ITT Corporation (ITT) Q2 2025 Financial Results Summary
· Stocks · QuoteReporter
ITT Inc. (ITT) Q2 2025 Financial Results Summary
Release Date: July 31, 2025
ITT Inc. (NYSE: ITT) reported its financial results for the second quarter ended June 28, 2025. Below is a summary of the key metrics and highlights from the report:
- Order Growth:
-
16% overall growth in orders (13% organic), surpassing $1 billion for the second consecutive quarter. This growth was propelled by pump projects, aerospace and defense awards, and rail.
-
Revenue Growth:
- Revenues totaled $972 million, reflecting a growth of 7% compared to Q2 2024.
-
Organic revenue growth stood at 4%, resulting from strong demand in pump projects, aerospace, and industrial connectors, as well as market share gains in automotive and rail sectors.
-
Operating Income:
- Operating income was $175 million, which increased by 10% year-over-year.
- The operating margin was 18.0%, up 40 basis points from the previous year.
-
Adjusted operating income of $179 million also showed a 9.2% rise from Q2 2024 with an adjusted operating margin of 18.4%, an increase of 30 basis points.
-
Earnings Per Share (EPS):
- Reported EPS was $1.52, reflecting a growth of 4.8% compared to the previous year.
-
Adjusted EPS increased by 10% to $1.64, driven by productivity improvements and pricing actions.
-
Cash Flow:
- Net cash provided by operating activities was $154 million, which represents a decrease of 2.5% from the previous year.
-
Free cash flow for the quarter was $137 million, showing a slight increase of 2.1% year-over-year.
-
Quarterly Dividend:
-
The company announced a quarterly dividend of $0.351 per share on its outstanding common stock, payable on September 29, 2025, to shareholders of record as of September 2, 2025.
-
Key Financial Metrics:
- Revenue: Q2 2025 at $972 million vs. Q2 2024 at $905.9 million (growth of 7.3%).
- Operating Income: Q2 2025 at $175.1 million vs. Q2 2024 at $159.7 million (growth of 9.6%).
- Operating Margin: Q2 2025 at 18.0% vs. Q2 2024 at 17.6% (up 40 bps).
- Adjusted Operating Income: Q2 2025 at $179.0 million vs. Q2 2024 at $163.9 million (up 9.2%).
- Adjusted Operating Margin: Q2 2025 at 18.4% vs. Q2 2024 at 18.1% (up 30 bps).
- Net Cash from Operating Activities: Q2 2025 at $153.7 million vs. Q2 2024 at $157.7 million (a decrease of 2.5%).
-
Free Cash Flow: Q2 2025 at $137.3 million vs. Q2 2024 at $134.5 million (growth of 2.1%).
-
Segment Results:
- Motion Technologies: Revenue was $365.7 million, down 4.9% compared to the prior year but with organic growth of 3.0%.
- Operating margin was 19.5%, an increase of 100 bps.
- Industrial Process: Revenue of $355.9 million increased by 7.6% compared to the previous year, with organic growth of 5.5%.
- Operating margin improved to 21.5%, up 140 bps.
-
Connect & Control Technologies: Revenue surged to $251.9 million, reflecting a growth of 31.3% driven by the kSARIA acquisition.
- Organic revenue rose by 4.5% but operating margin decreased to 17.8%, down 70 bps due to acquisition-related amortization.
-
Guidance:
- ITT raised its full-year revenue growth guidance to a range of 5% to 7% and EPS guidance to $5.95 to $6.15 reflecting a growth of 8% to 11% for the full year.
These results illustrate ITT Inc.’s ongoing commitment to growth through targeted investments in key segments while navigating challenging market conditions.
| June 28, 2025 | June 29, 2024 | |
|---|---|---|
| Revenue | $972.4 | $905.9 |
| Cost of revenue | $625.6 | $589.1 |
| Gross profit | $346.8 | $316.8 |
| General and administrative expenses | $85.7 | $76.8 |
| Sales and marketing expenses | $57.0 | $50.6 |
| Research and development expenses | $29.0 | $29.7 |
| Operating income | $175.1 | $159.7 |
| Interest expense | $12.6 | $7.4 |
| Interest income | -$2.4 | -$1.6 |
| Other non-operating expense (income), net | $0.7 | -$0.2 |
| Income before income tax expense | $164.2 | $154.1 |
| Income tax expense | $42.5 | $33.2 |
| Net income | $121.7 | $120.9 |
| Less: Income attributable to noncontrolling interests | $0.7 | $1.2 |
| Net income attributable to ITT Inc. | $121.0 | $119.7 |
| Earnings per share attributable to ITT Inc.: | ||
| Basic | $1.53 | $1.46 |
| Diluted | $1.52 | $1.45 |
| Weighted average common shares – basic | 79.0 | 82.0 |
| Weighted average common shares – diluted | 79.4 | 82.4 |
| As of the Period Ended | June 28, 2025 | December 31, 2024 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $467.9 | $439.3 |
| Receivables, net | $796.8 | $703.0 |
| Inventories | $658.7 | $612.3 |
| Other current assets | $137.1 | $131.2 |
| Total current assets | $2,060.5 | $1,885.8 |
| Non-current assets: | ||
| Plant, property and equipment, net | $611.8 | $577.2 |
| Goodwill | $1,504.0 | $1,430.1 |
| Other intangible assets, net | $452.8 | $454.1 |
| Other non-current assets | $386.1 | $384.1 |
| Total non-current assets | $2,954.7 | $2,845.5 |
| Total assets | $5,015.2 | $4,731.3 |
| Liabilities and Shareholders’ Equity | ||
| Current liabilities: | ||
| Short-term borrowings | $448.9 | $427.6 |
| Accounts payable | $471.5 | $458.4 |
| Accrued and other current liabilities | $501.4 | $447.2 |
| Total current liabilities | $1,421.8 | $1,333.2 |
| Non-current liabilities: | ||
| Non-current portion of long-term debt | $622.5 | $232.6 |
| Postretirement benefits | $125.1 | $119.0 |
| Other non-current liabilities | $282.2 | $260.7 |
| Total non-current liabilities | $1,029.8 | $612.3 |
| Total liabilities | $2,451.6 | $1,945.5 |
| Shareholders’ equity: | ||
| Common stock: | ||
| Authorized – 250.0 shares, $1 par value per share | ||
| Issued and outstanding – 78.0 shares and 81.5 shares, respectively | $78.0 | $81.5 |
| Retained earnings | $2,791.8 | $3,115.6 |
| Accumulated other comprehensive income (loss): | ||
| Postretirement benefits | $0.9 | $3.2 |
| Cumulative translation adjustments | -$314.2 | -$421.5 |
| Total accumulated other comprehensive loss | -$313.3 | -$418.3 |
| Total ITT Inc. shareholders’ equity | $2,556.5 | $2,778.8 |
| Noncontrolling interests | $7.1 | $7.0 |
| Total shareholders’ equity | $2,563.6 | $2,785.8 |
| Total liabilities and shareholders’ equity | $5,015.2 | $4,731.3 |