ITT (NYSE:ITT) Releases Earnings Results

ITT (NYSE:ITT) posted its quarterly earnings results on Thursday. The conglomerate reported $2.08 EPS for the quarter, topping the consensus estimate of $1.92 by $0.16, FiscalAI reports. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.39 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.The company’s quarterly revenue was up 51.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 EPS. ITT updated its FY 2026 guidance to 8.120-8.320 EPS.

Here are the key takeaways from ITT’s conference call:

• Record Q2 performance: Revenue rose 51% year over year, or 13% organically, while adjusted EPS increased 18% to $2.08. Orders grew 53% overall and 13% organically, with a 1.1 book-to-bill ratio.
• Strong aerospace and defense momentum: CCT orders increased 59% organically, led by KSARIA’s 168% order growth and record July bookings. Management cited market-share gains, long-term defense-program visibility and no current KSARIA capacity constraints.
• 2026 outlook raised: ITT increased its full-year organic revenue growth guidance to 5%-8%, adjusted EPS guidance to a midpoint of $8.22, and free cash flow guidance to $565 million. The company expects adjusted operating margin of approximately 20.5% at the midpoint.
• SPX FLOW integration is progressing: SPX FLOW orders grew 9% in Q2, year-to-date revenue rose 9%, and cost synergies are ahead of plan. ITT also reduced debt by $124 million in Q2, bringing leverage to 2.5 times, ahead of schedule.
• Some near-term pressure remains: Flow Technologies’ margin was diluted by the full-quarter SPX FLOW contribution, although management expects sequential improvement from synergies and productivity actions. Deferred Middle East orders and tougher second-half comparisons are also expected to moderate growth in coming quarters.

ITT Trading Up 4.8%

Shares of ITT traded up $9.75 during trading on Thursday, reaching $213.83. 2,630,037 shares of the company traded hands, compared to its average volume of 983,331. The stock has a 50-day simple moving average of $193.78 and a 200-day simple moving average of $196.90. The stock has a market cap of $19.12 billion, a PE ratio of 37.71, a price-to-earnings-growth ratio of 1.92 and a beta of 1.27. ITT has a twelve month low of $164.00 and a twelve month high of $230.32. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 0.71.

ITT News Roundup

Here are the key news stories impacting ITT this week:

• Positive Sentiment: Q2 earnings beat estimates. Adjusted EPS rose 18% year over year to $2.08, exceeding analysts’ expectations of approximately $1.92-$1.93. Revenue increased 51.5% to $1.47 billion, ahead of the $1.39 billion consensus estimate. ITT Reports Second-Quarter Earnings
• Positive Sentiment: Full-year guidance was raised. ITT now expects 2026 adjusted EPS of $8.12-$8.32, or $8.22 at the midpoint, versus its prior range of $7.70-$8.00 and analyst consensus near $7.92. The company also increased its organic revenue growth outlook to 5%-8% from 4%-6%. ITT Raises 2026 Guidance
• Positive Sentiment: Demand and profitability trends were strong. Total orders grew 53%, including 13% organic growth, supported by aerospace and defense, commercial aerospace, rail and industrial pump demand. Adjusted operating margin reached 20%, while management said SPX FLOW integration and cost synergies are progressing ahead of plan.
• Positive Sentiment: Deleveraging and cash expectations improved. ITT said debt repayment is lowering leverage faster than previously targeted and raised its full-year outlook for revenue, margins, earnings and cash. The company also declared a quarterly dividend of $0.386 per share, payable October 5.
• Neutral Sentiment: GAAP results were mixed. Reported EPS was $0.95, down from $1.54 a year earlier, but this was more than offset in investor sentiment by the adjusted EPS beat and acquisition-related growth.
• Negative Sentiment: Insider selling remains a cautionary signal. QuiverQuant data shows CEO Luca Savi sold approximately 63,450 shares across six transactions during the past six months, with no reported open-market purchases. This does not negate the earnings strength but may temper enthusiasm at an elevated valuation.

Analyst Ratings Changes

Several research firms recently issued reports on ITT. Stifel Nicolaus raised their price objective on shares of ITT from $246.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Citigroup boosted their target price on shares of ITT from $252.00 to $254.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Barclays increased their price target on shares of ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Weiss Ratings lowered shares of ITT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Finally, KeyCorp upped their price objective on ITT from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, ITT currently has a consensus rating of “Moderate Buy” and an average target price of $234.75.

Insider Buying and Selling at ITT

In related news, insider Lori B. Marino sold 7,123 shares of ITT stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $208.27, for a total value of $1,483,507.21. Following the completion of the sale, the insider owned 8,729 shares in the company, valued at approximately $1,817,988.83. This trade represents a 44.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.88% of the company’s stock.

Institutional Investors Weigh In On ITT

Large investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust grew its position in shares of ITT by 62.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock worth $34,000 after buying an additional 76 shares in the last quarter. Triumph Capital Management acquired a new position in ITT during the 3rd quarter worth approximately $37,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of ITT in the 3rd quarter valued at approximately $43,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of ITT by 28,900.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 290 shares of the conglomerate’s stock valued at $50,000 after purchasing an additional 289 shares in the last quarter. Finally, Sfam LLC acquired a new position in shares of ITT during the fourth quarter worth $78,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT Company Profile

ITT Inc is a diversified industrial manufacturing company that designs, manufactures and services mission-critical components and systems for global markets. Its engineered solutions support applications in aerospace, defense, transportation, energy and industrial automation. The company focuses on delivering high-performance products that enable reliable fluid handling, precision motion control and robust connectivity in demanding environments.

The company’s operations are organized into three segments: Motion Technologies, which provides precision components and aftermarket repair services for aircraft engines and industrial turbines; Connect & Control Technologies, which offers specialty valves, couplings, seals and proximity sensors for fuel, hydraulics and environmental control systems; and Fluid & Motion Control, which delivers pumps, heat exchangers and fluid management solutions for oil and gas, chemical processing and power generation.