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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): June 20, 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 10604
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (914) 641-2000
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))
Not Applicable
(Former name or former address, if changed since last report)
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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 Wachovia
Securities' 16th Annual Nantucket Equity Conference in Nantucket, Massachusetts
on June 20, 2006, Mr. George E. Minnich, Senior Vice President and Chief
Financial Officer of ITT Industries, Inc. reaffirmed the Company's second
quarter 2006 forecast of $0.75 - $0.77 per share, excluding special items and
the Company's full year 2006 forecast of $2.91 - $2.97 per share including the
impact of the adoption of FAS123R. Excluding the impact of the adoption of
FAS123R the forecast is $3.00 - $3.06 per share for the full year. Mr. Minnich
said the Company expects second quarter earnings to be at the high end of
forecast due to continued growth in the water/wastewater business and defense
segment. As previously announced, the company expects to invest the first
quarter gains from the disposition of two businesses into restructuring efforts
throughout 2006
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 June 20, 2006.
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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: June 20, 2006
3
Exhibit 99.1
ITT INDUSTRIES, INC.
4 West Red Oak Lane
White Plains, NY 10604
tel 914 641 2000
fax 914 696 2977
PRESS RELEASE
FOR RELEASE at 3P EDT
Contact: Tom Martin
+ 914-641-2157
tom.martin@itt.com
GEORGE MINNICH TO SPEAK AT WACHOVIA SECURITIES CONFERENCE
White Plains, NY- June 20, 2006 - ITT Industries, Inc. (NYSE: ITT) Chief
Financial Officer George Minnich today will present at Wachovia Securities' 16th
Annual Nantucket Equity Conference. Minnich's comments are scheduled to begin at
4:00pm EDT.
"As previously announced, continued growth in our water/wastewater business and
our defense segment gives us increased confidence that our second quarter
earnings should be at the high end of our stated range of $0.75 - $0.77 per
share, excluding special items," Minnich says.
The second quarter forecast, excluding special items is $0.75 - $0.77 per share
and the full year forecast is $2.91 - $2.97 per share including the impact of
the adoption of FAS123R. Excluding the impact of the adoption of FAS123R the
forecast is $3.00 - $3.06 per share for the full year. As previously announced,
the company expects to invest the first quarter gains from the disposition of
two businesses into restructuring actions throughout 2006.
Minnich's entire presentation will be webcast live at: 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 NYSE Arca, Paris, London and Frankfurt exchanges.
- more -
"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.
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