Home | Business News | Browse by Publication | I | Indianapolis Business Journal

Big profits elevate ITT into rare class: firm has outscored educational peers for past decade.

Publication: Indianapolis Business Journal
Publication Date: 19-OCT-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Big profits elevate ITT into rare class: firm has outscored educational peers for past decade.(ITT Educational Services Inc.)(Company overview)

Article Excerpt
[ILLUSTRATION OMITTED]

You can't blame Kevin Modany for feeling a bit like Joe Bfstplk, the gloomy character in the old Li'l Abner comic strip who always had a rain cloud over his head.

The CEO of ITT Educational Services Inc. acknowledges his company and its for-profit education peers operate under a constant cloud of federal scrutiny and periodic investigations. And whenever that cloud shows the slightest bit of darkening, investors flee, since nearly 80 percent of ITT's revenue comes from federal student loans.

But Modany and his team appear to have grown comfortable with the uncertainty, posting record profits for 10 years in a row-and at a pace most business leaders can only dream about.

"Here's how you manage that," said Modany, 42. "If you're doing the right things when the lights aren't shining on you, you don't get worried when they do."

The Carmel-based company has certainly been doing many things right for years. Its profits have soared 1,356 percent in the past decade, or an average of 29 percent every year.

Since the company went public in December 1994, spinning off from New York-based conglomerate...

Read the FULL article now - Try Goliath Business News - FREE!   
You can view this article PLUS...

  • Over 5 million business articles
  • Hundreds of the most trusted magazines, newswires, and journals (see list)
  • Premium business information that is timely and relevant
  • Unlimited Access

Now for a Limited Time, try Goliath Business News - Free for 3 Days!
Tell Me More   Terms and Conditions

Get Goliath Business News for 1 year - Just $99 (Save 65%)
Tell Me More   Terms and Conditions

Already a subscriber? Log in to view full article



More articles from Indianapolis Business Journal
At 86th and Ditch, a revamped pearl among bistros.(DINING)(Pearl Bistr..., October 19, 2009
Graven image conscious.(LOU'S VIEW), October 19, 2009
Flu season offers prelude to health care reform.(ECONOMIC ANALYSIS), October 19, 2009
Indiana stocks: October 8-14, 2009.(STOCKS)(Statistical table), October 19, 2009
Dow Jones index passes 10,000, again.(STOCKS)(Brief article), October 19, 2009

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.