Mary Laschinger
elected Ms. Mary Laschinger to its Board of Directors, effective immediately following its annual meeting of shareholders (the “Annual Meeting”) on May 21, 2025.
Highest-materiality recent filing
ITT CFO Emmanuel Caprais to depart; Michael Savinelli named interim CFO
CFO Emmanuel Caprais leaves for personal reasons effective May 8, 2026; will serve as business advisor through July 1.
ITT Q1 revenue $1.2B (+33%), adj EPS $1.98 (+25%); FY adj EPS guidance $7.70-$8.00
Revenue $1,211.9M (+33%), organic growth 11%; operating income $141.2M (-6%) due to SPX FLOW costs.
ITT files SPX FLOW financials; acquisition closed on March 2, 2026 for $4.775B
SPX FLOW 2025 revenue $1.34B (down ~3% YoY); net loss $12.5M improved from $44.8M loss in 2024.
ITT closes $4.775B acquisition of SPX FLOW; SPX FLOW 2025 revenue >$1.3B
Total consideration $4.775B: $4.075B cash plus 3.84M ITT shares issued to SPX FLOW owner.
ITT enters $2.875B credit agreement to finance SPX FLOW acquisition
$2.875B delayed draw term loan facility arranged with U.S. Bank National Association as administrative agent.
ITT Q4 adjusted EPS $1.85, +23% YoY; revenue +13% (9% organic); raises quarterly dividend 10%
Q4 adjusted EPS $1.85 vs $1.50 prior year (+23%); GAAP EPS $1.64 (+6%).
ITT raises ~$1.31B net in 7M-share offering at $167/share for SPX FLOW acquisition
Sold 7M shares at $167.00 each; underwriters' 1.05M-share option exercised in full.
ITT files audited financials of acquisition target LSF11 Redwood TopCo LLC for pending acquisition
Audited 2024 and 2023 financial statements of LSF11 Redwood TopCo LLC filed as Exhibit 99.1.
ITT to acquire SPX FLOW for $4.775B; expects accretion in 2026
Acquisition of SPX FLOW for $4.775B ($4.075B cash + 3.84M ITT shares) from Lone Star Funds.
ITT Q3 adj EPS $1.78 (+21%); raises FY adjusted EPS guidance to $6.62-$6.68
Q3 revenue $999M (+13% reported, +6% organic); adjusted EPS $1.78 vs $1.47 YoY.
ITT Q2 2025 adjusted EPS $1.64, revenue $972M; raises full-year EPS and revenue guidance
Q2 2025 revenue $972M (+7% reported, +4% organic); adjusted EPS $1.64 (+10.1% YoY).
Mary Laschinger, former Veritiv CEO (2014-2020), elected to ITT board effective May 21, 2025; board expands to 11 directors.
elected Ms. Mary Laschinger to its Board of Directors, effective immediately following its annual meeting of shareholders (the “Annual Meeting”) on May 21, 2025.
Max materiality 0.90 · Median 0.78 · Most common event earnings