ITT (ITT) Company Report

On December 16, 2025, ITT Inc. announced that Moody's, S&P Global Ratings, and Fitch Ratings reaffirmed its investment grade credit ratings with a stable outlook.
This reaffirmation follows the announcement of ITT's agreement to acquire SPX FLOW and the successful closing of its $1.31 billion underwritten public offering of common stock.
Moody's affirmed ITT's senior unsecured rating at Baa1 and commercial paper rating at Prime-2, S&P Global Ratings affirmed its BBB issuer credit rating and A-2 short-term rating, and Fitch Ratings affirmed its BBB+ long-term Issuer Default Rating and F1 short-term rating.
ITT's Chief Financial Officer stated the company's commitment to deleveraging fast and reducing leverage below 2x within two years post-acquisition.

Dec 16, 2025, 11:30 AM

Press Release

ITT Inc. Announces Pricing and Closing of Common Stock Offering

ITT

M&A

ITT Inc. priced an underwritten public offering of 7,000,000 shares of its common stock at $167.00 per share.
The underwriters' option to purchase an additional 1,050,000 shares was exercised in full on December 9, 2025.
The offering closed on December 10, 2025, generating approximately $1.31 billion in net proceeds after deducting underwriting discounts and commissions and other offering expenses.
The net proceeds are intended to fund a portion of the previously announced acquisition of SPX FLOW, Inc..

Dec 10, 2025, 9:19 PM

8-K

ITT Announces Closing of Public Stock Offering

ITT

M&A

New Projects/Investments

ITT Inc. announced the closing of its underwritten public offering of 8,050,000 shares of common stock on December 10, 2025.
The offering, which included the full exercise of the underwriters' option to purchase additional shares, was priced at $167.00 per share.
The net proceeds from the offering were approximately $1.31 billion, intended to fund a portion of the previously announced acquisition of SPX FLOW, Inc..

Dec 10, 2025, 9:15 PM

Press Release

ITT Prices Public Offering of Common Stock

ITT

M&A

New Projects/Investments

ITT Inc. announced the pricing of an underwritten public offering of 7,000,000 shares of its common stock at a public offering price of $167.00 per share.
The company also granted the underwriters a 30-day option to purchase up to an additional 1,050,000 shares of its common stock.
ITT estimates the net proceeds from the offering will be approximately $1.14 billion.
The net proceeds are intended to fund a portion of the previously announced acquisition of SPX FLOW, Inc..
The offering is expected to close on December 10, 2025.

Dec 9, 2025, 5:08 AM

Press Release

ITT Prices Share Offering to Fund SPX FLOW Acquisition

ITT

M&A

New Projects/Investments

ITT Inc. has priced an underwritten public offering of 7 million shares at $167 each, aiming to raise approximately $1.14 billion.
The primary purpose of this offering is to fund the acquisition of SPX FLOW, with the deal expected to close on December 10, 2025.
Following the announcement, ITT's stock price experienced a slight decline of about 2% to $177.10 in morning trading.
Despite the share offering, ITT maintains strong financial health with solid revenue growth, expanding margins, and a robust balance sheet, including a trailing twelve months revenue of $3.81 billion and an operating margin of 17.41%.
If the SPX FLOW acquisition does not materialize, the raised capital will be utilized for general corporate purposes.

Dec 8, 2025, 12:14 PM

Morningstar

ITT Inc. Announces Acquisition of LSF11 Redwood TopCo LLC (SPX FLOW)

ITT

M&A

Debt Issuance

Dividends

ITT Inc. entered into an agreement on December 4, 2025, to acquire 100% of LSF11 Redwood TopCo LLC (SPX FLOW) for an aggregate consideration of $4,775 million, comprising $4,075 million in cash and 3,839,824 shares of ITT common stock.
LSF11 Redwood TopCo LLC reported net income of $14.9 million and revenues of $972.1 million for the nine months ended September 27, 2025.
In the third quarter of 2025, LSF11 Redwood TopCo LLC paid a $300.0 million dividend to its Parent, secured an incremental term loan borrowing of $175.0 million, and sold its corporate headquarters for $68.6 million.

Dec 8, 2025, 11:55 AM

8-K

ITT Announces Agreement to Acquire SPX Flow

ITT

M&A

New Projects/Investments

ITT has announced a definitive agreement to acquire SPX Flow from Lone Star funds for $4.775 billion in cash and equity.
The acquisition is expected to close by Q1 2026 and is anticipated to be immediately accretive to gross margin and adjusted EBITDA margin, with adjusted EPS accretion in 2026 and double-digit EPS accretion in 2027.
Strategically, SPX Flow adds premier brands and adjacent flow technologies, expanding ITT's presence in new end markets like nutrition and health, and strengthening core markets such as chemical, energy, and mining.
SPX Flow reported approximately $1.3 billion in trailing twelve months revenue, a 42% gross margin, and 43% aftermarket revenue, which will double ITT's Industrial Process aftermarket sales.
ITT expects to achieve $80 million in granular, identified synergies, which do not include potential commercial synergies.

