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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): September 27, 2006
ITT CORPORATION
(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
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 Prudential Equity Group Conference on September
26, 2006, Mr. George E. Minnich, Senior Vice President and Chief Financial
Officer of ITT Corporation reaffirmed the third quarter 2006 earnings forecast
of $0.74 - $0.76 per share, excluding special items but including the impact of
FAS 123R; the full year is $2.95 - $3.00 on the same basis, representing a 14-16
percent increase over 2005. Excluding FAS 123R, the 2006 full year earnings per
share forecast is $3.04 - $3.09, up 17-19 percent from the prior year. Mr.
Minnich said the Company expects third quarter earnings to be at the high end of
the range based on current business trends. As previously announced, the company
expects to invest the first quarter gains from the disposition of two businesses
into restructuring efforts throughout 2006. In addition, the company continues
to prepare the Electronic Components' Switches business for disposition and is
evaluating the timing of reporting the results of this business in discontinued
operations. The Company estimates that the Electronic Components' Switches
business will generate approximately $0.12 of earnings per share during 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 September 27, 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 CORPORATION
By: /s/ Kathleen S. Stolar
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Kathleen S. Stolar
Its: Vice President, Secretary
and Associate General Counsel
Date: September 27, 2006
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