Key Highlights

  • Revenue climbed 44% to USD 1,440.6 million for the quarter ended October 3, 2026, with the SPX FLOW deal supplying 35 points of that growth and organic Revenue advancing 7.6%.
  • GAAP Earnings Per Share declined 15% to USD 1.38 because of acquisition-related costs, whereas adjusted EPS grew 20% to USD 2.26 from USD 1.89.
  • Adjusted Operating Margin expanded 140 basis points to 21.0%, while the reported margin shrank 230 basis points to 15.7% due to amortization and deal costs.
  • Full-year adjusted EPS guidance moved up to USD 8.54 to USD 8.62, and free Cash Flow is now expected between USD 600 million and USD 620 million.

SPX FLOW Lifts Sales While Deal Costs Weigh on GAAP Profit

ITT (NYSE:ITT) released third-quarter figures on November 4, 2026, with revenue reaching USD 1,440.6 million from USD 999.1 million a year earlier. Operating Income increased 26% to USD 226.8 million, and adjusted operating income rose 55% to USD 303.1 million. GAAP EPS landed at USD 1.38 versus USD 1.62, a decline the company traced to costs linked to the acquisition. Adjusted EPS climbed to USD 2.26 from USD 1.89, as segment earnings and SPX FLOW more than absorbed higher interest expense, a bigger share count and a heavier tax rate tied to the transaction. Orders rose 58%, or 20% on an organic basis, across aerospace and defense, flow projects and biopharma.

Flow Technologies Nearly Doubles as Connect and Control Leads Organic Gains

Flow Technologies sales jumped 99.1% to USD 764.3 million, and organic growth reached 6.0% with energy and biopharma as the main drivers. Reported operating margin dropped 770 basis points to 13.7% because of SPX FLOW effects, while the adjusted margin edged down 40 basis points. Motion Technologies grew 2.3% to USD 363.7 million with a 20.6% operating margin. Connect and Control Technologies rose 21.1% to USD 313.9 million, or 18.6% organically, led by defense, industrial connectors and aerospace components, and carried a 20.5% margin. ITT also appointed Davide Barbon, previously head of Motion Technologies, to run Connect and Control immediately, and the two segments will keep being reported separately.

Guidance Raised, Cash Generation Improves and a Quarterly Dividend Declared

Operating cash flow climbed 80% to USD 312.5 million, while free cash flow rose 87% to USD 288.4 million. For 2026, management now sees organic revenue growth of 7% to 9%, total revenue growth of 41% to 43%, and GAAP EPS of USD 4.65 to USD 4.73. The adjusted operating margin is guided between 20.2% and 21.0%, with a free cash flow margin near 11%. The board approved a quarterly dividend of USD 0.386 a share, payable December 31, 2026 to shareholders of record on December 4, 2026. The release states it cannot quantify currency, Acquisition and special-item effects on forward non-GAAP measures, so the guided non-GAAP figures carry that uncertainty.

Where Things Stand

Mostly the SPX FLOW acquisition. ITT (NYSE:ITT) reported 44% revenue growth, with the deal adding 35 points and organic growth at 7.6%, while acquisition costs pulled GAAP EPS down 15% even as adjusted EPS rose 20%. ITT raised guidance across key measures, which signals confidence but depends on integration and cost synergies arriving as planned. Management says SPX FLOW synergies are coming in ahead of schedule and that Backlog and orders support growth next year. The conference call is set for November 5, 2026, and the release offers no price reaction or consensus comparison.