ITT reports Q2 adjusted EPS $1.64, consensus $1.61

Reports Q2 revenue $972.4M, consensus $948.47M. “On the heels of our 2025 Capital Markets Day, ITT (ITT) delivered a strong Q2, well aligned to the pillars of value creation we outlined in May, showcasing our differentiation through execution, innovation and M&A. Once again, we surpassed $1B of orders and entered Q3 with nearly $2B in backlog. All segments grew revenues organically whilst operating income grew over twice the rate of sales growth. Cash generation accelerated, growing over 30% year-to-date, enabling us to both invest in our businesses and deploy over half a billion dollars of capital, nearly three times our free cash flow. Finally, our acquisitions continue to perform with large awards and strong profitable growth in the energy transition and on coveted defense platforms. All of this resulted in adjusted EPS growth of 10% for the quarter or 16% excluding the Wolverine divestiture. On the strength of this performance and a less volatile outlook, we are raising our revenue and EPS guidance for 2025. We are confident in ITT’s ability to deliver on our commitments this year and over the long term,” said CEO Luca Savi.