ITT Q3 adjusted EPS rises, beats estimates

What happened

ITT reported third-quarter adjusted earnings per share of $2.26, above the $2.08 analyst consensus, while revenue grew 44% year over year, largely driven by its SPX FLOW acquisition and organic growth. The company raised its full-year guidance across key metrics, including 2026 revenue growth, adjusted earnings and free cash flow.

Confirmed

Global impact / market context

The raised outlook points to expected growth in sales and cash generation, which can support ITT’s ability to fund operations and investment. The article attributes growth to the acquisition and demand for aerospace and defense products, while pricing and productivity helped offset higher costs.

Analyst inference

The supplied context reports a buy consensus among covered analysts and a median 12-month price target of $264, compared with a stated November 3 closing price of $205.11. Those figures describe analyst expectations, not a guaranteed share price or future return.

Confirmed

What to watch

1. Check whether ITT delivers its 2026 organic revenue growth outlook of 7%-9%, which would indicate whether growth is extending beyond the contribution from the SPX FLOW acquisition. Confirmed
2. Track whether pricing actions and productivity continue to offset higher costs; weaker offsets could pressure profit per sale even if revenue rises. Analyst inference
3. Watch for reported aerospace and defense demand and pump-project activity, since the company identified these as drivers of organic growth and order growth. Confirmed

Evidence

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