Stocks & Investing
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Tue, January 6, 2009 ITT Named Best Managed Conglomerate by Forbes.com
WHITE PLAINS, N.Y.--([ BUSINESS WIRE ])--Forbes.com has named ITT Corporation (NYSE:ITT) to its list of "America's Best Managed Companies" for 2008, and awarded the company the top spot in the conglomerates category. ITT was also included on Forbes' list of the "400 Best Big Companies in America," the company's ninth appearance on the list.
"Being acknowledged as America's best managed conglomerate by Forbes.com is quite an honor," said Steve Loranger, chairman, president and chief executive officer, ITT. "This recognition is testament to the depth and immense capability of ITT's global leadership team responsible for sustaining our strong performance and positioning the company for long-term success."
Those named to the Forbes.com list of the "400 Best Big Companies in America" are chosen based on their sales and earnings growth, debt to total capital, earnings outlook and stock market returns over a one- and five-year period. Using these rankings and other data, the editors of Forbes.com select the best managed in each industry category. The lists of the "400 Best Big Companies in America" and "America's Best Managed Companies" are available at [ www.forbes.com ].
About ITT Corporation
ITT Corporation ([ www.itt.com ]) is a diversified high-technology engineering and manufacturing company dedicated to creating more livable environments, enabling communications and providing protection and safety. The company plays an important role in vital markets including water and fluids management, global defense and security, and motion and flow control.
