Key Highlights

  • Revenue rose 44% to USD 1,440.6 million in the quarter ended October 3, 2026, with the SPX FLOW Acquisition contributing 35 points of growth and organic Revenue up 7.6%.
  • GAAP Earnings Per Share fell 15% to USD 1.38 on acquisition-related costs, while adjusted earnings per share rose 20% to USD 2.26 from USD 1.89.
  • Adjusted Operating Margin widened 140 basis points to 21.0%, while the reported operating margin fell 230 basis points to 15.7% on amortization and acquisition costs.
  • Full-year adjusted EPS guidance was raised to USD 8.54 to USD 8.62, with free Cash Flow expected at USD 600 million to USD 620 million.

SPX FLOW Lifts Revenue, Acquisition Costs Hit GAAP Profit

ITT (NYSE:ITT) reported third-quarter results on November 4, 2026. Revenue grew to USD 1,440.6 million from USD 999.1 million. Operating Income rose 26% to USD 226.8 million, while adjusted operating income rose 55% to USD 303.1 million. GAAP EPS of USD 1.38 compared with USD 1.62 a year earlier, and the company attributed the fall to acquisition-related costs. Adjusted EPS of USD 2.26 compared with USD 1.89, as segment income and SPX FLOW offset higher interest expense, a larger share count and a higher effective tax rate tied to the deal. Orders increased 58%, or 20% organic, across aerospace and defense, flow projects and biopharma.

Flow Technologies Doubles While Connectors Lead Organic Growth

Flow Technologies revenue rose 99.1% to USD 764.3 million, with organic growth of 6.0% led by energy and biopharma. Its reported operating margin fell 770 basis points to 13.7% on SPX FLOW acquisition impacts, while its adjusted margin slipped 40 basis points. Motion Technologies revenue grew 2.3% to USD 363.7 million, with a 20.6% operating margin. Connect and Control Technologies revenue rose 21.1% to USD 313.9 million, 18.6% organic, on defense, industrial connectors and aerospace components, with a 20.5% margin. The company also named Davide Barbon, previously head of Motion Technologies, to lead the Connect and Control segment effective immediately; both segments will still be reported separately.

Raised 2026 Guidance, Free Cash Flow and the Dividend

Operating cash flow rose 80% to USD 312.5 million and free cash flow rose 87% to USD 288.4 million. For 2026, management now expects 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. Adjusted operating margin is guided to 20.2% to 21.0%, and free cash flow margin to about 11%. The board declared a quarterly Dividend of USD 0.386 a share, payable December 31, 2026 to holders of record on December 4, 2026. The release says it cannot quantify currency, acquisition and special-item effects on forward non-GAAP measures, so those guided figures carry that uncertainty.

Where Things Stand

The revenue jump came mostly from an acquisition, and GAAP profit fell for that reason too. SPX FLOW added 35 points of the 44% revenue growth, while organic growth was 7.6%, and acquisition costs cut GAAP EPS 15% even as adjusted EPS rose 20%. ITT (NYSE:ITT) raised guidance across key metrics, which signals confidence but rests on integration and cost synergies arriving as planned. Management said SPX FLOW cost synergies are arriving ahead of schedule and that Backlog and orders momentum support growth next year. The conference call is set for November 5, 2026, and the release gives no price reaction or consensus comparison.