ITT’s second quarter results were received positively by the market, driven by substantial year-over-year top-line growth and contributions from recent acquisitions. Management attributed the strong performance to robust organic order momentum, especially in the Connectors, Controls & Test (CCT) segment, and successful integration of SPX FLOW. CEO Luca Savi highlighted the role of large defense contracts through the kSARIA business and noted that backlog visibility has improved significantly. The Flow Technologies and Motion Technologies segments also contributed, with management pointing to market share gains in regions like China and across multiple end markets.
Is now the time to buy ITT? Find out in our full research report (it’s free for active Edge members).
ITT (ITT) Q2 CY2026 Highlights:
- Revenue: $1.47 billion vs analyst estimates of $1.39 billion (51.5% year-on-year growth, 5.9% beat)
- Adjusted EPS: $2.08 vs analyst estimates of $1.95 (6.9% beat)
- Management raised its full-year Adjusted EPS guidance to $8.22 at the midpoint, a 4.7% increase
- Operating Margin: 12.2%, down from 18% in the same quarter last year
- Organic Revenue rose 12.7% year on year
- Market Capitalization: $19.36 billion
While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention.
Our Top 5 Analyst Questions From ITT’s Q2 Earnings Call
- Scott Davis (Melius Research) asked about operational excellence at SPX FLOW. CEO Luca Savi acknowledged room for improvement in embedding lean principles in daily operations and expects further productivity gains over time.
- Jeffrey Hammond (KeyBanc Capital Markets) inquired about demand momentum and order visibility at SPX FLOW. Savi pointed to a growing funnel of opportunities and a book-to-bill ratio above 1, indicating growing backlog across regions.
- Michael Halloran (Baird) questioned the visibility provided by the current order backlog and potential for longer-cycle contracts. Management explained that increased backlog offers clearer revenue visibility for upcoming quarters and years, especially in defense and infrastructure.
- Andrew Obin (Bank of America) asked about margin improvement guidance in the second half. Savi attributed expected gains to productivity initiatives and cost synergies in Flow Technologies, despite temporary dilution from the SPX FLOW integration.
- Joseph Giordano (TD Cowen) queried about cross-selling between legacy ITT and SPX FLOW products. Savi described opportunities for channel synergies, particularly by leveraging Waukesha Cherry-Burrell to distribute Bornemann pumps in the U.S.
Catalysts in Upcoming Quarters
In future quarters, the StockStory team will watch (1) the pace of synergy capture and resulting margin improvement from the SPX FLOW integration, (2) order trends in key growth regions such as China and North America, and (3) the ability to offset Middle East order delays with growth in other end markets. Execution on cross-selling initiatives and progress in reducing leverage will also be important indicators of continued value creation.
ITT currently trades at $216.48, up from $204.08 just before the earnings. At this price, is it a buy or sell? Find out in our full research report (it’s free).
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