Quarterly ResultAug 6, 2026, 10:53 AM
ITT Q2 Revenue Jumps 51.5% to $1.47B; Net Income Down 29.8% to $84.9M
AI Summary
ITT Inc. reported a significant increase in Q2 2026 revenue, up 51.5% to $1.47 billion, primarily driven by the acquisition of SPX FLOW in March 2026. However, net income attributable to ITT Inc. decreased by 29.8% to $84.9 million, with diluted EPS falling to $0.95 from $1.52 in the prior year. The acquisition substantially impacted the balance sheet, increasing total assets to $11.04 billion and long-term debt to $2.87 billion. Flow Technologies segment revenue more than doubled due to the integration of SPX FLOW, though its operating margin declined.
Key Highlights
- Q2 2026 Revenue increased 51.5% to $1.47 billion.
- Q2 2026 Net Income attributable to ITT Inc. fell 29.8% to $84.9 million.
- Q2 2026 Diluted EPS decreased 37.5% to $0.95.
- Acquisition of SPX FLOW completed March 2, 2026, for $4.31 billion.
- Total assets surged to $11.04 billion from $6.31 billion.
- Long-term debt (non-current) rose to $2.87 billion from $521.5 million.
- Flow Technologies revenue grew 122.7% to $792.5 million.
- Flow Technologies operating margin decreased to 7.9% from 21.5%.
Price Impact
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