ITT Inc., often commonly referred to as just ITT, is an illustrious manufacturing company, globally recognised for bringing forth top-of-the-line technology solutions and specialised services in diverse fields. The company is based in White Plains, New York, and is publicly traded under the ticker symbol 'ITT' on the New York Stock Exchange.
Established in 1920 as the International Telephone & Telegraph, ITT initially dived into the telecommunication industry, gradually extending its ventures over a broad sector including entertainment, hotel, food, and, more predominantly, electronic components and defense. It was in 1995 that the company decided to split into three separate entities, one of which retained the original name, ITT Corporation and continued its services in water technology and defense-related operations.
ITT Inc. as we know it today came into existence after a further spinoff in 2011, narrowing its focus on manufacturing control systems and components in the areas of transportation, industry, and oil and gas. The company has gained immense significance for taking the front seat in the industry, pioneering state-of-the-art technologies and customer-centric solutions.
ITT's business is divided into three primary segments: Industrial Process, Motion Technologies, and Connect and Control Technologies. Industrial Process offers innovative solutions for key industrial markets including chemical, oil & gas, mining, and other industrial process markets. Motion Technologies primarily serves the transportation industry, specializing in the development of brake pads, shock absorbers and other related products for the automotive market. Connect and Control Technologies serves customers in aerospace, defense, infrastructure, energy, automation, transportation, and other markets.
Through these segments, ITT has continuously demonstrated the ability to forge ahead with technological advances, offering performance-enhancing solutions that cater to a myriad of customer requirements. Operating under the leadership of CEO and President, Luca Savi, the company's commitment lies in its ability to solve complex customer challenges, ultimately delivering solutions of superior value.
In terms of ITT's corporate responsibility, the company holds a robust framework for ethical business practices and sustainability efforts. Their commitment to responsible growth is reflected not only in their innovative products which contribute to a sustainable future, but also in their efforts to build a diverse and inclusive workforce, support the communities in which they operate, and uphold high standards of business ethics and integrity. With a nearly century-long history and a solid track record of innovative solutions, ITT Inc. continues to strengthen its position as a global leader in the manufacturing industry.