Itt Inc Stock Price, News & Analysis

ITT (NYSE: ITT) said Moody’s, S&P and Fitch reaffirmed its investment grade ratings with a stable outlook after announcing an agreement to acquire SPX FLOW and closing a $1.31 billion underwritten public offering of common stock.

Moody’s affirmed Baa1 senior unsecured and Prime-2 commercial paper; S&P affirmed BBB issuer credit and A-2 short-term, noting prudent capital management despite a near-term rise in leverage; Fitch affirmed BBB+ long-term and F1 short-term and cited strong free cash flow and a plan to reduce leverage below 2.0x within two years post-acquisition.

ITT (NYSE: ITT) closed an underwritten public offering of 8,050,000 common shares, including full exercise of the underwriters' option for 1,050,000 additional shares, at a public offering price of $167.00 per share on December 10, 2025.

Net proceeds were approximately $1.31 billion after discounts, which the company intends to use to fund a portion of its previously announced acquisition of the business of SPX FLOW; if that acquisition is not completed, proceeds will be used for general corporate purposes.

ITT (NYSE: ITT) priced an underwritten public offering of 7,000,000 shares at $167.00 per share on December 9, 2025, with a 30‑day option for underwriters to buy up to 1,050,000 additional shares.

The offering is expected to close on December 10, 2025, and the company estimates net proceeds of approximately $1.14 billion after fees and expenses. ITT intends to use the net proceeds to fund part of the previously announced acquisition of the business of SPX FLOW; if that Acquisition is not completed, proceeds will be used for general corporate purposes.

ITT (NYSE: ITT) commenced an underwritten public offering of 7,000,000 shares of common stock on December 8, 2025, with a 30-day underwriter option to purchase 1,050,000 additional shares.

The company intends to use net proceeds to fund a portion of its previously announced acquisition of the business of SPX FLOW; if that acquisition is not completed, proceeds will be used for general corporate purposes.

Goldman Sachs and UBS are lead book-running managers; the offering is being made under the Form S-3ASR registration effective November 1, 2024.

Lone Star announced a definitive agreement to sell SPX FLOW to ITT (NYSE: ITT) for $4.775 billion in cash and shares. SPX FLOW supplies engineered process technologies across industrial, health and nutrition markets, with operations in >25 countries and sales in >140 countries. The deal, following Lone Star’s April 2022 take-private acquisition, is subject to customary closing conditions and regulatory approvals and is expected to close by the end of Q1 2026.

ITT (NYSE: ITT) agreed to acquire SPX FLOW for $4.775 billion in cash and $700 million of ITT stock, expected to close by end of Q1 2026 subject to regulatory approvals. SPX FLOW reported $1.3 billion revenue in the trailing twelve months to Sept. 27, 2025, with ~42% gross margin and >21% EBITDA margin (22% adjusted) and 43% aftermarket sales. ITT forecasts a $80 million run-rate of cost synergies by end of year three, anticipates immediate gross margin and adjusted EBITDA accretion, and expects adjusted EPS accretion in 2026 with double-digit accretion in the first full year post-close excluding intangible amortization.

ITT (NYSE: ITT) announced that its Svanehøj business acquired Köhler & Hörter GmbH (KOHO) on Nov. 18, 2025, adding reciprocating compressor technology to Svanehøj’s cryogenic pump and tank control portfolio.

The deal integrates KOHO’s compressor systems and spare parts into Svanehøj’s offerings for liquefied gas, hydrogen, ammonia, LNG and CO₂ applications, aiming to provide combined pump-and-compressor solutions for the energy transition. Svanehøj has delivered more than 14,500 large cargo gas pumps, operates >1,000 fuel pumps, employs ~550 people (including ~50 from KOHO) and reported ~$160 million sales in 2024; ITT’s Industrial Process segment generated ~$1.4 billion revenue in 2024.

ITT (NYSE: ITT) completed phase two of a planned ~$25 million expansion of its Industrial Process manufacturing site in Dammam, Saudi Arabia on Nov. 17, 2025.

The expansion doubles site capacity, increases total land to ~30,000 m², and follows a 2024 phase that added power and testing for larger pump packages. The site reported an average 96% on-time delivery since 2019, secured $160 million in orders in 2024 and is targeting more than $300 million in annual orders by 2030. A third phase is expected to begin in 2027. ITT’s IP segment generated ~$1.4 billion in revenue in 2024.

ITT (NYSE: ITT) will participate in the UBS Global Industrials & Transportation Conference 2025 on Dec. 2, 2025 in Palm Beach, Florida.

Chief Financial Officer Emmanuel Caprais will present from 8:50–9:30 a.m. ET. A live audio webcast will be available at http://investors.itt.com, and a replay will be accessible for 30 days.

ITT is a diversified manufacturer of engineered critical components and customized technology solutions for transportation, industrial, and energy markets, headquartered in Stamford, Connecticut, with employees in more than 35 countries and sales in about 125 countries.