximately 125 countries.
For 2013, the company reported revenues of $2.5 billion, a 6% increase, and net income of $488.5 million. Solid gains and strength in global automotive brake pads, global oil and gas and North American chemical project pumps, and core connectors markets offset weakness in global mining pumps, North American short-cycle base pumps and industrial valves.
The story of ITT begins with a historic call for its founders to develop phones. The original International Telephone & Telegraph was created in 1920 by two brothers named Sosthenes and Hernand Behn who set out to build the first worldwide system of interconnected telephone lines. This was a case of a business catching up with its aspirational name as the company had a small beginning as the Puerto Rico Telephone Company, but grew quickly through strategic acquisitions and the purchase of telephony patents. The result was the creation of a major international provider of telephone switching equipment and telecommunications services.
In January 2011, ITT Corporation announced plans to separate into three independent publicly traded companies.
On October 31, 2011, ITT Corporation, which continues to trade on the New York Stock Exchange as a highly engineered industrial products company that supplies solutions in the energy, transportation and industrial markets, executed tax-free spinoffs of its water-related businesses and its defense business to shareholders.
Employees enjoy medical and dental coverage, a company paid retirement plan, 401 K savings plan, life insurance protection, sickness and accident income protection, a generous vacation and holiday program, a tuition reimbursement program, and a program that allows you to use tax-free dollars to pay for many health care and dependent care expenses.