ITT Industries Reiterates First Quarter, Full Year Guidance

12.03.2003

ITT Industries, Inc. (NYSE: ITT) Chief Financial Officer David J. Anderson will reiterate the company's previous guidance for first quarter and full-year 2003 earnings per share.

The reiteration is part of Anderson's prepared remarks for the Salomon Smith Barney Industrial Conference in New York City later this afternoon. The company expects first quarter EPS in the range of $0.78 and $0.82, and full year EPS between $3.70 and $3.90.

"We remain confident in our ability to deliver earnings growth in a difficult environment, with continued strong performance in our core business segments," Anderson says. "We are sticking with our successful game plan, improving value for our customers through our ongoing Value-Based Six Sigma initiative, adding to our strong cores and continuing to deliver strong cash flow."

About ITT

ITT Industries, Inc.supplies advanced technology products and services in key markets including: electronic interconnects and switches; defense communication, opto-electronics, information technology and services; fluid and water management and other specialty products. Headquartered in White Plains, NY, the company generated $4.99 billion in 2002 sales. In addition to the New York Stock Exchange, ITT Industries stock is traded on the Midwest, Pacific, London, Paris and Frankfurt exchanges.

Source: ITT Inc.

More articles on this topic

Half-Year Financial Report 2021: KSB Increases Order Intake, Sales Revenue and EBIT

17.08.2021 -

The Frankenthal-based pump and valve manufacturer KSB had a very good start to the first half of the year. Supported by a significant recovery of the global economy, catch-up investments by customers and the successes derived from the realignment to markets, order intake and sales revenue rose significantly and are almost at the level of the very good year 2019.

Read more

GEA Gains Further Momentum in Second Quarter

16.08.2021 -

Thanks to continued gains from the efficiency program and the general economic recovery, GEA performed excellently in the second quarter. The company once again significantly improved across relevant key performance indicators: order intake, organic revenue development, earnings margin, net liquidity and return on capital employed (ROCE).

Read more

Pfeiffer Vacuum Reports H1 2021 Results

04.08.2021 -

Pfeiffer Vacuum Technology AG reported a record sales level of EUR 391.2 million, an increase of 29.6% compared to the previous year (H1 2020: EUR 301.9 million). The operating results (EBIT) reached EUR 48.1 million, an increase of 146.1% (H1 2020: EUR 19.5 million) representing a significantly improved EBIT margin of 12.3% (H1 2020: 6.5%).

Read more
Directly to the product selection in

PumpSelector

LATEST NEWS

JOB MARKET