ITT (ITT) Q3 2026 earnings summary

Executive summary

• Q3 revenue was $1,440.6M, up 44.2% reported and 7.6% organically; organic orders rose 20.5%.

• Adjusted operating income increased 54.8% to $303.1M, adjusted margin expanded 140 bps to 21.0%, and adjusted EPS rose 19.6% to $2.26.

• Strong orders, backlog and SPX FLOW synergies supported higher FY2026 revenue, adjusted margin, EPS and free cash flow guidance.

Financial highlights

• Q3 gross profit increased 53.4% to $550.4M; gross margin expanded 230 bps to 38.2%.

• Reported operating income rose 26.1% to $226.8M, while reported operating margin fell 230 bps to 15.7%; adjusted operating margin was 21.0%.

• Adjusted income from continuing operations rose 36.9% to $203.3M; reported net income was $123.6M versus $126.9M, and diluted EPS was $1.38 versus $1.62.

• Q3 free cash flow was $288.4M, up 87.0%; YTD free cash flow was $464.3M, up 26%.

Outlook and guidance

• FY2026 revenue growth guidance increased to 41%–43% total and 7%–9% organic.

• Adjusted operating margin guidance rose to 20.2%–21.0%; adjusted EPS guidance increased to $8.54–$8.62, implying 19%–20% growth.

• Free cash flow guidance increased to $600M–$620M, with an ~11% margin.

• SPX FLOW is projected to deliver high-single-digit 2026 growth; 35%–40% of $2,781.6M backlog was expected to convert to revenue during the remainder of 2026.