ITT Q3 Adjusted Earnings and Revenue Rise; Guidance Raised
ITT reported higher Q3 adjusted earnings and revenue and raised its guidance.
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11:03:20 PM UTC
SquawkNews
ITT Inc. announced its financial results for the third quarter ended October 3, 2026, reporting a 44% increase in revenue to $1.4 billion, significantly bolstered by the acquisition of SPX FLOW. Organic revenue grew 8%, driven by strong performance in aerospace and defense connectors within the Connect & Control Technologies segment and continued momentum in pump projects and valves in the Flow Technologies segment. While GAAP EPS decreased 15% to $1.38 due to acquisition-related costs, adjusted EPS rose 20% to $2.26. Reflecting this strong operational performance and commercial momentum, the company raised its full-year 2026 adjusted EPS guidance to a range of $8.54 to $8.62.