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Friday, February 20, 2015

For Manufacturer ITT, It Is Time to Put Its Balance Sheet to Work

White Plains, N.Y.-based ITT, a manufacturer of components for the energy, transport and other industrial markets, last week reported a fourth quarter that beat expectations but warned that 2015 earnings are likely to be held down by issues in the oil and gas segment and foreign-exchange concerns. among industrials exposed to upstream energy, and he warned that ITT's higher-than-peer energy exposure could cause headaches in the months ahead.

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