ITT (ITT) Q1 2026 Earnings Call Transcript

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Date

Wednesday, May 6, 2026 astatine 8:30 a.m. ET

Call participants

• Chief Executive Officer and President — Luca Savi

• Chief Financial Officer — Emmanuel Caprais

• Vice President, Treasurer, Chief Tax Officer, and Assistant Secretary; Interim CFO — Mike Samineli

• Vice President, Investor Relations — Carleen Salvage

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Full Conference Call Transcript

Carleen Salvage: Thank you, Kathy, and bully morning. Joining maine successful Stanford contiguous are Luca Savi, ITT's Chief Executive Officer and President; and Emmanuel Caprais, Chief Financial Officer. Today's telephone volition screen ITT's fiscal results for the 3-month play ended April 4, 2026, which we announced this morning. Please notation to Slide 2 of the presumption disposable connected our website, wherever we enactment that today's comments volition see forward-looking statements that are based connected our existent expectations.

Actual results whitethorn disagree materially owed to respective risks and uncertainties and including those described successful our 2025 yearly study connected Form 10-K and different caller SEC filings, but wherever different noted, the archetypal 4th results we contiguous this greeting volition beryllium compared to the archetypal 4th of 2025 and see definite non-GAAP fiscal measures. The reconciliation of specified measures to the astir comparable GAAP figures are elaborate successful our property merchandise and successful the appendix of our presentation, some of which are disposable connected our website.

As antecedently communicated during our 4th fourth 2025 net call, going forward, ITT volition see intangible amortization expenses related to acquisitions arsenic a abstracted enactment point wrong the consolidated connection of operations and successful its adjustments to earnings. In 2025, the interaction of this reporting alteration connected net per stock was $0.13 successful Q1 and $0.47 for the afloat year. All adjusted EPS figures presented going guardant volition beryllium connected this basis. A afloat reconciliation of the interaction of the revision to adjusted operating income and margin, income from continuing operations and EPS for each 4th successful 2025 and the afloat twelvemonth tin beryllium recovered successful the supplemental materials astatine the extremity of our presumption disposable connected our website.

With that, it is present my pleasance to crook the telephone implicit to Luca, who volition statesman connected Slide 3.

Luca Savi: Thank you, Carleen, and bully morning. Before I begin, I privation to admit our employees crossed ITT for delivering a precise beardown commencement to the year. In particular, our Middle East teams who delivered contempt the ongoing struggle the proviso concatenation disruptions and the challenges this has represented to their nonrecreational and idiosyncratic lives. Thank you. In Q1, we demonstrated coagulated momentum crossed the portfolio, acknowledgment to the disciplined execution and the tangible benefits of our M&A strategy. We delivered outstanding orders maturation supra marketplace gross enlargement and robust net exemplified our 25% EPS maturation successful the quarter. We are genuinely pumped up. Here are immoderate highlights. We grew orders 26% astatine 8% organically.