ITT Industries, Inc. Chairman, President and Chief Executive Officer Lou Giuliano told shareholders that the company’s employees are responsible for the multi-industry company’s track record of growth and value creation.
ITT Industries, Inc., announced today that it has acquired the business and assets of pump manufacturer Uniservice Wellpoint Srl. Based in Italy, Uniservice Wellpoint produces a range of high quality diesel and electric powered, vacuum primed centrifugal pumps, along with spear or well point dewatering systems for the rental market and sale.
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 Board of Directors of ITT Industries, Inc. (NYSE: ITT) declared a cash dividend of $0.16 per share for the first quarter of 2003, payable April 1, 2003, to shareholders of record on March 14, 2003.
The Board of Directors of ITT Industries, Inc. (NYSE: ITT) has elected Steven F. Gaffney to Vice President of the corporation. Gaffney is Vice President of the company’s Value-Based Six Sigma, developing strategy, policy, objectives and plans to integrate the company’s continuous improvement initiative into all of ITT’s operations.
ITT Industries, Inc. (NYSE: ITT) reported full year 2002 net income of $379.9 million and diluted earnings per share (EPS) of $4.06, up 37 percent and 33 percent respectively over the full year 2001. The comparison includes the $0.33 per share favorable impact of a tax settlement in the third quarter of 2002 and the net positive impact of restructuring reserves of $0.03 per share during the third and fourth quarters of 2002.
ITT Industries, Inc. (NYSE: ITT) announced that it has acquired the assets of PCI Membranes from Thames Water. The PCI Membrane products complement ITT Industries Fluid Technology’s pumps, mixers, aeration equipment and wastewater process systems, and will provide significant expansion opportunities for ITT Industries’ Sanitaire in the growing filtration and disinfection segments.
ITT Industries, Inc. (NYSE: ITT) announced that it has purchased the business and assets of the Biopharm Manufacturing Division of Martin Petersen Company, Inc., a leading manufacturer of process systems for the biopharmaceutical industry.
ITT Industries, Inc. (NYSE: ITT) announced the appointment of Robert M. Powers to the position of Director, Investor Relations. Most recently, Powers was Director, Head of Business Services – Investment Banking Group of Merrill Lynch.
