Quarterly ResultAug 6, 2026, 07:38 AM
ITT Q2 Adjusted EPS $2.08, Revenue $1.5B; Raises Full-Year Guidance
AI Summary
ITT Inc. reported strong second-quarter 2026 financial results, with adjusted EPS increasing 18% to $2.08 and revenue growing 51% to $1.5 billion, significantly boosted by the SPX FLOW acquisition. However, GAAP EPS decreased 38% to $0.95 due to acquisition-related costs. The company raised its full-year guidance for adjusted EPS, organic revenue growth, and free cash flow, reflecting strong commercial and operational performance. Additionally, ITT declared a quarterly dividend of $0.386 per share.
Key Highlights
- Q2 Adjusted EPS was $2.08, an 18% increase year-over-year; GAAP EPS was $0.95, down 38% due to acquisition costs.
- Q2 Revenue reached $1.5 billion, up 51% year-over-year (13% organic), driven by the SPX FLOW acquisition.
- Total orders grew 53% (13% organic) in Q2, with continuous strength in aerospace and defense.
- Flow Technologies revenue increased 122.7% (20.7% organic) due to SPX FLOW and pump projects.
- Connect & Control Technologies revenue grew 17.4% (17.3% organic) from defense and industrial connectors.
- Full-year adjusted EPS guidance raised to $8.12-$8.32, representing 13%-16% growth year-over-year.
- Full-year organic revenue growth guidance raised to 5%-8% and free cash flow to $550M-$580M.
- Declared a quarterly dividend of $0.386 per share, payable October 5, 2026.
Price Impact
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