Thomas explores strategic alternatives

• Book ID: 104397874
• Publisher: Elsevier Science
• Year: 2004
• Tongue: English
• Weight: 122 KB
• Volume: 2004
• Category: Article
• ISSN: 1359-6128
• DOI: 10.1016/s1359-6128(04)00578-6

✦ Synopsis

Components.

The company is forecasting full year 2005 earnings per share between US$5.00-5.15. "We're certainly pleased with the double digit organic revenue and earnings growth we've realized so far in 2004, reflecting the strength of our portfolio and the soundness of the ITT management system," said CEO Steve Loranger.

ITT expects the continued growth in 2005 to come from favourable catalysts within the Fluid Technology and Defense segments, the recently acquired space and water businesses and improved margins. "We will enter 2005 with clear goals and objectives in terms of our key strategies of growth, operational excellence and leadership development. We believe we are positioned to grow revenues 6-12% to US$7.2 billion-7.4 billion, continue growing operating margin and cash flow, and anticipate a 2005