ITT INC.

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.

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.

ITT Inc. announced the election of Bertrand Loy and Kevin Wheeler to its Board of Directors, effective August 1, 2026. The company highlighted their extensive global industrial and technology-driven manufacturing leadership experience as valuable expertise for the Board. Mr. Loy will join the Audit Committee, and Mr. Wheeler will join the Nominating and Governance Committee. In connection with these appointments, the Board's size increased from ten to twelve directors.

ITT Inc. announced that Emmanuel Caprais, its Chief Financial Officer, will leave the company for personal reasons effective May 8, 2026. Mr. Caprais will remain as a business advisor until July 1, 2026, to ensure a seamless transition. Michael J. Savinelli, the current Vice President, Treasurer, Chief Tax Officer & Assistant Secretary, has been appointed interim Chief Financial Officer while a search for a permanent successor is conducted. Mr. Savinelli will receive a $300,000 restricted stock unit grant and a $25,000 monthly cash stipend in his interim role.

ITT Inc. completed the acquisition of SPX FLOW for a preliminary purchase price of $4.31 billion on March 2, 2026, significantly expanding its Flow Technologies segment. For Q1 2026, the company reported a substantial increase in revenue to $1.21 billion, up from $913.0 million in Q1 2025, largely driven by the acquisition. However, net income attributable to ITT Inc. decreased to $78.0 million, or $0.89 diluted EPS, compared to $108.4 million, or $1.33 diluted EPS, in the prior year, impacted by acquisition-related costs and a higher effective tax rate.

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%.