Company Overview

ITT Inc. is a globally diversified manufacturer of highly engineered critical components and customized technology solutions. The company primarily serves the transportation, industrial, and energy markets, operating across North America, Europe, Asia, the Middle East, Africa, and South America. Incorporated in 1920 and headquartered in Stamford, Connecticut, ITT has established itself as a key player in supplying essential technologies to a wide array of industrial applications.

Business Operations & Segments

ITT operates through three distinct, yet complementary, business segments:

Motion Technologies

The Motion Technologies segment is a leading global manufacturer of highly engineered brake pads, shock absorbers, energy absorption components, and damping technologies. These products are crucial for the transportation industry, serving applications in passenger cars, trucks, light and heavy-duty commercial and military vehicles, buses, and trains. This segment markets its innovative solutions under well-recognized brand names including ITT Friction Technologies, KONI, Axtone, Novitek, and GALT.

Industrial Process

The Industrial Process segment offers a comprehensive range of industrial pumps, valves, plant optimization solutions, and remote monitoring systems and services. It also provides essential aftermarket support through replacement parts and specialized services. This segment caters to a diverse customer base across critical industries such as energy, chemical and petrochemical, pharmaceutical, general industrial, marine, mining, pulp and paper, food and beverage, power generation, and biopharmaceutical sectors.

Connect & Control Technologies

The Connect & Control Technologies segment designs and manufactures engineered connectors and specialized products vital for critical applications. These components support a broad spectrum of markets, including aerospace and defence, industrial, transportation, medical, and energy. Key brands associated with this segment include Cannon, VEAM, BIW Connector Systems, Aerospace Controls, Enidine, Compact Automation, Neo-Dyn Process Controls, Conoflow, kSARIA, and Micro-Mode.

Recent Financial Performance

Q2 2025 Results (ended June 28, 2025)

ITT demonstrated robust performance in the second quarter of fiscal year 2025, reporting:

- Revenue: $972 million, reflecting a 7% increase (4% organic) compared to the prior year. This growth was driven by significant pump project shipments within the Industrial Process segment, strong demand for aerospace and industrial connectors coupled with effective pricing actions in Connect & Control Technologies, and market share gains in the automotive and rail sectors within Motion Technologies.

- EPS: $1.52, a 5% increase year-over-year, attributed to higher operating income and a reduced weighted-average share count.

- Adjusted EPS: $1.64, an increase of 10% compared to the prior year, largely due to productivity savings and strategic pricing initiatives.

- Operating Income Margin: Increased by 40 basis points to 18.0% year-over-year.

- Adjusted Operating Margin: Increased by 30 basis points to 18.4%.

Q1 2025 Results (ended March 29, 2025)

- Revenue: $913 million, remaining flat on both a GAAP and organic basis.

- Orders: Surpassed $1 billion for the first time, contributing to a backlog of $1.8 billion, representing a 21% increase from the previous year.

Full Year 2024 Performance

- Revenue: $3.63 billion, an increase of 10.59% compared to $3.28 billion in the previous year.

- Earnings: $518.30 million, an increase of 26.26%.

Innovation & Technology

ITT is committed to technological advancement and has made substantial investments in innovation. A notable achievement is the launch of VIDAR, a groundbreaking industrial motor. This innovation enables ITT to penetrate the significant $6 billion addressable market for industrial motors. VIDAR's advanced variable-speed technology is designed to dramatically reduce costs and enhance energy efficiency for customers across various industrial applications.

Sustainability & Operations

ITT recognizes that sustainable performance and long-term growth are intrinsically linked to the dedication and efforts of its diverse global workforce, comprising nearly 10,000 employees. In 2021, the company established a Reduce–Avoid–Offset framework to guide its strategic pursuit of reducing greenhouse gas emissions. This comprehensive framework is instrumental in charting ITT's path toward achieving carbon neutrality.

2025 Financial Guidance & Outlook

Buoyed by its strong year-to-date financial performance and a more stable demand outlook anticipated for the second half of 2025, ITT is revising its full-year revenue and EPS guidance upwards. For the full fiscal year 2025, ITT now forecasts total revenue growth between 5% and 7%, with organic revenue growth projected at 3% to 5%.

Long-term Targets

At its 2025 Capital Markets Day, ITT unveiled ambitious financial objectives for the year 2030. The company anticipates achieving an average annual organic revenue growth rate exceeding 5%, with total growth, including strategic acquisitions, projected at approximately 10%. Management is focused on driving EPS to over $12 by 2030.

Dividend Information

ITT's Board of Directors has approved a cash dividend of $0.351 per share on its outstanding common stock for the third quarter of 2025. This dividend is scheduled to be payable on Monday, September 29, 2025, to shareholders of record as of the close of business on Tuesday, September 2, 2025.

ITT continues to demonstrate exceptional operational execution across its three core business segments. The company benefits from robust order growth, expanding profit margins, and strategic investments in cutting-edge technologies, all of which strategically position ITT for sustained and significant growth within its served markets.