itt_non-gaap_20081005

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ITT Corporation Full Year EPS Non-GAAP Reconciliation

2005 2006 2007

Reported EPS 1.91$ $ 3.10 $ 4.03

Discontinued Ops. (0.86)$ 0.43$ 0.59$

Cumulative Effect of a Change in Accounting Principle (0.03)$ -$ -$

Reported EPS from Continuing Ops. 2.80$ 2.67$ 3.44$

Tax Settlement/Other 0.44$ 0.01$ 0.15$

Adjusted EPS from Continuing Ops. 2.36$ 2.66$ 3.29$