ITT earnings analysis
What we found in ITT's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
ITT Inc. reported strong Q1 2026 results, with revenues of $1.212 billion, up 32.7% year-over-year, driven by acquisitions and strong organic growth across segments. However, despite revenue growth, operating income and net income decreased due to higher operating expenses linked to acquisition costs. Adjusted EPS increased by 25% to $1.98, exceeding consensus estimates and reflecting robust operational performance.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Beat Expectations: $1.212B
- Q1 2026 revenue rose 32.7% YoY to $1.212 billion, surpassing estimates by 8.45%.
- Earnings Exceed Consensus: $1.98 EPS
- Diluted EPS for Q1 2026 was $1.98, exceeding estimates by 13.79% and showing a 25% increase YoY.
- Strong Organic Revenue Growth: 10.9%
- Organic revenue grew 10.9% driven by strong demand in Flow and Motion Technologies.
- Significant Operating Income Growth: FT
- Operating income from Flow Technologies increased 29.3% to $82.1 million.
- Adjusted EPS Increased 25% YoY
- Adjusted EPS rose to $1.98, up from $1.58 in Q1 2025.
- Improved Gross Profit: $428.8M, 35.4% Margin
- Gross profit surged 32.7% to $428.8 million with a stable gross margin of 35.4%.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Higher Operating Expenses: $287.6M
- Operating expenses increased by 66.9% to $287.6 million, driven by acquisition-related costs.
- Debt Levels Rising Significantly
- Interest expense surged by 165.6% to $24.7 million due to increased debt levels post-acquisition.
- Geopolitical Risks Impacting Operations
- Ongoing geopolitical tensions, particularly related to Iran, pose risks to supply chain and market conditions.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.98
- Gross margin
- 35.4%
- Operating margin
- 11.7%
- Segment
- Flow Technologies
- Segment
- Motion Technologies
- Segment
- Connect & Control Technologies
What they said about what is next.
FY2026 adjusted EPS guidance revised downward to $4.15 to $4.45 due to acquisition impacts.
The filing reads better than the one before it.
What came before.
- 10-Q · October 29, 2025
- ITT reported Q3 2025 revenue of $999.1 million, up 12.9% year-over-year, with GAAP diluted income from continuing operations of $1.62 per share and adjusted EPS of $1.78. Revenue strength was broad-based (IP and CCT led…
- 10-Q · July 31, 2025
- ITT reported Q2 2025 revenue of $972.4 million, up $66.5 million (7.3%) year-over-year, with operating income rising to $175.1 million (+9.6%) and GAAP diluted income from continuing operations of $1.52 per share (up…
- 10-Q · May 1, 2025
- ITT reported Q1 2025 revenue of $913.0 million (flat YoY) and GAAP diluted EPS of $1.33 (down $0.02 YoY). Gross margin expanded to 34.6% (up 150 bps YoY) while consolidated operating margin was stable at 16.5%. Cash…
- 10-K · February 10, 2025
- ITT reported a strong 2024 with revenue of $3,630.7 million (up 10.6%), operating income of $676.0 million (operating margin 18.6%, +250 bps) and income from continuing operations of $6.30 per diluted share (up 26.8%).…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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