ITT Inc.: Q4 FY2025 earnings call

What management said about Q4 FY2025, from the documents filed with the SEC on 2 March 2026: press release. The quarter’s numbers.

Key takeaways

Total consideration of $4.775 billion: Total consideration was $4.775 billion, funded through cash and equity, under a definitive agreement announced in December 2025. Source
SPX FLOW 2025 revenue and orders: SPX FLOW reported 2025 revenue above $1.3 billion and organic orders growth of 14%, which the release describes as in line with ITT expectations. Source
Portfolio tilted to higher growth: Management said ITT's portfolio is more resilient and increasingly weighted toward higher-growth, higher-margin businesses. Source
Combined flow technologies platform: Management said combining SPX FLOW with the Industrial Process business creates a global flow technologies platform for sustained, long-term profitable growth. Source
Q4 2025 revenue up 13.5%: Q4 2025 revenue was $1,054.0 million, up 13.5% reported and 8.6% organic, according to the February 5, 2026 release.
Free cash flow $555 million in 2025: Full-year 2025 free cash flow was $555.4 million, up 26.6%, with a 14.1% margin, on operating cash flow of $668.8 million.

“Today marks an exciting milestone as we welcome 3,900 new ITTers to our company.”
Luca Savi, Chief Executive Officer and President

What changed from last quarter

New: Industrial Process segment renamed Flow Technologies, effective on the closing date. Source
New: Adjusted operating income and adjusted EPS will exclude acquisition-related intangible amortization from fiscal 2026. Fiscal 2025 adjusted operating income would rise $47.3 million and adjusted EPS $0.46.
New: The SPX FLOW acquisition moved from pending to closed, as stated in the release dated March 2, 2026. Source
New: Bartek Makowiecki leads the Flow Technologies segment, with the title Senior Vice President, Chief Strategy Officer and President, Flow Technologies. Source

Acquisition closing and consideration

Total consideration of $4.775 billion: Total consideration was $4.775 billion, funded through cash and equity, under a definitive agreement announced in December 2025. Source
SPX FLOW deal completed: ITT announced completion of the SPX FLOW acquisition in a release dated March 2, 2026. Source
Guidance excluded the pending deal: The prior guidance, given February 5, 2026, did not reflect the pending acquisition, which was then expected to close in the first quarter.

SPX FLOW business profile

SPX FLOW 2025 revenue and orders: SPX FLOW reported 2025 revenue above $1.3 billion and organic orders growth of 14%, which the release describes as in line with ITT expectations. Source
Engineered process equipment focus: SPX FLOW is described as a provider of highly engineered equipment and process technologies for industrial, chemical, energy, nutrition, and health and personal care markets. Source
Aftermarket and installed base: The release says SPX FLOW supports long-standing relationships with blue-chip customers and drives recurring aftermarket value across a large installed base. Source

“This is a defining moment for ITT and for our new Flow Technologies platform, and it will create significant value for our customers, our employees and our shareholders”
Luca Savi, Chief Executive Officer and President

Segment rename and placement

Industrial Process products described: Industrial Process, which becomes Flow Technologies, is described as a global leader in centrifugal and twin-screw pumps, engineered valves and aftermarket services. Source
SPX FLOW sits in Flow Technologies: SPX FLOW now forms part of the renamed Flow Technologies segment. Source
Connect & Control grew 13% in Q4: Before the rename, Connect & Control Technologies was reported as a segment; its Q4 2025 revenue rose 13%, mainly from aerospace and defense and pricing.

Portfolio strategy and platform

Portfolio tilted to higher growth: Management said ITT's portfolio is more resilient and increasingly weighted toward higher-growth, higher-margin businesses. Source
Combined flow technologies platform: Management said combining SPX FLOW with the Industrial Process business creates a global flow technologies platform for sustained, long-term profitable growth. Source
Shared strengths and execution focus: Management said the two businesses will combine complementary strengths with ITT's focus on customers, continuous improvement, and differentiated execution and innovation. Source

“2025 was a milestone. We delivered exceptional cash flow and outstanding profitable growth”
Luca Savi, Chief Executive Officer and President

Prior-quarter results baseline

Q4 2025 revenue up 13.5%: Q4 2025 revenue was $1,054.0 million, up 13.5% reported and 8.6% organic, according to the February 5, 2026 release.
Full-year 2025 orders up 10%: Full-year 2025 orders were $4,159.8 million, up 9.9% reported and 5.0% organic, driven by pump projects, CCT defense connectors and kSARIA.
Q4 diluted EPS $1.64 up 6%: Q4 2025 diluted EPS was $1.64, up 5.8%; adjusted EPS was $1.85, up 23.3%.

Capital and shareholder returns

Free cash flow $555 million in 2025: Full-year 2025 free cash flow was $555.4 million, up 26.6%, with a 14.1% margin, on operating cash flow of $668.8 million.
Quarterly dividend up 10%: The quarterly dividend rises 10% to $0.386 per share, following 10% increases in 2024 and 2025.
December equity offering dilution: Q4 EPS was partly offset by dilution from the December 2025 equity offering, which brought $1,314.1 million of share issuance proceeds in 2025.

