ITT Inc. (ITT) Earnings
ITT Inc. is expected to report next earnings on July 30, 2026 (in NaN days), with a consensus EPS estimate of $1.93. ITT has beaten EPS estimates in 10 of its last 12 reported quarters (average surprise +5.8% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 6, 2026 | $1.77 | $1.98 | +11.9% | $1.2B | +8.5% |
| Feb 5, 2026 | $1.79 | $1.85 | +3.4% | $1.1B | +6.1% |
| Oct 29, 2025 | $1.67 | $1.78 | +6.6% | $999M | +2.5% |
| Jul 31, 2025 | $1.62 | $1.64 | +1.2% | $972M | +0.8% |
| May 1, 2025 | $1.44 | $1.45 | +0.7% | $913M | -2.6% |
| Feb 6, 2025 | $1.48 | $1.50 | +1.4% | $929M | +0.2% |
| Aug 1, 2024 | $1.46 | $1.49 | +2.1% | $906M | -1.2% |
| May 2, 2024 | $1.36 | $1.42 | +4.4% | $911M | +3.1% |
| Feb 8, 2024 | $1.34 | $1.34 | +0.0% | $829M | +1.8% |
| Nov 2, 2023 | $1.27 | $1.37 | +7.9% | $822M | +1.3% |
| Aug 3, 2023 | $1.18 | $1.33 | +12.7% | $834M | +4.8% |
| May 4, 2023 | $1.11 | $1.17 | +5.4% | $798M | +2.6% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 6, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Recognized employees across ITT for strong start to the year, especially Middle East teams despite challenges. - Q1 highlights: 26% orders growth (8% organically), 33% revenue growth (11% organically), 130 basis points margin expansion, 25% adjusted EPS growth. SPX Flow had strong start with net earnings, cash accretion, and top-line growth. - CCT grew 17% organically with aerospace and industrial strength. Flow Technology grew 61% total and 12% organically due to strong project shipments. MT grew 5% organically in down automotive market. Friction OE outperformed. - Capital deployment: SPX Flow acquisition closed one month ahead of schedule with leverage ratio 2.7; working on synergies; deployed $100 million towards share repurchases. - 2026 outlook: Initiated full year adjusted EPS guidance $7.70 - $8, midpoint up 9%; guiding to 37% revenue growth and 5% organic growth; SPX Flow expected to contribute low teens net adjusted EPS accretion; backlog nearly doubled in last three years and expected to grow in 2026.
Guidance
- Initiated full year adjusted EPS guidance for 2026: range $7.70 to $8, up 9% at midpoint. - Guiding to 37% revenue growth and 5% organic growth at midpoint with book to bill above one. - SPX Flow expected to contribute low teens net adjusted EPS accretion. - 2026 expected free cash flow at midpoint roughly $560 million, free cash flow margin between 10% and 11%. - Q2 outlook: EPS expected to be up high single digits; organic revenue growth mid-single digits; Flow Technologies organic low double digits; CCT mid-single digits; MT low single digits; operating margin expected to extend by around 50 basis points compared to prior year.
Segment performance
In Q1 2026, ITT demonstrated solid momentum. Orders grew 26% with 8% organically. Revenue grew 33% and 11% organically. CCT grew 17% organically, driven by strength in aerospace, defense, and industrial. Flow Technology grew 61% in total and 12% organically, boosted by strong project shipments. MT grew 5% organically in a down automotive market. Friction OE outperformed global automotive production by over 1,400 basis points. CCT contributed 17% organic growth, Flow Technology 12% organic growth, MT 5% organic growth, and friction's organic outperformance was a key aspect.
Risks & headwinds
Actual results may differ materially due to several risks and uncertainties, including those described in ITT's 2025 Annual Report on Form 10-K and other recent SEC filings. Risks such as Middle East conflict, supply chain disruptions, tax, interest rate, and market share competition could impact business performance.
Analyst Q&A
Q: Joe Giordani asked about SPX acquisition surprises and defense business potential air pockets due to global hostilities ending.
A: Luca said engagement of workforce in SPX plants surprised positively, revenue synergies have growth potential; defense business has broad portfolio and large modernization trend in US and Europe so no air pockets seen.
Q: Julian Mitchell inquired about selling days dynamics impact on Q1 sales and EPS and Q2-Q4 EPS cadence.
A: Additional four selling days contributed around 5% revenue growth and less than 10 cents EPS in Q1; next few quarters expected around 190 - 195 EPS.
Q: Jeff Hammond asked about SPX Flow order trends and organic growth modeling and tax rate.
A: SPX Flow orders growth 5%, revenue growth 15%, book to bill above one for full year; organic growth in 4-year expected with IP and CCT in high single digits, MT in low single digits; tax rate at 24.9% due to SPX Flow, Mike and team working to bring it down.
Q: Nathan Jones asked about CCT margins and revenue synergies.
A: Price has been tailwind for CCT, largest opportunity in Caesarea; revenue synergies like Waukesha selling Bornemann twin screw pumps, Latin America mixing efforts, Middle East planning, and localization in Shidu, Shanghai, Poland.
Q: Vlad Bistricki asked about organic growth outlook and Middle East conflict impact.
A: No major change from expectations; Middle East impact in Q2 less than 1% of IT revenue; strong performance in short cycle, market share gains in flow and connectors.
Q: Brad Hewitt asked about friction business outperformance compression and price-cost equation.
A: Friction outperformance in Q1 is one quarter, stick to 500 - 700 basis points outperformance full year; price-cost positive overall, tariff situation fluid but offset by commercial and productivity actions in 2026.
Q: Matt Somerville asked about industrial process funnel and SPX Flow EPS accretion cadence.
A: Funnel very healthy, elevated and up year over year and sequentially; North America funnel up most; Q1 SPX Flow has outsized contribution due to March's disproportion, interest expense and share count affecting Q2-Q4 accretion.
Q: Jake Scott asked about Middle East conflict upside and small bolt-on deals.
A: Expect investment and service work to come out of Middle East conflict; have organizational capacity for small bolt-on deals due to strong business units like Svanoi and financial flexibility with leverage ratio 2.7