ITT INC. — Form 8-K
Filed August 6, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 68/100
What the filing says
ITT reported Q2 2026 revenue of $1.5B (+51% reported, +13% organic) and adjusted EPS of $2.08 (+18%), driven by the SPX FLOW acquisition (completed early 2026, funded with ~$3.5B cash outlay and $777M equity issuance) and strong organic growth in aerospace/defense and friction. The company raised full-year adjusted EPS guidance to $8.12–$8.32 (+13–16% vs. prior year) and organic revenue growth to 5–8% on strong operational execution, though reported EPS declined 38% due to $62.6M intangible amortization and $51.5M acquisition costs; cash fell from $1.74B to $591M post-acquisition funding.
Why this rating
Material acquisition (SPX FLOW ~$3.5B, ~29% of $12.2B market cap) executed and integrating ahead of plan; adjusted EPS guidance raised 13–16% signals confidence; but debt increased sharply (long-term debt now $2.87B) and near-term reported EPS depressed by amortization and integration costs. Meaningful for trajectory but integration risk remains.
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