ITT posts Q3 2026 earnings beat and lifts full‑year EPS guidance
ITT reported third‑quarter 2026 revenue of $1.44 billion, up 44% year‑over‑year, and earnings per share of $1.38, beating analysts’ expectations. Adjusted EPS was $2.26, also above forecasts. The company raised its full‑year EPS outlook to $4.65‑$4.73 for GAAP and $8.54‑$8.62 for adjusted earnings, citing strong contributions from the recent SPX FLOW acquisition and robust demand in aerospace, defense and biopharma.
Why it matters
The higher guidance signals that ITT expects stronger profitability for the rest of 2026, which could support the stock price and affect investors’ earnings forecasts. The raised adjusted EPS range of $8.54‑$8.62 reflects the company’s confidence in integrating SPX FLOW and delivering cost synergies.
Key facts
- 1Revenue grew 44% to $1.44 billion, with 8% organic growth, driven by the SPX FLOW acquisition and strong connector and pump projects. sec.gov
- 2GAAP earnings per share were $1.38, a 15% decline from $1.62 a year earlier. sec.gov
- 3Adjusted earnings per share were $2.26, a 20% increase from $1.89 a year earlier. sec.gov
- 4Operating margin was 15.7% and adjusted operating margin was 21.0%. sec.gov
- 5Full‑year GAAP EPS guidance was raised to $4.65‑$4.73. sec.gov
- 6Full‑year adjusted EPS guidance was raised to $8.54‑$8.62. sec.gov
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.