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.

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