ITT Gains From End-Market Strength & Buyouts Amid Headwinds

ITT Inc. (ITT) has been benefiting from solid momentum in its aftermarket business, driven by robust demand for parts and services. A strong pipeline of projects in energy, mining and decarbonization markets, including a new contract with ExxonMobil, bode well for the Industrial Process segment.Growth in component sales within the commercial aerospace and defense markets has been driving the Connect & Control Technologies segment. Also, solid momentum in the friction OE (original equipment) business is supp ...