ITT (NYSE:ITT) Issues Quarterly Earnings Results, Beats Expectations By $0.16 EPS

Posted by Francis Steltz on Aug 7th, 2026

ITT (NYSE:ITT – Get Free Report) issued its quarterly earnings results on Thursday. The conglomerate reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.16, FiscalAI reports. ITT had a return on equity of 16.83% and a net margin of 10.80%.The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the company earned $1.64 earnings per share. The company’s quarterly revenue was up 51.5% compared to the same quarter last year. 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 Price Performance

Shares of NYSE:ITT traded up $1.40 on Friday, hitting $215.81. The stock had a trading volume of 121,162 shares, compared to its average volume of 933,263. The firm’s 50 day moving average price is $193.78 and its 200-day moving average price is $196.90. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53. ITT has a twelve month low of $164.00 and a twelve month high of $230.32. The company has a market capitalization of $19.29 billion, a price-to-earnings ratio of 38.13, a price-to-earnings-growth ratio of 1.92 and a beta of 1.27.

ITT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Tuesday, September 8th will be paid a $0.386 dividend. This represents a $1.54 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, September 8th. ITT’s payout ratio is currently 27.16%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ITT shares. KeyCorp boosted their price objective on ITT from $250.00 to $263.00 and gave the company an “overweight” rating in a research report on Friday. Robert W. Baird set a $246.00 price target on shares of ITT in a research note on Thursday, May 7th. Wall Street Zen lowered shares of ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Citigroup restated a “buy” rating on shares of ITT in a research note on Friday. Finally, Barclays lifted their target price on shares of ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $239.17.

Check Out Our Latest Research Report on ITT

Hedge Funds Weigh In On ITT

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Compound Planning Inc. raised its holdings in shares of ITT by 8.1% in the fourth quarter. Compound Planning Inc. now owns 2,335 shares of the conglomerate’s stock valued at $405,000 after buying an additional 175 shares during the last quarter. Invesco Ltd. lifted its stake in shares of ITT by 15.2% in the 4th quarter. Invesco Ltd. now owns 1,300,760 shares of the conglomerate’s stock valued at $225,695,000 after purchasing an additional 171,827 shares during the period. Corient Private Wealth LLC grew its position in shares of ITT by 399.1% during the 4th quarter. Corient Private Wealth LLC now owns 59,677 shares of the conglomerate’s stock worth $10,355,000 after buying an additional 47,719 shares during the period. Mercer Global Advisors Inc. ADV raised its position in shares of ITT by 57.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,238 shares of the conglomerate’s stock valued at $2,123,000 after acquiring an additional 4,486 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in shares of ITT by 9.2% in the 4th quarter. Raymond James Financial Inc. now owns 614,616 shares of the conglomerate’s stock valued at $108,295,000 after buying an additional 51,947 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting ITT

Here are the key news stories impacting ITT this week:

Positive Sentiment: Management raised 2026 adjusted EPS guidance to $8.12-$8.32 from $7.70-$8.00 and lifted its organic revenue-growth outlook to 5%-8% from 4%-6%. The company also increased expectations for revenue, margins and free cash flow. ITT Raises 2026 Guidance
Positive Sentiment: The SPX FLOW acquisition drove substantial growth in Flow Technologies, while management said integration progress and cost synergies are ahead of plan. Adjusted operating income increased 55%, and debt repayment is reducing leverage faster than expected. ITT Q2 Acquisition and Integration Analysis
Positive Sentiment: ITT declared a quarterly dividend of $0.386 per share, payable October 5 to shareholders of record September 8, providing continued shareholder returns. ITT Quarterly Earnings Report
Neutral Sentiment: Reported GAAP EPS was $0.95, down from the prior year, reflecting acquisition-related effects despite higher adjusted earnings. Investors will likely continue monitoring whether SPX FLOW synergies offset integration-related margin dilution.
Negative Sentiment: QuiverQuant reported six open-market insider sales by CEO Luca Savi totaling approximately 63,450 shares over the past six months, with no reported insider purchases. This may temper enthusiasm, although insider transactions do not necessarily reflect operating expectations.

ITT Company Profile

(Get Free Report)

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.