| Metric | Value ($ M) | Q2 FY25 |
|---|---|---|
| Revenue | 1.2K | 24.6% |
| Total Income | 1.2K | 24.6% |
| Expenditure | 1.1K | 34.3% |
| PBT | 128.80 | 21.6% |
| Net Profit | 78.00 | 35.5% |
| OPM | 11.65% | 6.36pp |
| NPM | 6.44% | 6.01pp |
| EPS | 0.89 | 41.8% |
ITT Reports Q2 2026 Earnings Per Share of $0.95, Adjusted EPS of $2.08, Raises Full Year Guidance
06 Aug 2026 · 6 Aug, 5:08 pm
Summary
ITT Inc. reported record revenue of $1.5 billion for the second quarter of 2026, a 51% increase (13% organic) year-over-year, driven by strong performance across its segments and the SPX FLOW acquisition. While reported EPS decreased due to acquisition-related costs, adjusted EPS rose 18% to $2.08, reflecting robust operational execution. The company is raising its full-year guidance across key metrics, including revenue, margin, EPS, and cash, signaling confidence in continued profitable growth.
Key Highlights
- 1
ITT reported record revenue of $1.5 billion for the second quarter of 2026, a 51% increase (13% organic) compared to the prior year, driven by aerospace and defense in CCT, share gains in MT, and organic revenue growth in FT coupled with the SPX FLOW contribution.
- 2
Second quarter operating income increased 3% to $180 million, while adjusted operating income surged 55% to $295.2 million versus the prior year.
- 3
Earnings per share (EPS) for the second quarter was $0.95, a decrease of 38% versus prior year due to acquisition-related costs, while adjusted EPS increased 18% to $2.08.
- 4
Net cash from operating activities for the second quarter increased 24% to $191 million, and free cash flow increased 18% to $162 million.
- 5
The company is raising its full-year guidance for revenue, margin, EPS, and cash, with adjusted EPS expected to be between $8.12 and $8.32, up 14% versus prior year at the midpoint.
- 6
Flow Technologies saw revenue increase 122.7% (20.7% organic) to $792.5 million, driven by the first full quarter of SPX FLOW activity and strength in pump projects and valves.
- 7
Connect & Control Technologies revenue increased 17.4% to $295.7 million, driven by wins in defense and industrial connectors and aerospace components.
Management Comments
Luca Savi
ITT delivered another record quarter, reflecting the exceptional execution of our ITTers. Our legacy businesses continue to fire on all cylinders, and in Q2 generated double digit organic orders and double digit revenue growth. Defense programs in CCT are gaining momentum and contributing to significant growth in the quarter and beyond. SPX FLOW delivered a strong first full quarter, with strength in Nutrition and Health and Mixers driving top-line and orders growth resulting in a book-to-bill above 1.1x, whilst the integration continues to progress ahead of plan. Our strategy is working and our ITTers are relentlessly executing it, driving profitable growth and productivity in our legacy businesses and SPX FLOW.
Informational and educational content only. Not investment advice.