ITT · ITT Inc.

ITT Inc. delivered a strong first quarter in 2026, with reported revenue of $1.2 billion representing 33% growth (11% organic) versus the prior year. The results were driven by broad-based strength across aerospace and defense, short-cycle pumps and valves, and outperformance in the Friction business. The recently closed SPX FLOW acquisition contributed 17 percentage points to revenue growth and was immediately accretive to adjusted net earnings in its first month. The company established a new reporting segment, Flow Technologies, combining Industrial Process and SPX FLOW. GAAP operating margin decreased 480 basis points to 11.7% due to acquisition-related costs, while adjusted operating margin expanded 130 basis points to 20.3%, reflecting productivity benefits, higher volumes, and pricing actions. GAAP EPS decreased 33.1% to $0.89, primarily due to acquisition-related impacts, while adjusted EPS increased 25.3% to $1.98. CEO Luca Savi highlighted the strength of the organic value creation engine and the progress on synergy delivery. Free cash flow decreased 82% year-over-year to $13.8 million, primarily due to $71 million in one-time acquisition-related payments. Looking forward, management initiated full-year 2026 guidance, projecting adjusted EPS of $7.70 to $8.00 (up 9% at the midpoint) and free cash flow between $540 million and $580 million. The company also declared a quarterly dividend of $0.386 per share.