ITT Forecasts 7 to 12 Percent EPS Growth to $4.62 - $4.82 in 2011

ITT Corporation ITT today announced its full-year 2011 earnings forecast in the range of $4.62 to $4.82 per share, representing approximately 7 to 12 percent growth compared with its 2010 adjusted earnings per share guidance midpoint of $4.30. The company expects 2011 total revenue growth will be 3 to 5 percent compared with 2010 total revenue, which is forecast at approximately $11 billion. The company also today reaffirmed its 2010 adjusted earnings per share guidance range of $4.28 to $4.32, with the midpoint representing a 15 percent growth rate compared with 2009.