The beat-and-raise quarter confirms strong operational momentum, particularly from the SPX FLOW integration and defense/aerospace tailwinds in CCT. Monitor the Q3 earnings call for further updates on SPX FLOW synergy realization and organic order trends in Flow Technologies, where organic orders declined 3% due to tough comps.
Price Chart
Executive Summary
ITT reported Q2 2026 adjusted EPS of $2.08, a 6.9% beat vs the $1.95 consensus, on record revenue of $1.47B (51.5% reported growth, 12.7% organic). The company raised its full-year 2026 adjusted EPS guidance to $8.12-$8.32 (from $7.70-$8.00) and organic revenue growth to 5%-8%, citing strong commercial and operational performance across all segments, including a full quarter of accretive SPX FLOW results. GAAP EPS fell 37.5% to $0.95 due to acquisition-related intangible amortization and costs, but the beat on adjusted numbers and the upward guidance revision are the key drivers for the stock.
Key Financial Metrics
Key Facts
- Adjusted EPS of $2.08 beat consensus of $1.95 by 6.9%
- Record revenue of $1.47B, up 51.5% reported and 12.7% organic YoY
- Raised full-year 2026 adjusted EPS guidance to $8.12-$8.32 from $7.70-$8.00
- Raised full-year organic revenue growth guidance to 5%-8% from 4%-6%
- Adjusted operating margin expanded 40 bps to 20.0%
- Free cash flow of $162M, up 18% YoY
- All three segments (FT, MT, CCT) delivered double-digit adjusted operating income growth
Financial Impact
Adjusted EPS beat by $0.13 (6.9%) on $1.47B revenue; full-year adjusted EPS guidance raised by $0.42 at the midpoint.
Risk Factors
- GAAP EPS declined 37.5% due to acquisition-related amortization and costs, which may concern some investors
- Flow Technologies organic orders declined 3% YoY due to tough prior-year comps in energy transition and oil & gas projects
- Integration risks and synergy realization from the SPX FLOW acquisition remain
- Higher interest expense and share count from the SPX FLOW acquisition will continue to pressure GAAP EPS
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000216228-26-000061 |
| Document: itt-20260806.htm | 0000216228-26-000061 |
| Document: 0000216228-26-000061-index-headers.html | 0000216228-26-000061 |
| Document: 0000216228-26-000061-index.html | 0000216228-26-000061 |
| Document: 0000216228-26-000061.txt | 0000216228-26-000061 |
| 8-K Data (Synthetic) | 0000216228-26-000061 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 1, 2026 4w ago | Insider Buy | $194.26 $201.82 | ▲ +3.89% | ▲ +3.78% | $205.75 (+5.91%) |
Aug 6, 2026 8w ago | 8-K | $214.41 $203.48 | ▼ −5.10% | ▼ −5.70% | $205.75 (−4.04%) |
Jun 29, 2026 13w ago | 8-K | $197.76 $197.80 | ▲ +0.02% | ▲ +1.05% | $205.75 (+4.04%) |
May 7, 2026 21w ago | Insider Cluster | $207.79 $194.07 | ▼ −6.60% | ▼ −9.74% | $205.75 (−0.98%) |
May 6, 2026 21w ago | 8-K | $216.63 $194.07 | ▼ −10.41% | ▼ −13.20% | $205.75 (−5.02%) |
US Market Status
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