ITT Q2 adjusted EPS rises 18%, beats estimates
ITT•Company raises full-year outlook
ITT raised its 2026 organic revenue growth outlook to 5%-8%, with total revenue up 38%-41%.
The company expects 2026 adjusted EPS of $8.12-$8.32, up 13%-16% from the prior year, and free cash flow of $550 million-$580 million, with a margin of 10%-11%.
Quarterly results beat estimates
Industrial equipment maker ITT said second-quarter revenue rose 51% year over year, driven by the SPX FLOW acquisition and organic growth.
Adjusted earnings per share for the quarter rose 18% and beat analyst expectations.
Drivers of the quarterly performance
ITT said the first full quarter contribution from SPX FLOW led revenue and adjusted EPS growth.
The company also cited strong performance in connectors, pump projects, friction products, and defense programs as drivers of organic growth.
Productivity and pricing actions in legacy businesses boosted adjusted operating margin.
Selected financial and analyst details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | $1.47 billion | ||
| Q2 Adjusted EPS | Beat | $2.08 | $1.95 (13 analysts) |
| Q2 EPS | $0.95 |
The current average analyst rating on the shares is "buy," with 13 "strong buy" or "buy" ratings, 2 "hold" ratings and no "sell" or "strong sell" ratings.
