Quarterly ResultMay 6, 2026, 06:47 AM
ITT Q1 Adjusted EPS $1.98, Revenue $1.2B; Initiates FY26 Guidance
AI Summary
ITT Inc. reported strong first-quarter 2026 financial results, with revenue increasing 33% to $1.2 billion and adjusted EPS rising 25% to $1.98. The SPX FLOW acquisition significantly contributed to growth and was immediately accretive on an adjusted basis. Despite a reported EPS decrease due to acquisition-related costs, the company initiated full-year 2026 guidance, projecting adjusted EPS growth of 7% to 11%.
Key Highlights
- Q1 2026 revenue increased 33% to $1.2 billion (11% organic growth).
- Q1 2026 adjusted EPS rose 25% to $1.98; reported EPS decreased 33.1% to $0.89.
- SPX FLOW acquisition added 17 points to revenue growth and was immediately accretive on an adjusted basis.
- Flow Technologies revenue grew 61.2% to $537.4M, with 12.2% organic growth.
- Motion Technologies revenue increased 14.8% to $397.2M, with 5.3% organic growth.
- Connect & Control Technologies revenue rose 18.7% to $278.5M, with 17.5% organic growth.
- Initiated full-year 2026 adjusted EPS guidance of $7.70 to $8.00, up 7% to 11%.
- Declared a quarterly dividend of $0.386 per share.