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ITT eyes growth as SPX FLOW synergies outpace plan, defense demand surges. September 26, 2026 Key points. * SPX FLOW integration is ahead of plan: ITT expects to exceed its $80 million run-rate cost-synergy target by the end of the acquisition's third year, with early savings driven mainly by lower general and administrative costs. SPX FLOW has also delivered high-single-digit revenue and order growth. * Defense demand is accelerating: ITT reported second-quarter defense revenue growth of 16% and orders growth of nearly 60%, supported by business across aircraft, submarines, naval systems, vehicles, soldier modernization and missile platforms. * Growth remains broad but uneven: ITT sees opportunities in aerospace, rail, automotive, chemicals and energy, while European chemicals and near-term Middle East oil-and-gas orders remain softer. The company is continuing to invest in capacity, product development and distribution while seeking a new CFO by year-end. * MarketBeat previews top five stocks to own in October. ITT NYSE: ITT CEO and President Luca Savi outlined the company's growth priorities, market conditions and integration plans for SPX FLOW during an investor discussion hosted by D.A. Davidson Senior Research Analyst Matt Summerville. Savi described ITT as a diversified engineering company that designs and manufactures components for demanding applications across rail, automotive, aerospace and defense, oil and gas, energy transition, chemical processing, mining and general industrial markets. Following the SPX FLOW acquisition, ITT's revenue exceeds $5 billion, he said. The company has delivered 7% organic revenue growth and 16% earnings-per-share compound annual growth over the past three years, according to Savi. He attributed much of the revenue growth to market-share gains rather than favorable underlying market conditions. Looking forward, he said ITT expects both organic and inorganic value creation, including revenue growth, margin expansion and acquisitions. Flow Technologies sees mixed regional demand. Savi said market conditions have begun to improve in certain Flow Technologies end markets. Chemical-market trends have turned more positive in North America over the past two quarters, though European chemicals remain weak, he said. In oil and gas, ITT's Middle East revenue grew substantially in the first six to nine months of the year as the company fulfilled a strong backlog built through prior order wins. However, Savi said orders in the region have shifted to the right, creating a near-term headwind. Saudi Aramco has begun placing orders with engineering, procurement and construction firms, including for the Jafurah 4 project, and ITT is negotiating pump orders with an EPC contractor, he said. Savi also cited demand opportunities in North America, Latin America and Venezuela. ITT's Bornemann Pumps business has a large installed base in Venezuela, where the company has retained employees despite years of limited activity. He said ITT has received orders since October 2025 from Chevron, PDVSA and other permitted participants for refurbishment and spare-parts work. Svanehøj, ITT's cryogenic marine-pump business acquired in January 2024, recorded 30% growth and a 1.3 book-to-bill ratio, Savi said. He attributed its performance to both favorable market conditions and market-share gains. Discover more Self-Help & Motivational Portfolio Management Tools While Savi called Flow Technologies' 21% second-quarter organic growth "exceptional," he said the company expects continued year-over-year growth at a lower level. ITT expects 2026 growth to be supported by a book-to-bill ratio above one and year-end backlog higher than at the end of December 2025. SPX FLOW integration ahead on cost synergies. SPX FLOW has posted high-single-digit revenue and order growth year to date, with book-to-bill above one, according to Savi. He said this performance reflects backlog and commercial opportunities already present in the acquired business rather than changes made by ITT. Savi said nutrition and health, which represents about 50% to 60% of SPX FLOW, could support future growth as customers including Danone, Nestlé and Unilever increase capital expenditures over the next four to five years. He also pointed to investment in protein and medical-food applications. ITT expects to exceed its target of $80 million in run-rate cost synergies by the end of the third year following the acquisition, Savi said. The company is ahead of plan in the first year due primarily to general and administrative savings. Purchasing synergies are expected to contribute more in years two and three, while footprint-related synergies account for about 10% of the $80 million target. Commercial synergies have begun to emerge. Savi said Waukesha Cherry-Burrell, SPX FLOW's hygienic-pump business, has sold nearly $500,000 of ITT twin-screw pumps in North America and has quoted roughly $4 million to $5 million of potential orders. ITT is also pursuing localized assembly initiatives for SPX FLOW products in Latin America, the Middle East and China. Motion, aerospace and defense trends. Within Motion Technologies, Savi said ITT expects to continue outgrowing global automotive production through 2027 and 2028. He credited the friction business's execution, quality performance and research and development investments. The company spends more than 5% of Motion Technologies revenue on R&D, he said. Electric and hybrid vehicles require