ITT beats Q1 adjusted EPS estimates

ITT

06/05/2026 11:37

Overview

U.S. industrial equipment maker's Q1 revenue rose 33% yr/yr to $1.2 bln

Adjusted EPS for Q1 rose 25% and beat analyst expectations

Reported EPS fell 33% due to acquisition-related costs

Outlook

ITT sees 2026 organic revenue growth of 4% to 6%, total revenue up 36% to 38%

ITT expects 2026 adjusted EPS of $7.70 to $8.00, up 7% to 11% year over year

Company forecasts 2026 free cash flow of $540 mln to $580 mln, margin of 10% to 11%

Result Drivers

SPX FLOW ACQUISITION - Acquisition contributed 17 points of revenue growth and had an immediate accretive effect on adjusted results

ORGANIC GROWTH - Broad-based organic revenue growth driven by market share gains in connectors, aerospace and defense, and transportation

PRODUCTIVITY AND PRICING - Higher volumes, productivity benefits, and pricing actions supported adjusted operating income and margin

Company press release: ID:nBw9jRHLma

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$1.20 bln
Q1 Adjusted EPS
Beat
$1.98
$1.75 (11 Analysts)
Q1 EPS
$0.89


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

Wall Street's median 12-month price target for ITT Inc is $233.00, about 9.5% above its May 5 closing price of $212.69

The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 25 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)