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MarketScreener Homepage  >  Equities  >  Nyse  >  ITT Inc.    ITT

ITT INC.

(ITT)
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ITT : Wolverine Advanced Materials Launches QUIETPATH(TM) Value Line of High Performance Aftermarket Brake Shim & Abutment Clip Materials

10/09/2020 | 07:57am EST

New cost-effective offering provides high noise attenuation across a broad range of conditions

DEARBORN, Michigan - Wolverine Advanced Materials, an ITT Inc. (NYSE: ITT) Company, announces the launch of its new Value Line of QUIETPATH(TM) aftermarket brand brake shim and abutment clip materials that offer high noise attenuation across a broad range of environmental conditions. These new cost effective material solutions will provide both direct customers and friction manufacturers with premium materials at an improved price position that are ideal for competitive bid situations.

The initial introduction includes two new exclusive brake shim materials and one new abutment clip material for the good & better segment of the independent automotive brake friction aftermarket.

"Traditionally, friction pads in these segments feature painted or epoxy coated metals with minimal NVH performance benefits," said Steven Sehmer, Executive Director of Global Aftermarket at Wolverine Advanced Materials. "We are changing this dynamic by offering a line of high performing, O.E. grade NVH material, at an economical price."

As a leading global original equipment supplier of brake shims and aftermarket shim materials, Wolverine has engineered new shim materials with proven original equipment grade NBR elastomer and proprietary acrylic adhesive that can be formed into clip-on or stamped into flat style shims with adhesive backing.

QUIETPATH(TM) abutment clip material features NBR, PTFE and modified stainless steel, offering high formability and corrosion resistance. The core metal substrate thicknesses can be modified based on customer requirements.

These cost effective solutions are achieved through use of high production volume raw material components, process efficiencies and optimizing the thickness of the layers of metal, elastomer and adhesive within the overall composition.

The QUIETPATH(TM) image will provide friction manufacturers the ability to promote the brand of a recognized leader in the industry.

These new 'universal' materials can be applied to a broad range of friction formulations.

Copyright Wolverine Advanced Materials About ITT ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and oil and gas markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in White Plains, N.Y., with employees in more than 35 countries and sales in approximately 125 countries. The company generated 2019 revenues of $2.85 billion. About Wolverine Advance Materials Wolverine Advanced Materials, an entity of ITT Inc.'s Motion Technologies Division, is a leading developer and manufacturer of high-performance materials. Wolverine's core competency is in performance-critical, specialty elastomer-coated metals that offer damping and sealing solutions in the Automotive Brake NVH, and Sealing industries. Extensive industry knowledge and innovative materials have made Wolverine a desired and trusted global supplier for over 80 years. Wolverine employs approximately 700 people worldwide and has manufacturing operations in Virginia, Florida, Germany, and China, as well as sales & technical offices in Michigan, Germany, Japan, China, Brazil, and India.

Investors: Emmanuel Caprais

+1 914-641-2030

emmanuel.capraisIR@itt.com

Media: Lisa Wolfe

+1 914-641-2103

lisa.wolfe@itt.com

Customers and Sales: Steven Sehmer

+1 248-763-7294

steven.sehmer@wamglobal.com

.

(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
ITT INC. -1.26% 78.51 Delayed Quote.1.93%
VALUE LINE, INC. 1.33% 30.4 Delayed Quote.-7.80%
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Financials (USD)
Sales 2020 2 426 M - -
Net income 2020 136 M - -
Net cash 2020 687 M - -
P/E ratio 2020 38,8x
Yield 2020 0,85%
Capitalization 6 783 M 6 783 M -
EV / Sales 2020 2,51x
EV / Sales 2021 2,32x
Nbr of Employees 10 500
Free-Float 99,7%
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ITT Inc. Technical Analysis Chart | ITT | US45073V1089 | MarketScreener
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 13
Average target price 85,83 $
Last Close Price 78,51 $
Spread / Highest target 27,4%
Spread / Average Target 9,33%
Spread / Lowest Target -14,7%
EPS Revisions
Managers and Directors
NameTitle
Luca Savi President, Chief Executive Officer & Director
Richard P. Lavin Chairman
Emmanuel Caprais Chief Financial Officer & Senior Vice President
Orlando D. Ashford Independent Director
Geraud Darnis Independent Director
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