ITT (ITT) Company Report

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.

1 day ago

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.

1 day ago

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.

1 day ago

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.

1 day ago

Presentation

ITT to Acquire SPX FLOW and Announces Board Chair Succession

ITT

M&A

Board Change

New Projects/Investments

ITT Inc. will acquire SPX FLOW for $4.775 billion in cash and equity, with the transaction expected to close by the end of Q1 2026.
SPX FLOW reported $1.3 billion in revenue and an adjusted EBITDA margin of 22% for the trailing twelve months ended September 27, 2025.
The acquisition is projected to be immediately accretive to ITT's gross margin and adjusted EBITDA margin, with double-digit adjusted EPS accretion anticipated in the first full year post-close, excluding amortization of intangibles.
ITT expects to achieve $80 million in run-rate cost synergies by the end of year three post-close.
The Board of Directors has appointed Nazzic S. Keene as the Non-Executive Board Chair, effective upon Timothy H. Powers' retirement and her election at the May 2026 Annual Meeting of Shareholders.

1 day ago

8-K

ITT Announces Acquisition of SPX FLOW

ITT

M&A

Board Change

New Projects/Investments

ITT Inc. has agreed to acquire SPX FLOW from Lone Star Funds for approximately $4.775 billion, comprising cash and $700 million in ITT common stock.
This acquisition, ITT's largest, aims to enhance its capabilities in pumps, valves, mixers, and process technologies across industrial, health, and nutrition markets, expanding its addressable market.
SPX FLOW generated $1.3 billion in revenue with a 22% adjusted EBITDA margin, with approximately 43% of its revenue derived from aftermarket parts and services.
The deal values SPX FLOW at 14.2 times its projected 2026 adjusted EBITDA. Following the announcement, ITT's stock traded over 2% lower in premarket trading.
Nazzic S. Keene has been appointed as non-executive Chair, effective 2026, to support strategic growth.

1 day ago

Bloomberg

ITT Reports Strong Q3 2025 Results and Raises Full-Year EPS Guidance

ITT

Earnings

Guidance Update

Revenue Acceleration/Inflection

ITT reported strong Q3 2025 results, with total revenue growth of +13% and organic growth of +6% compared to Q3 2024, leading to a +21% increase in Adjusted EPS to $1.78.
The company raised its full-year 2025 adjusted EPS guidance to a range of $6.62 - $6.68 and anticipates generating $0.5 billion in free cash flow for the full year.
Over the three-year period from December 31, 2021, to December 31, 2024, ITT achieved a 9% Organic Revenue CAGR and a 13% Adjusted EPS CAGR, with a Total Shareholder Return of +45%.
For 2024, ITT's pro forma revenue was $3.7 billion, with its largest business segments being Motion Technologies and Industrial Process, each contributing 37% of revenue.

4 days ago

Presentation

ITT Discusses Strong Growth, Strategic Outlook, and Product Innovations at UBS Conference

ITT

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

ITT, a roughly $4 billion revenue company, reported 9% organic revenue growth over the past three years and low teens adjusted EPS growth, and is on track to deliver $500 million of cash for the full year.
The company aims for 10% average annual growth until 2030, combining 5% organic growth with an additional 500 basis points from capital deployment.
Key product innovations include the Vidar motor for Industrial Process, offering 50-80% energy savings and being the only industrial motor available with an integrated variable frequency drive, with meaningful revenue contribution expected between 2027 and 2028.
In Motion Technologies, ITT expects to outperform OE production by 300-400 basis points for the full year and is developing the Geopad product for brake pads, which is expected to enhance margins.
ITT is strategically expanding its defense exposure through its CCT segment, winning significant contracts like $40 million on the F-35 Joint Strike Fighter over the next two years.

4 days ago

Transcript

ITT Highlights Strong Performance, Strategic Growth, and Product Innovation at UBS Conference

ITT

Guidance Update

New Projects/Investments

M&A

ITT reported 9% organic revenue growth and low teens adjusted EPS growth over the past three years, raising its EPS guidance range for the third consecutive time after Q3 numbers and expecting to deliver $500 million in cash for the full year.
The company targets 5% organic growth annually until 2030, supplemented by 500 basis points from capital deployment, aiming for an average 10% annual growth. ITT anticipates 2026 to be a growth year across all segments, driven by backlog conversion, secured platforms, and defense contract wins.
Key product innovations include the Vidar motor, launched in June, which offers 50-80% energy savings in industrial applications, and the Geopad brake pads, which promise margin enhancement through simplified production and superior performance.
Strategically, ITT is using M&A to reduce automotive revenue weighting to approximately 20% by focusing on flow and connector businesses, and recently executed a $500 million share buyback.

4 days ago

Transcript

ITT Discusses Strong Growth, Product Innovations, and Strategic M&A at UBS Conference

ITT

Revenue Acceleration/Inflection

Product Launch

M&A

ITT, a roughly $4 billion revenue company, reported 9% organic revenue growth over the past three years and 6% in Q3, with adjusted EPS growth in the low teens. The company raised its EPS guidance for the third consecutive time and is on track to deliver $500 million in cash for the full year.
The company expects to achieve 10% average annual growth until 2030, combining 5% organic growth with 500 basis points from capital deployment. Management anticipates 2026 to be a growth year across all segments, driven by backlog conversion, secured platforms, and defense contract wins.
ITT consistently outperforms its markets, with its friction business exceeding OE production by approximately 800 basis points annually over the last decade and expecting to outperform auto production by 300-400 basis points for the full year.
Key product innovations include the VIDAR motor for Industrial Process, offering 50-80% energy savings with meaningful revenue contribution expected between 2027 and 2028. The Geo-Pad brake pad formulation is also being tested, promising improved performance, reduced costs, and margin enhancement.
The company's M&A strategy aims to shift its portfolio away from automotive, targeting a 20% automotive revenue weighting by expanding its flow and connector businesses. ITT recently bought back $500 million in shares and has a healthy M&A pipeline.

4 days ago

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for ITT.

Q3 2025

Oct 29, 2025

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Q2 2025

Jul 31, 2025

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Q1 2025

May 1, 2025

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ITT (ITT)

Analyst Earnings Quarterly Reports

Q3 2025

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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

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Damian Karas

Jeffrey Hammond

Vladimir Bystricky

Joseph Giordano

Michael Halloran

Sabrina Abrams

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Joseph Ritchie

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Scott Davis

Adam Farley

Bradley Hewitt

Mike Halloran

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Nathan Jones

Andrew Obin

Brad Hewitt

Michael Anastasiou

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