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ITT Q3 adjusted EPS rises, beats estimates

By Reuters News


Overview

  • Industrial equipment maker's Q3 revenue grew 44% yr/yr, driven by SPX FLOW acquisition and organic growth

  • Q3 adjusted EPS rose and beat analyst expectations

  • Company raised full-year guidance for all key metrics


Outlook

  • ITT raises 2026 organic revenue growth outlook to 7%-9%, total revenue growth to 41%-43%

  • ITT raises 2026 EPS guidance to $4.65-$4.73, adjusted EPS to $8.54-$8.62

  • Company expects 2026 free cash flow of $600 mln-$620 mln, margin near 11%


Result Drivers

  • SPX FLOW ACQUISITION - Co said revenue and order growth were largely driven by the SPX FLOW acquisition

  • AEROSPACE AND DEFENSE - Organic growth attributed to demand for aerospace and defense connectors and pump projects

  • PRICING AND PRODUCTIVITY - Higher volume, pricing actions and productivity improvements offset higher costs


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Adjusted EPS

Beat

$2.26

$2.08 (13 Analysts)

Q3 EPS

$1.38


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

  • Wall Street's median 12-month price target for ITT Inc is $264.00, about 28.7% above its November 3 closing price of $205.11

  • The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 23 three months ago


Reuters Recommended Reads

  • Nov 3 - Eaton Q3 sales, EPS beat estimates on strong demand

  • Nov 3 - AMETEK Q3 sales beat estimates, raises outlook

  • Nov 3 - Regal Rexnord Q3 sales beat estimates on data center demand


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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