ITT Beats Q2 Estimates With $1.47 Billion Revenue, Raises 2026 EPS View to $8.22
Updated
Updated · Yahoo Finance · Aug 15
ITT Beats Q2 Estimates With $1.47 Billion Revenue, Raises 2026 EPS View to $8.22
1 articles · Updated · Yahoo Finance · Aug 15
Summary
$1.47 billion in Q2 revenue and $2.08 adjusted EPS topped analyst forecasts of $1.39 billion and $1.95, sending ITT shares higher after 51.5% year-on-year sales growth.
12.7% organic revenue growth, strong order momentum in Connectors, Controls & Test, and contributions from the SPX FLOW acquisition drove the beat, with management citing large defense contracts and better backlog visibility.
12.2% operating margin fell from 18% a year earlier as SPX FLOW integration diluted profitability, though ITT said second-half productivity gains and cost synergies should lift margins.
A book-to-bill ratio above 1 at SPX FLOW and cross-selling plans for products such as Bornemann pumps point to a growing backlog and clearer revenue visibility across defense, infrastructure, and other end markets.