Dec 5, 2025, 1:30 PM

Transcript

ITT Announces Agreement to Acquire SPX FLOW

ITT

M&A

New Projects/Investments

ITT has entered into a definitive agreement to acquire SPX FLOW from Lone Star Funds for $4.775 billion in cash and equity, with the transaction expected to close by Q1 2026.
The acquisition is valued at 14.2 times SPX's forecasted four-year 2026 EBITDA, or 11.5 times including expected cost synergies.
The deal is anticipated to be immediately accretive to gross margin and adjusted EBITDA margin, with adjusted EPS accretion in 2026 and double-digit EPS accretion in 2027.
SPX FLOW reported approximately $1.3 billion in trailing 12-month revenue, a 42% gross margin, and 43% aftermarket revenue, which is expected to double ITT's aftermarket revenue to approximately $1.2 billion.
ITT has identified $80 million in run-rate cost synergies by the end of year three, with two-thirds expected to be captured by the end of year two, primarily from G&A, procurement, and footprint optimization.

Dec 5, 2025, 1:30 PM

Transcript

ITT to Acquire SPX FLOW for $4.775 Billion

ITT

M&A

New Projects/Investments

Guidance Update

ITT has entered into a definitive agreement to acquire SPX FLOW from Lone Star Funds for $4.775 billion in cash and equity, with the transaction expected to close by Q1 2026.
The acquisition is projected to be immediately accretive to gross margin and adjusted EBITDA margin, with adjusted EPS accretion in 2026 and double-digit EPS accretion in 2027, excluding amortization of intangibles.
ITT anticipates $80 million in run-rate cost synergies by the end of year three, with two-thirds expected by the end of year two.
SPX FLOW reported approximately $1.3 billion in trailing 12-month revenue, a 42% gross margin, and 43% aftermarket revenue. Post-acquisition, ITT's revenue is expected to be above $5 billion, and its gross margin will increase by 110 basis points.

Dec 5, 2025, 1:30 PM

Transcript

ITT to Acquire SPX FLOW

ITT

M&A

New Projects/Investments

ITT announced the acquisition of SPX FLOW for a total consideration of $4.775 billion in cash and equity, with the transaction anticipated to close by the end of Q1 2026.
SPX FLOW, a $1.3 billion highly profitable flow platform (for the trailing twelve months ended Sep. 27, 2025), brings 43% aftermarket revenue, which is expected to double ITT's Industrial Process segment aftermarket sales and increase ITT's total aftermarket revenue to approximately 32%.
The acquisition is projected to generate $80 million in annual run-rate cost synergies by the end of year 3 post-close and is expected to be immediately accretive to ITT's gross margin and adjusted EBITDA margin, with double-digit adjusted EPS accretion in the first full year post-close.

Dec 5, 2025, 1:30 PM

Presentation

Earnings Transcripts

Quarterly earnings call transcripts for ITT.

Q3 2025

Oct 29, 2025

→

Q2 2025

Jul 31, 2025

→

Q1 2025

May 1, 2025

→

View All Transcripts

Ask Fintool AI Agent

Get instant answers from SEC filings, earnings calls & more

What did Luca Savi say about margins?What are ITT's strategic priorities?How is ITT positioned vs competitors?How did ITT do last quarter?

ITT (ITT)

Analyst Earnings Quarterly Reports

Q3 2025

Q2 2025

Q1 2025

Q4 2024

Executives

Luca Savi

Bartek Makowiecki

Davide Barbon

Emmanuel Caprais

Emrana Sheikh

Lori Marino

Michael Guhde

Board Members

Christopher O'Shea

Donald DeFosset Jr.

Douglas DelGrosso

Kevin Berryman

Maggie Chu

Mary Laschinger

Nazzic Keene

Rebecca McDonald

Sharon Szafranski

Timothy Powers

Analyst Coverage

Damian Karas

Jeffrey Hammond

Vladimir Bystricky

Joseph Giordano

Michael Halloran

Sabrina Abrams

Joe Ritchie

Joseph Ritchie

Matt Summerville

Scott Davis

Adam Farley

Bradley Hewitt

Mike Halloran

Nathan Jones

Nathan Jones

Andrew Obin

Brad Hewitt

Michael Anastasiou

Vlad Bystricki

Latest news

Earnings Transcripts

Q3 2025

Q2 2025

Q1 2025

Ask Fintool AI Agent