ITT Raises 2026 EPS Outlook as Third-Quarter Revenue Grows

The Tip Desk · November 4, 2026 · 3 min read

Third-quarter revenue rose 44% to $1.4 billion, while acquisition-related costs drove a 15% decline in GAAP EPS to $1.38. Adjusted earnings were $2.26 a share, and the company now sees full-year adjusted EPS of $8.54 to $8.62.

ITT Inc. (ITT) raised its 2026 EPS and adjusted EPS outlooks after third-quarter revenue rose 44% to $1.4 billion, while acquisition-related costs drove a 15% decline in GAAP EPS to $1.38. The SPX FLOW acquisition still accounted for most of the top-line increase, while organic growth slowed.

For the quarter ended October 3, 2026, revenue rose 44% to $1.4 billion, with SPX FLOW contributing 35 points of that increase. Organic revenue growth was 8%, down from 13% organic growth in the second quarter. Orders increased 58%, or 20% organically, which the company said was driven by SPX FLOW and by aerospace and defense, flow projects and biopharma.

GAAP earnings were $1.38 a share, down 15% from a year earlier, which the company attributed to acquisition-related costs. Adjusted EPS was $2.26, up 20% from a year earlier. Operating income rose 26% to $227 million. Operating margin was 15.7%, down 230 basis points from a year earlier on acquisition-related intangible amortization and costs. Adjusted operating margin was 21.0%, up 140 basis points from a year earlier.

Flow Technologies was the largest of the three reportable segments. Revenue was $764.3 million, up 99.1% from a year earlier and 6.0% organically, including $357.3 million of acquisitions from SPX FLOW. Adjusted operating income in the segment rose 96.1% to $171.6 million. Reported operating margin was 13.7%; adjusted operating margin was 22.4%. The company said organic revenue was led by energy and biopharma.

Connect & Control Technologies revenue was $313.9 million, up 21.1% and 18.6% organically, on pricing, defense wins, industrial connectors and aerospace components. Operating margin was 20.5% and adjusted operating margin was 22.0%. Motion Technologies revenue was $363.7 million, up 2.3% and 1.8% organically, with operating margin of 20.6% and adjusted operating margin of 21.0%.

Net cash from operating activities was $312.5 million, up 80% from a year earlier. Free cash flow was $288.4 million, up 87%.

Based on year-to-date commercial and operational performance, the company now expects organic revenue growth of 7% to 9% and total revenue growth of 41% to 43% for 2026. Operating margin is now expected to finish the year between 13.3% and 14.1%, with adjusted operating margin of 20.2% to 21.0%. EPS is expected to be $4.65 to $4.73, and adjusted EPS is expected to be $8.54 to $8.62. The company said the adjusted EPS range represents 19% to 20% growth for the full year. Free cash flow is expected to be $600 million to $620 million, or about an 11% margin.

Those adjusted EPS and GAAP EPS ranges sit above the second-quarter outlook of $8.12 to $8.32 and $4.47 to $4.67, respectively.

Chief Executive Officer and President Luca Savi said the company is executing at SPX FLOW with high-single-digit growth and capturing cost synergies ahead of schedule, and that a healthy backlog and orders momentum position ITT to continue driving growth and margin expansion next year.

The company declared a quarterly dividend of $0.386 a share, payable December 31, 2026. Davide Barbon, previously president of Motion Technologies, was named to lead Connect & Control Technologies, effective immediately. The two segments will remain distinct reportable units.