ITT Inc. benefits from strong sales and order growth amid rising costs and debt

Zacks Investment Research·1 Jul 2026·Read original

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Summary · why it matters

ITT Inc. is seeing strong sales volume and order growth, with its Flow Technologies segment posting a 12.2% year-over-year organic revenue increase in the first quarter of 2026, driven by market share gains across all product categories and solid demand for pumps, valves, and aftermarket services. The Connect and Control Technologies segment recorded a 17.5% organic revenue jump, supported by growth in aerospace and defense flow control components and connector solutions. Acquisitions, including Svanehøj and kSARIA, contributed $151.4 million to sales in the quarter, and the company has agreed to acquire Aerospace Contacts LLC to further strengthen its supply chain and product offerings. However, operating costs surged, with cost of sales up 32.8%, sales and marketing expenses up 53.9%, and general and administrative expenses up 81.1% year over year, partly due to acquisition-related costs. Total debt rose to $3.85 billion from $782.8 million at the end of 2025 following the SPX FLOW acquisition, and interest expense increased to $24.7 million from $9.3 million a year earlier. ITT returned $135 million to shareholders in the first quarter through $35 million in dividends, up 22%, and $100 million in share repurchases, and raised its quarterly dividend by 10% in February 2026. The stock has gained 14% year to date, outperforming the industry's 9.4% growth.

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