ITT Industries Reaffirms Q2


ITT Industries, Inc. Chief Financial Officer Ed Williams reaffirmed the company's earnings projections for the second quarter and the full year 2004.

ITT Industries indicated that it expects to report EPS of $1.12 - $1.16 per share in the second quarter and $4.40 - $4.50 for the full year.

"The year is proceeding as we expected, with continued growth across all of our businesses, particularly in Defense and Fluid Technology, and with new products contributing to growth in our Electronic Components and leisure marine groups," Williams says in his scripted remarks. "While revenues are growing, we are maintaining our focus on continuous improvement, strengthening our competitive position and ensuring that we provide our customers with the best products and services."

The company also expects to complete its acquisition of Kodak's Remote Sensing Systems business early to mid-third quarter.

Source: ITT Inc.

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