ITT Q2 adjusted EPS rises 18%, beats estimates
ITT Q2 adjusted EPS rises 18%, beats estimates
Overview
Industrial equipment maker's Q2 revenue rose 51% yr/yr, driven by SPX FLOW acquisition and organic growth
Adjusted EPS for Q2 rose 18% and beat analyst expectations
Company raised full-year guidance for revenue, margin, adjusted EPS, and cash
Outlook
ITT raises 2026 organic revenue growth outlook to 5%-8%, total revenue up 38%-41%
ITT expects 2026 adjusted EPS of $8.12-$8.32, up 13%-16% from prior year
Company sees 2026 free cash flow of $550 mln-$580 mln, margin of 10%-11%
Result Drivers
SPX FLOW ACQUISITION - Co said Q2 revenue and adjusted EPS growth were led by the first full quarter contribution from SPX FLOW
SEGMENT STRENGTH - Co cited strong performance in connectors, pump projects, friction products, and defense programs as drivers of organic growth
PRODUCTIVITY AND PRICING - Co said productivity and pricing actions in legacy businesses boosted adjusted operating margin
Company press release: ID:nBw1j0d5Fa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| $1.47 bln |
|
Q2 Adjusted EPS | Beat | $2.08 | $1.95 (13 Analysts) |
Q2 EPS |
| $0.95 |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 2 "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 $248.00, about 21.5% above its August 5 closing price of $204.08
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 26 three months ago
Reuters Recommended Reads
Aug 4 - Emerson Electric beats quarterly estimates on robust automation demand
Aug 4 - Caterpillar lifts 2026 sales growth forecast as AI buildout powers on
Aug 3 - CNH raises annual profit forecast on improving construction equipment demand
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.)