Updated 03/19/2020
In response to the spread of COVID-19, the laws, regulations and public health guidance in the various jurisdictions in which we operate (most recently including New York and California) are changing rapidly. This is creating significant uncertainty and volatility impacting our people and our markets. We will continue to comply with all mandatory measures and intensely focus on satisfying the demand from our customers as they announce changes in their operations. We will, on a voluntary basis, reduce the number of office and/or production employees at our manufacturing and/or office facilities based on public health guidance, and market demand, among other considerations. Based on the highly dynamic nature of the global impacts of COVID-19, we intend to temporarily discontinue the use of this webpage for updates.
Updated 03/13/2020
As of March 13, 2020 at 12:01 a.m. Eastern Time, all of ITT’s major global manufacturing facilities are operating at or near normal levels, including major manufacturing facilities in Italy and China.
Any material changes at our major manufacturing facilities with regard to impact from the coronavirus will be provided here.
Safe Harbor Statement
This webpage contains “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates, assumptions and projections about our business, future financial results and the industry in which we operate, and other legal, regulatory and economic developments. These forward-looking statements include, but are not limited to, future strategic plans and other statements that describe the company’s business strategy, outlook, objectives, plans, intentions or goals, and any discussion of future events and future operating or financial performance.
We use words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “target,” “future,” “may,” “will,” “could,” “should,” “potential,” “continue,” “guidance” and other similar expressions to identify such forward-looking statements. Forward-looking statements are uncertain and to some extent unpredictable, and involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from those expressed or implied in, or reasonably inferred from, such forward-looking statements.
Where in any forward-looking statement we express an expectation or belief as to future results or events, such expectation or belief is based on current plans and expectations of our management, expressed in good faith and believed to have a reasonable basis. However, there can be no assurance that the expectation or belief will occur or that anticipated results will be achieved or accomplished. Among the factors that could cause actual results to differ from materially from those indicated by forward-looking statements on this webpage are the uncertainty surrounding the spread and impact of the recent novel corona virus outbreak on our business and on our customers and suppliers, as well as other risks and uncertainties that are inherent in our businesses. More information on factors that could cause actual results or events to differ materially from those anticipated is included in the Risk Factors section of the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed from time to time with the Securities and Exchange Commission.
The forward-looking statements included in this presentation speak only as of the date hereof. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.