ITT Corporation elected Richard P. Lavin as director, at the AGM held on May 7, 2013.

The board of directors of ITT Corporation has declared a cash dividend of 10 cents per share for the second quarter of 2013. This cash dividend will be payable July 1, 2013, to shareholders of record on May 24, 2013.

ITT Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company announced revenue of $608.2 million compared to $568.1 million for the same period a year ago. Operating income was $37.2 million compared to $36.7 million for the same period a year ago. Income from continuing operations before Income tax (benefit) expense was $34.5 million compared to $35.1 million for the same period a year ago. Income from continuing operations was $19.5 million or $0.20 per diluted share compared to $10.5 million or $0.11 per basic and diluted share for the same period a year ago. Net income was $21.2 million compared to $3.2 million for the same period a year ago. Net income attributable to the company was $20.8 million or $0.22 per diluted share compared to $3.2 million or $0.08 per basic and diluted share for the same period a year ago. Net cash used in operating activities was $12.3 million compared to net cash generated from operating activities of $18.4 million for the same period a year ago. Capital expenditures were $16.7 million compared to $13.0 million for the same period a year ago. Total segment operating income as adjusted was $77.6 million compared to $65.5 million for the same period a year ago. Income from continuing operations before tax as adjusted was $64.7 million compared to $53.3 million for the same period a year ago. Income from continuing operations attributable to the company as adjusted were $44.2 million or $0.47 per share compared to $36.8 million or $0.39 per share for the same period a year ago. Free cash flow used, including transformation was $29.0 million compared to free cash flow generated, including transformation of $5.4 million for the same period a year ago. Adjusted free cash flow used was $17.6 million compared to adjusted free cash flow generated of $63.9 million for the same period a year ago. The company maintained its guidance for full-year 2013 adjusted earnings in the range of $1.80 to $1.90 per share. Total revenue is expected to grow 9% to 11%, and adjusted segment operating margin is expected to grow 50 basis points.