Democrat and Chronicle

(Tuesday, January 29, 2002) -- ITT Industries Inc. met Wall Street's expectations by posting fourth-quarter earnings of $77.5 million, or 85 cents a share, excluding one-time charges.

Revenue was down 3 percent to $1.18 billion.

For the year, the company posted net income of $280.2 million, or $3.09 a share, up 5 percent. Full-year revenue was down 3 percent to $4.7 billion.

The company's fluid technology unit includes Goulds Pumps in Seneca Falls. The unit's operating income grew 2 percent to $55.5 million for the quarter and 6 percent to $218.4 million for the year.