ITT’s chief executive Luca Savi presented the company’s performance at the 25th Annual Diversified Industrials & Services Conference on September 24, 2026. He noted that ITT’s revenue surpassed $5 billion after the SPX FLOW acquisition and that the three‑year average organic revenue growth stands at 7 %. Earnings per share have risen at a compound annual growth rate of 16 % over the same period.
Segment‑level results showed Flow Technologies delivering 21 % organic growth in Q2, driven by a 45 % increase in pumps and a 10 % rise in short‑cycle products, with a book‑to‑bill ratio above 1.0. Motion Technologies’ friction OEM business outpaced global auto production by roughly 400 basis points in Q2, and full‑year guidance calls for more than 500 basis points of outgrowth. Custom Controls Technology reported commercial aerospace revenue up 14 %, defense revenue up 16 % and defense orders nearly 60 % higher.
Acquired businesses also contributed to growth. Svanehøj, bought in January 2024, posted 30 % growth and a book‑to‑bill ratio of 1.3. SPX FLOW’s orders and revenue are expanding in the high single digits year‑to‑date, with a book‑to‑bill ratio above 1.0; nutrition and health account for 50‑60 % of its revenue. Cross‑selling has generated nearly $0.5 million in Waukesha twin‑screw pump sales in North America and $4‑5 million in quotations.
Financial highlights shared at the conference included a stock price of $208.95, up 1.59 %, a P/E ratio of 42.5, diluted EPS of $5.03 over the last twelve months, an ROE of 11 % and a dividend yield of 0.73 %, marking the 13th consecutive year of increase and the 56th year of uninterrupted payout. ITT expects to name a new CFO by the end of 2025 and anticipates cost‑synergy run‑rate from the SPX FLOW deal to exceed the $80 million target by year three.
Operational notes highlighted that about 40 % of ITT’s revenue comes from sites performing below the company average, presenting an internal improvement opportunity. Motion Technologies measures quality in parts per billion, which the CEO said is two orders of magnitude better than competitors operating at 40‑50 parts per million. The company also disclosed that its Wuxi, China plant has maintained 100 % on‑time delivery for 24 straight months and that it is the sole certified supplier for high‑speed rail trains launching in October 2025, with platform lifespans of around 30 years.
