Q2 2025 ITT Inc Earnings Call Transcript
Key Points
- ITT Inc (ITT) delivered $1 billion in orders, up 16% total and 13% organic, driven by strong order intake across all businesses.
- Record quarterly revenue of over $970 million, up 7% total and 4% organic, with contributions from all segments.
- Operating income grew more than twice the organic sales growth rate, with operating margin expanding over 100 basis points excluding M&A.
- Free cash flow increased to $214 million year-to-date, with a free cash flow margin of 14% in Q2.
- ITT Inc (ITT) repurchased $500 million of shares year-to-date, reducing the weighted average share count by 3%.
- Temporary M&A amortization and foreign currency transaction costs posed headwinds to margin expansion.
- The mix of backlog shifted to 58% project and 42% short cycle, presenting a headwind to margin improvement.
- Higher M&A-related costs and unfavorable mix impacted the margin guidance for the year.
- The depreciation of the US dollar compared to the euro negatively impacted Motion Technologies' margins.
- July saw a softer order intake, although this is typical for the first week of the month.
Welcome to ITT's 2025 second-quarter conference call. Today is Thursday, July 31, 2025. Today's call is being recorded and will be available for replay beginning at 12:00 PM Eastern Time. (Operator Instructions)
It is now my pleasure to turn the floor over to Mark Macaluso, Vice President, Investor Relations and Global Communications. You may begin.
Thank you, Bella, and good morning. Joining me in Stanford today are Luca Savi, ITT's Chief Executive Officer and President; and Emmanuel Caprais, Chief Financial Officer. Today's call will cover ITT's financial results for the three-month period ended June 28, 2025.
Please refer to slide 2 of the presentation available on our website, where we note that today's comments will include forward-looking statements that are based on our current expectations. Actual results may differ materially due to several risks and uncertainties, including those described in our 2024 annual report on Form 10-K and other recent SEC filings.
Except for
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
