ITT reported a strong 1Q26 earnings beat with +11% organic growth and introduced a FY26 guidance that Goldman Sachs considers conservative. Analysts maintain a Buy rating with a revised price target of $264.
Key Takeaways
- 1.ITT reported a significant 1Q26 earnings beat, with segment EBIT exceeding consensus by 25% due to strength in Industrial Process (IP) and Connect & Control Technologies (CCT).
- 2.Management introduced a FY26 EPS guidance of $7.70-$8.00, which Goldman Sachs analysts view as conservative compared to their estimate of $8.10.
- 3.ITT maintains a strong operational position with a ~$2.5bn backlog and a Book-to-Bill (B2B) ratio of 1.09x.
Table of Contents
- What happened
- Estimate changes and valuation update
- Risks
- Disclosure Appendix
- GS Factor Profile
- M&A Rank
- Quantum
- Disclosures
- Ratings, coverage universe and related definitions
- Global product; distributing entities
- General disclosures
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Authors
Joe RitchieAanvi PatodiaKen Chen
Securities
ITT
Themes
Conservative Corporate GuidanceIndustrial Compounding
Regions
North AmericaUnited States