$ITT · ITT INC.
ITT reported Q3 FY2026 (ended October 3, 2026) results: revenue up 44% to $1,440.6M (8% organic), driven by the SPX FLOW acquisition. GAAP EPS fell 15% to $1.38 on acquisition-related costs, while adjusted EPS rose 20% to $2.26. Adjusted operating margin expanded 140 bps to 21.0%. The company raised full-year guidance across all key metrics, including adjusted EPS to $8.54–$8.62 and free cash flow of $600M–$620M.
- Revenue grew 44% to $1,440.6M, with SPX FLOW contributing 35 points of growth.
- Adjusted EPS rose 20% to $2.26; GAAP EPS fell 15% to $1.38 on acquisition costs.
- Adjusted operating margin expanded 140 bps to 21.0%.
- Full-year adjusted EPS guidance raised to $8.54–$8.62 (19–20% growth).
- Quarterly dividend of $0.386 per share declared, payable December 31, 2026.
Stock closed at $201.03, down 1.99% on the day; extended-hours last trade was flat versus the regular close, suggesting a muted initial reaction to the beat-and-raise.
A beat-and-raise quarter with 20% adjusted EPS growth and full-year guidance lifted across all metrics signals strong execution and acquisition momentum.
The SPX FLOW acquisition is transforming ITT's Flow Technologies segment, which grew revenue 99% to $764.3M, while aerospace/defense connectors drove 18.6% organic growth in Connect & Control Technologies.
Integration risk from SPX FLOW and failure to realize anticipated synergies; higher interest expense, share count, and effective tax rate tied to the acquisition pressured GAAP EPS.