larger brake pads because of their greater weight, increasing dollar content per vehicle, according to Savi. Higher-performance vehicles also carry higher-value brake-pad content, though at lower volume. In rail, Savi cited the long life of rail platforms, aftermarket exposure and favorable demand in Europe, Asia and China. He said ITT is currently the only company certified for a high-speed train designed to operate at 450 kilometers per hour, though he expects another supplier to be qualified eventually. Commercial aerospace growth is being driven principally by Boeing production increases, Savi said. ITT renegotiated a fixed-price Boeing contract that had been signed in 2014, with price increases effective Jan. 1, 2026. He said the changes returned affected components to profitability and are intended to cover inflation for the next three to four years. Defense demand has also strengthened, with second-quarter revenue up 16% and orders up nearly 60%, Savi said. ITT supplies connectors, cable assemblies and controls across aircraft, submarines, naval applications, vehicles, soldier modernization and missile platforms. In kSARIA, ITT retained and doubled its content on the next F-35 production round after winning business from a competitor, according to Savi. Investment and CFO search. Savi said ITT prioritizes organic investment because it produces the highest returns, noting Motion Technologies' return on invested capital is above 35%. Current investments include added capacity and machines for Custom Controls Technologies, product development at SPX FLOW and a larger North American distribution center to support faster delivery. He also said ITT expects to appoint a new chief financial officer by the end of the year. The company is seeking an operational finance leader who can work closely with businesses and fit ITT's decentralized, high-performance culture. About ITT (NYSE:ITT). ITT Inc is a diversified industrial manufacturer that develops and produces highly engineered components and systems for transportation, energy, industrial, aerospace and defense, and other specialized markets. The company serves original equipment manufacturers, distributors and aftermarket customers through a portfolio of mission-critical products designed to support safety, efficiency and reliability. ITT operates through three primary business segments. Motion Technologies supplies brake pads, friction materials, shock absorbers, dampers and related components for automotive and rail applications. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider ITT, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ITT wasn't on the list. While ITT currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. The AI boom extends far beyond the biggest tech names. Discover 10 companies supplying the memory, storage, networking, semiconductor manufacturing, and power infrastructure that make AI possible. 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ITT Goulds Pumps to exhibit and host educational short-course at 2026 Turbomachinery & Pump Symposia. Home " ITT Goulds Pumps to exhibit and host educational short-course at 2026 Turbomachinery & Pump Symposia. Goulds Pumps, Bornemann, VIDAR and Bran + Luebbe to showcase engineered pump and motor solutions at Booth 2835; ITT expert to lead full-day pump course ITT Flow Technologies, a business segment of ITT Inc. (NYSE: ITT), is showcasing highly engineered pump and motor solutions at the 2026 Turbomachinery & Pump Symposia (TPS), September 22-24 in Houston, Texas. ITT Flow Technologies' presence is bringing together expertise from Goulds Pumps, Bornemann, VIDAR, and Bran + Luebbe. Visitors to Booth 2835 can connect with ITT Flow Technologies experts and explore engineered solutions for complex fluid handling challenges. Featured products on display include Goulds Pumps' metering and ISO-chemical solutions, including the new Goulds ICi Chemical Process Pump. Other featured solutions includeBornemann's twin-screw pumping technology for demanding oil & gas, petrochemical, and industrial applications; compact, variable-speed motor solutions from VIDAR; and Bran + Luebbe'sNOVADOS Express Metering Pump. In addition to its presence on the show floor, ITT Flow Technologies is bringing its technical expertise to the TPS educational program. Scott Shults, Solutions Engineer at ITT's Pro Services and Goulds Pumps, will lead "Know Your System Curves!," a full-day short course on Monday, September 21, from 8:30 a.m. to 5 p.m. The course explores the relationship between pump hydraulics, system curves and equipment reliability, combining pump fundamentals with practical examples drawn from real-world field experience. "The pumping system has a profound effect on pump flow and pump reliability," said Shults. "If you focus only on the pump curve and neglect the system resistance curve, you're missing half of the equation. TPS is a fantastic forum for end users, OEMs, and others to address topics like this. It's an amazing collection of technical presentations short and long." ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, nutrition and health and energy markets. The company operates through three value centers: Flow Technologies, Motion Technologies and Connect & Control Technologies. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin its modern way of life. ITT is headquartered in Stamford, Connecticut, with employees in more than 40 countries and sales in approximately 125 countries. For more information, visit www.itt.com.