ITT Posts Record $1.5B Revenue, Raises Full-Year Guidance on Strong Q2
ITT sits 28% above its 52-week low of $163.3.
Summary
ITT delivered a standout Q2 with record revenue of $1.5 billion, up 51% year-over-year, driven by 13% organic growth and the SPX FLOW acquisition. Adjusted EPS of $2.08 beat expectations, rising 18%, while adjusted operating margin expanded 40 basis points to 20.0%. Management raised full-year guidance across revenue, margin, EPS, and cash, signaling confidence in sustained momentum. The legacy business posted double-digit organic orders and revenue growth, with defense programs in CCT gaining traction. SPX FLOW contributed a strong first full quarter with a book-to-bill above 1.1x, and integration is ahead of plan. This follows the June completion of the Aerospace Contacts acquisition, adding to the growth narrative.
At the time of this announcement, ITT was trading at $209.70 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $18.2B. The 52-week trading range was $163.30 to $225.26. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.