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Itt Indus.


 Itt Indus is a publicly traded company having a good stock performance result. Itt Indus is a fortune 500 stock listed company trading under ITT.
 
The forward momentum achieved by ITT Industries over the past few years accelerated in 2004. Annual revenues increased by 21 percent to 6.76 billion dollars, driven by increased sales in all 4 business segments, the completion of several strategic acquisitions, and the positive impact of foreign currency translations. Segment operating income rose 18 percent to 717.3 million dollars on higher volume and improved efficiencies in all their business segments.
 
Their two largest business segments, Fluid Technology and Defense, continue to be the revenue and profit pacesetters for ITT Industries, but this past year they saw a surge in the performance of their Electronic Components and Motion & Flow Control businesses.
 
The company has their strong year; they have now achieved more than 10 consecutive quarters of growth and 5 consecutive quarters of double digit organic growth. And they are well positioned to maintain this pace. The company has more than 21 percent of their sales in 2004 came from new products, a significant move towards best in class performance in this area.
 
There is room for improvement. In 2004, after years of steady growth, their segment operating margin was relatively flat at 10.6 percent. Cash from operating activities of
528.6 million dollar declined from 2003, partly because of one time tax refunds in 2003 and partly from higher working capital required to fund their sales growth.
 
The market has rewarded them for their consistent performance. Their total shareholder return for 2004 was 15 percent, which represents their fifth consecutive year of double-digit increases. Their performance over the past 5 years more than 160 percent total shareholder return far outpaces their peer group and the S&P 500. In 2005, ITT Industries’ share price has continued its climb, and they have communicated their expectation for solid revenue and earnings growth, and improved operating margins.
 
The world’s largest manufacturer of pumping and water treatment systems, they expanded further in 2004 with the acquisitions of a leading-edge water disinfection company, WEDECO, and a Chinese water purification company, Hengtong Advanced Water Treatment, based in Shanghai.
 
The ITT Industries proud of the heritage as a world leader in engineering and manufacturing, and especially proud of the 42,000 ITT employees around the world who bring their own diligence and expertise to meet the needs of their customers.
 

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