ITT Q2 FY26 EPS drops 37.5% to $0.95; revenue rises 51.5% to $1.47 billion - ITT News | RalliesITT Q2 FY26 EPS drops 37.5% to $0.95; revenue rises 51.5% to $1.47 billion
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ITT• Raised 2026 outlook
- ITT raised its 2026 outlook for GAAP EPS to $4.47-$4.67.
- The company also raised adjusted EPS guidance to $8.12-$8.32.
- Free cash flow is now expected to be $550-$580 million.
Second-quarter results and margin trends
- ITT posted GAAP EPS of $0.95 in Q2, down 37.5% from a year earlier; GAAP revenue more than doubled to $1.5 billion.
- GAAP operating income rose 3% to $180.3 million; GAAP operating margin fell 5.8 percentage points to 12.2%.
- Adjusted EPS climbed 18.2% to $2.08; adjusted operating margin widened 0.4 percentage point to 20%.
- Orders rose 53% to $1.64 billion; free cash flow increased 18% to $162 million.
