We have conservative economic growth expectations for next year and we want to be able to deliver earnings growth and margin improvement in what will be, at best, a mixed market environment,

These charges are driven by the impact of significant external cost increases and competitive pressures on some of our businesses in 2005.

The strong results for the second quarter reflect our steady progress against industry-wide cost pressures,

will have access to the full range of infrastructure- related and industrial markets.

This was a solid performance in the face of continuing stiff headwinds from rising raw material and energy costs and currency movements, and reflects a sharp focus on managing the things within our control and...

The actions we have taken, and those we will take over the next year, demonstrate clearly the degree to which ITT Industries is committed to increasing shareholder value,