ITT Inc at Gabelli Funds Pump, Valve & Water Systems Symposium (Virtual) Transcript
All right. Next up, we have ITT. ITT is a diversified manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial and energy markets. The company has 87 million shares outstanding. The stock trades around $83, $7.2 billion market cap, $740 million of net cash, $487 million asbestos liability, $6.9 billion total enterprise value.
Joining us today from ITT is CFO, Mr. Emmanuel Caprais. Emmanuel was named CFO of the company last year after previously serving as President of Finance and Group Chief Financial Officer in charge of Business Unit Finance teams as well as leading Financial Planning & Analysis and Investor Relations for the company. Emmanuel first joined ITT in 2012 as segment CFO for ITT's Motion Technologies and later Industrial Process businesses. Prior to joining ITT, he held leadership roles in finance at Marelli as well as Valeo.
Also joining us is Vice President of Investor Relations, Mr. Mark Macaluso. Mark joined ITT this year from Honeywell, where
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