m_and_a
confidence high
sentiment neutral
materiality 0.65
ITT files SPX FLOW financials; acquisition closed on March 2, 2026 for $4.775B
ITT INC.
- SPX FLOW 2025 revenue $1.34B (down ~3% YoY); net loss $12.5M improved from $44.8M loss in 2024.
- Audited balance sheets show goodwill $999M, intangible assets $1.48B, total assets $3.39B as of Dec 31, 2025.
- Unaudited pro forma combined condensed financials filed for periods ended Dec 31, 2025; acquisition closed March 2, 2026.
- Acquisition price $4.775B: $4.075B cash plus ~3.8M ITT common shares; subject to net working capital adjustment.
item 9.01