ITT Inc., together with its subsidiaries, manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy ...
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$1.47 per share
Est. EPS $2.08 · Revenue $1.42B · 9 analysts
$1.47 per share
Est. EPS $8.26 · Revenue $5.53B · 9 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $3.9B | +8.5% | +21.6% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $488.0M | -5.8% | +8.8% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +35.4% | +2.9% | +4.4% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +17.4% | -6.7% | -31.9% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +12.4% | -13.2% | -10.5% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $547.0M | +24.8% | +1091.2% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +13.9% | +15.1% | +880.0% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 22.7% | -17.1% | -4.5% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 2.58x | +84.7% | -17.3% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $6.3B | +34.0% | -0.9% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 6.11 vs 6.65 | -8.1% | 0.95 vs 1.92 | -50.5% |
| Revenue Surprise | $3.9B vs $3.9B | +1.2% | $1.5B vs $1.4B | +6.1% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 31, 2026 | Savi Luca | director, officer: President and CEO | Common Stock | A | 5,019 | $199.56 |
| Aug 7, 2026 | de Mesa Graziano Cheryl | officer: Vice President & CAO | Common Stock | D | 700 | $214.54 |
| Aug 1, 2026 | LOY BERTRAND | director | Common Stock | A | 756 | — |
| Aug 1, 2026 | Wheeler Kevin J. | director | Common Stock | A | 756 | — |
| Aug 1, 2026 | LOY BERTRAND | — | — | — | 0 | — |
Operator: Welcome to ITT's 2026 Second Quarter Conference Call. Today is Thursday, August 6, 2026. Today's call is being recorded and will be available for replay beginning at 12:00 p.m. Eastern Time. [Operator Instructions] It is now my pleasure to turn the floor over to Carleen Salvage, Vice President, Investor Relations and FP&A. You may begin. Carleen Salvage: Thank you, Liz, and good morning. Joining me in Stamford today are Luca Savi, ITT's Chief Executive Officer and President; and Mike Savinelli, Interim Chief Financial Officer. Today's call will cover ITT's financial results for the 3-month period ended July 4, 2026, which we announced this morning. Please refer to Slide 2 of the presentation available on our website, where we note that today's comments will include forward-looking statements that are based on our current expectations. Actual results may differ materially due to several risks and uncertainties, including those described in our 2025 annual report on Form 10-K and other recent SEC filings. Except where otherwise noted, the second quarter results we present this morning will be compared to the second quarter of 2025 and include certain non-GAAP financial measures. The reconciliation of such measures to the most comparable GAAP figures are detailed in our press release and in the appendix of our presentation, both of which are available on our website. Today's earnings call includes year-over-year commentary on the performance of SPX FLOW that reflects financial information before the acquisition date of March 2, 2026. With that, it is now my pleasure to turn the call over to Luca, who will begin on Slide 3. Luca Savi: Thank you, Carleen, and good morning. Before I begin, I would like to welcome our new Aerospace Contacts colleagues to the ITT family. I look forward to working with you to grow CCT more and faster. We would also like to recognize our ITTers all around the world for an outstanding performance in Q2 once again. And a particular thank you to our employees in Flow Technologies for their hard work that has enabled us to make significant progress on the integration of SPX FLOW whilst continuing to deliver strong operational and financial performance. In the second quarter, we accelerated the Q1 momentum. Our ITT has delivered strong performance across the portfolio through flawless execution and the realization of benefits from our acquisitions, building a solid foundation for the remainder of 2026 and beyond. Now to the momentum. We grew orders 53%, 13% organically. We grew revenue 51%, 13% organically, reflecting a book-to-bill of 1.1 for the quarter. We expanded operating margin 40 basis points. We delivered adjusted EPS of $2.08, up 18% year-over-year, and we generated $176 million of free cash flow year-to-date, a truly record quarter. Let's dive now into the details. On orders, CCT was the highlight of our Q2 performance, growing 59% organically. CCT's growth was fueled by large defense orders in our kSARIA …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Luca Savi | Chief Executive Officer, President & Director | USD 4,031,345 | Male | 1966 | Active |
Davide Barbon | Senior Vice President and President of Motion Technologies & Asia Pacific | USD 1,752,010 | Male | 1970 | Active |
Bartek Makowiecki | Senior VP, Chief Strategy Officer and President of Flow Technologies | USD 1,442,339 | Male | 1979 | Active |
Lori Beth Marino | Senior Vice President, Chief Legal Officer, Corporate Secretary & Chief Compliance Officer | USD 1,331,974 | Female | 1975 | Active |
Michael G. Guhde | Senior Vice President and President of Connect & Control Technologies Business | — | Male | 1970 | Active |
Michael J. Savinelli | Interim CFO, VP, Treasurer, Chief Tax Officer & Assistant Secretary | — | Male | 1971 | Active |
Cheryl De Mesa Graziano | Vice President & Chief Accounting Officer | — | Female | 1973 | Active |
Emrana Sheikh | Senior Vice President & Chief Human Resources Officer | — | Female | 1972 | Active |
Carleen Salvage | Vice President of Investor Relations and FP&A | — | — | — | Active |
Karen T. LaRue | Controller & Executive Director | — | Female | 1979 | Active |
ITT NYSE: ITT reported record second-quarter results for 2026, citing organic growth across its portfolio, contributions from acquisitions and continued margin expansion. The company raised its full-year outlook for organic revenue, adjusted earnings per share and free cash flow after reporting 51% revenue growth and 18% adjusted EPS growth for the quarter ended July 4.
Empowered Funds LLC increased its holdings in shares of ITT Inc. (NYSE: ITT) by 174.4% during the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,528 shares of the conglomerate's stock after acquiring an additional 4,785 shares during the quarter. Empowered
ITT's Q2 earnings and revenues beat estimates, fueled by strong segment performance, while the company raised its 2026 outlook.
ITT Inc. (ITT) Q2 2026 Earnings Call Transcript
ITT (ITT), a manufacturer of engineered components for the aerospace, transportation and industrial markets, delivered a blockbuster quarter that sent its share
