ITT INC.

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%.