ITT Q2 Earnings Call Highlights

ITT reported record second-quarter performance with 51% revenue growth and 18% adjusted EPS growth to $2.08. The company raised its full-year outlook for organic revenue growth to 5%–8%, adjusted EPS to a midpoint of $8.22, and free cash flow to $565 million. The Connect & Control Technologies segment led the results, supported by strong defense and aerospace demand, while Flow Technologies delivered 21% organic growth. ITT also made progress on its balance sheet, paying down $124 million of debt. The company reported a quarterly book-to-bill ratio of 1.1x and year-to-date free cash flow of $176 million. Segment results showed strong performance in Connect & Control Technologies, with organic orders up 59% driven by defense awards, and organic revenue up 17%. Motion Technologies reported revenue growth of 6%, including 2% organic growth. Flow Technologies recorded 123% total revenue growth and 21% organic growth, with management expecting segment margins to improve through the rest of 2026 due to integration cost synergies and productivity measures.