PRZOOM - /newswire/ -
White Plains, NY, United States, 2013/02/01 - Company announces previous divestiture of shape cutting product lines to be reported in discontinued operations in 2012 results - ITT.com. NYSE: ITT
ITT Corporation will release its fourth-quarter and full-year 2012 financial results, as well as its outlook for full-year 2013 financial performance, at 7 am. EST, Wednesday, Feb. 27, 2013. At 9 am. EST, senior management will review financial and operating results, comment on current conditions and answer questions during an investor briefing.
ITT also announced that the divestiture of its shape cutting product lines in late 2012 will be reported in discontinued operations in the fourth-quarter and full-year 2012 results and all future reporting periods, and should be excluded from the previously issued full-year 2012 adjusted earnings per share guidance. The company’s previously issued guidance also excluded any impact from the Bornemann Pump acquisition closed in the fourth quarter of 2012.
At the time of its fourth-quarter earnings release on Feb. 27, 2013, the company will provide historical financial results adjusted for the move of the shape cutting product lines, which were part of its Control Technologies business, to discontinued operations.
The briefing can be accessed live by calling +1 (706) 643-7542 (ID#: 86180522) or at the following address on the company’s website itt.com/investors.
A replay of the briefing will be available on the website and telephonically from two hours after the webcast until Wednesday, March 6, 2013, at midnight. The telephone replay is available by calling (800) 585-8367 (ID#: 86180522).
ITT (itt.com) is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the energy, transportation and industrial markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. Founded in 1920, ITT is headquartered in White Plains, N.Y., with employees in more than 35 countries and sales in a total of approximately 125 countries. The company generated 2011 revenues of $2.1 billion.