Coming up, as management said on 2 March 2026

Dividend payable April 6, 2026: The quarterly dividend approved for the first quarter of 2026 is payable April 6, 2026, to holders of record on March 6, 2026.

Figures management reported

Figure	Reported
SPX FLOW revenue, 2025 Source	more than $1.3 billion
SPX FLOW organic orders growth, 2025 Source	14%
Backlog, end of 2025	$1.9 billion

Earlier plans management reported on

Ahead: Management said the acquisition accelerates the 2030 long-term goal, four years ahead of plan. Source
Not stated: The prior release expected the SPX FLOW closing in the first quarter of 2026; the March 2, 2026 release announces the closing.
On track: Management said ITT was well on its way to deliver its 2030 targets, citing its backlog and share gains.
Met: Management said the 14% free cash flow margin for 2025 was already at the level targeted for 2030 at the Capital Markets Day.

Other quarters

Summarised with AI from the documents the company filed with the SEC. Every point is checked against the filing before it is shown: management’s own words word for word, figures against the line or table row they come from. A point that fails the check is left out. Source opens the filing at that line.

As filed with the SEC

Open the filing on EDGAR

ITT Completes Acquisition of SPX FLOW

STAMFORD, Conn., March 2, 2026 - ITT Inc. (NYSE: ITT) today announced the closing of its acquisition of SPX FLOW, Inc. (“SPX FLOW”), a leading provider of highly engineered equipment and process technologies serving industrial, chemical, energy, nutrition and health and personal care markets. In December 2025, ITT announced it had entered into a definitive agreement to purchase SPX FLOW for a total consideration of $4.775 billion, funded through a combination of cash and equity.

SPX FLOW is a global leader in highly engineered process technologies that enable critical production operations, providing advanced solutions for mixing, blending, fluid handling, separation and thermal transfer. Its portfolio includes premier brands and equipment designed to improve process efficiency, product quality and operational performance for customers worldwide. SPX FLOW’s employees bring deep engineering expertise and customer intimacy that support long‑standing blue‑chip relationships and drive recurring aftermarket value across a large installed base. SPX FLOW delivered a strong 2025 with revenue of more than $1.3 billion and organic orders growth of 14%, in line with ITT’s expectations. This performance reflects solid execution and a healthy underlying business environment with strong momentum into 2026.

“Today marks an exciting milestone as we welcome 3,900 new ITTers to our company. With the addition of SPX FLOW’s leading technologies, strong brands and deep engineering expertise, Engineered for Life becomes even more meaningful for ITT. This acquisition is an acceleration towards our 2030 long-term strategic goal of enterprise portfolio transformation, four years ahead of plan. Today, ITT’s portfolio is more resilient and increasingly concentrated in higher‑growth, higher‑margin businesses. The combination of SPX FLOW and ITT’s Industrial Process business creates a robust, global flow technologies platform positioned for sustained, long-term profitable growth. Together, we will leverage our complementary strengths and ITT’s relentless focus on customers, on continuous improvement and differentiation in execution and innovation. This is a defining moment for ITT and for our new Flow Technologies platform, and it will create significant value for our customers, our employees and our shareholders,” said Luca Savi, ITT’s Chief Executive Officer and President.

ITT’s Industrial Process (IP) segment, a global leader in centrifugal and twin‑screw pumps, engineered valves and aftermarket services, is being renamed Flow Technologies, effective today. SPX FLOW is now a part of Flow Technologies, which is led by Bartek Makowiecki, Senior Vice President, Chief Strategy Officer and President, Flow Technologies.

About ITT

ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and energy markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in Stamford, Connecticut, with employees in more than 35 countries and sales in approximately 125 countries. For more information, visit www.itt.com.

Forward Looking Statements

Forward-looking statements notice

This press release contains “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not historical facts, but rather represent only a belief regarding future events based on current expectations, estimates, assumptions and projections about our business, future financial results and the industry in which we operate, and other legal, regulatory, and economic developments. These forward-looking statements include, but are not limited to, statements relating to the expected benefits of the acquisition of SPX FLOW, including the ability to leverage the strengths of the combined businesses and expectations regarding organic growth, margin expansion and value creation for our customers, people and shareholders. We use words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “future,” “guidance,” “intend,” “may,” “plan,” “potential,” “project,” “should,” “target,” “will,” “would,” and other similar expressions to identify such forward-looking statements. Forward-looking statements are uncertain and, by their nature, many are inherently unpredictable and outside of ITT’s control, and involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from those expressed or implied in, or reasonably inferred from, such forward-looking statements. Where in any forward-looking statement we express an expectation or belief as to future results or events, such expectation or belief is based on current plans and expectations of our management, expressed in good faith and believed to have a reasonable basis. However, we cannot provide any assurance that the expectation or belief will occur or that anticipated results will be achieved or accomplished. A detailed discussion of these uncertainties and risks that affect our business is contained in our SEC filings, including our reports on Form 10-K and Form 10-Q, particularly under the heading “Risk Factors.”

Contacts
Media: Investors:
Phil Terrigno Carleen Salvage +1 914-641-2143 +1 914-304-1630 phil.terrigno@itt.com carleen.salvage@itt.com