$ITT · ITT INC.
ITT Inc. filed its Q3 FY2026 10-Q for the period ended October 3, 2026. Revenue rose 44.2% year over year to $1.441B, driven by the SPX FLOW acquisition, while net income attributable to ITT fell to $123.6M from $126.9M. Diluted EPS declined to $1.38 from $1.62, pressured by higher interest expense ($45.0M vs $11.7M) and intangible amortization ($61.2M vs $11.1M). Total assets nearly doubled to $10.85B from $6.31B, with goodwill rising to $3.85B and long-term debt to $2.81B.
- Revenue rose 44.2% YoY to $1.441B, driven by the SPX FLOW acquisition.
- Diluted EPS fell to $1.38 from $1.62 a year earlier.
- Interest expense jumped to $45.0M from $11.7M; intangible amortization to $61.2M from $11.1M.
- Flow Technologies segment operating margin fell to 13.7% from 21.4% on acquisition-related impacts.
- Total assets nearly doubled to $10.85B; long-term debt rose to $2.81B from $521.5M.
Stock is up 1.28% since filing to $201.17, suggesting investors are focused on the transformative revenue growth from SPX FLOW rather than the EPS decline.
A transformative acquisition doubled ITT's scale but diluted near-term earnings, making integration execution the key investor question.
The SPX FLOW acquisition transforms ITT's Flow Technologies into its largest segment, roughly doubling total assets and reshaping the diversified industrial portfolio.
Integration risk from SPX FLOW is the central concern, with the filing flagging that anticipated benefits and synergies may not be realized on the expected timeline. Higher debt and interest expense also raise leverage risk.