ITT reported second-quarter revenue of $1.47 billion, beating analyst estimates of $1.39 billion and growing 51.5% year over year, while adjusted EPS of $2.08 also topped expectations. Management raised its full-year adjusted EPS guidance to $8.22 at the midpoint, a 4.7% increase, citing robust organic order momentum and successful integration of SPX FLOW. CEO Luca Savi highlighted large defense contracts through the kSARIA business and improved backlog visibility, while the Connectors, Controls & Test segment drove growth. Operating margin fell to 12.2% from 18% a year earlier, partly due to acquisition-related dilution.
ITT IncQ2 beat and raised full-year EPS guidance
CEO highlighted large defense contracts through kSARIA
