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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 22, 2006
ITT INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Indiana 1-5672 13-5158950
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
4 West Red Oak Lane
White Plains, New York
(Address of principal 10604
executive offices) (Zip Code)
Registrant's telephone number, including area code: (914) 641-2000
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (See General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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ITEM 7.01 REGULATION FD DISCLOSURE
The following information is furnished pursuant to Item 7.01 Regulation
FD Disclosure. This information shall not be deemed filed for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange
Act") or incorporated by reference into any filing under the Securities Act of
1933, as amended, or the Exchange Act, except as shall be expressly set forth by
specific reference in such filing. During his presentation at the Electrical
Products Group Conference 2006 Annual Spring Conference, in Longboat Key,
Florida on May 22, 2006, Mr. Steven R. Loranger, Chairman, President and Chief
Executive Officer of ITT Industries, Inc. is reaffirming the Company's 2006
earnings forecast of $0.75 - $0.77 per share for the second quarter and $2.91 -
$2.97 per share for the full year, including the impact of FAS123R, and $3.00 -
$3.06 per share for the full year, excluding the impact of FAS123R.
A copy of this press release is attached and incorporated by reference herein as
Exhibit 99.1.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
99.1 Press release dated May 22, 2006.
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ITT INDUSTRIES, INC.
By: /s/ Kathleen S. Stolar
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Kathleen S. Stolar
Its: Vice President, Secretary
and Associate General Counsel
Date: May 22, 2006
3
Exhibit 99.1
ITT INDUSTRIES REAFFIRMS Q2 AND FY 2006 EPS GUIDANCE
WHITE PLAINS, N.Y., May 22 /PRNewswire/ -- ITT Industries, Inc. (NYSE: ITT)
Chief Executive Officer Steven Loranger will today reaffirm the company's
earnings forecast of $0.75 - $0.77 per share for the second quarter and $2.91 -
$2.97 per share for the full year 2006 including the impact of the adoption of
FAS123R, and $3.00 - $3.06 per share for the full year excluding the impact of
the adoption of FAS123R.
Loranger's comments are to come during his presentation, scheduled to begin
at 9:00am EDT today, at the Electrical Products Group 2006 Annual Spring
Conference in Longboat Key, Florida.
Loranger's entire presentation will be webcast live at:
http://www.itt.com/ir
About ITT Industries
ITT Industries, Inc. (http://www.itt.com) supplies advanced technology
products and services in key markets including: fluid and water management
including water treatment; defense communication, opto-electronics, information
technology and services; electronic interconnects and switches; and other
specialty products. Headquartered in White Plains, NY, the company generated
$7.4 billion in 2005 sales. In addition to the New York Stock Exchange, ITT
Industries stock is traded on the Pacific, Paris, London and Frankfurt
exchanges.
"Safe Harbor Statement" under the Private Securities Litigation Reform Act
of 1995 ("the Act"):
Certain material presented herein includes forward-looking statements
intended to qualify for the safe harbor from liability established by the Act.
These forward-looking statements include statements that describe the Company's
business strategy, outlook, objectives, plans, intentions or goals, and any
discussion of future operating or financial performance. Whenever used, words
such as "anticipate," "estimate," "expect," "project," "intend," "plan,"
"believe," "target" and other terms of similar meaning are intended 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 in, or implied from, such forward-looking statements.
Factors that could cause results to differ materially from those anticipated by
the Company include general global economic conditions, decline in consumer
spending, interest and foreign currency exchange rate fluctuations, availability
of commodities, supplies and raw materials, competition, acquisitions or
divestitures, changes in government defense budgets, employment and pension
matters, contingencies related to actual or alleged environmental contamination,
claims and concerns, intellectual property matters, personal injury claims,
governmental investigations, tax obligations, and changes in generally accepted
accounting principles. Other factors are more thoroughly set forth in Item 1.
Business, Item 1A. Risk Factors, and Item 7. Management's Discussion and
Analysis of Financial Condition and Results of Operations - Forward-Looking
Statements in the ITT Industries, Inc. Annual Report on Form 10-K for the fiscal
year ended December 31, 2005, and other of its filings with the Securities and
Exchange Commission. The Company undertakes no obligation to update any forward-
looking statements, whether as a result of new information, future events or
otherwise.
SOURCE ITT Industries, Inc.
-0- 05/22/2006
/CONTACT: Tom Glover, +1-914-641-2160, tom.glover@itt.com /
/Web site: http://www.itt.com
http://www.itt.com/ir /
(ITT)