ITT Inc. (ITT), a manufacturer and seller of engineered critical components and customized technology solutions, on Wednesday reported that net income declined in the first quarter of 2026 compared with the previous year.
For the first quarter, net income attributable to the company declined to $78 million from $108.4 million in the previous year.
Earnings per share were $0.89 versus $1.33 last year.
Adjusted net income attributable to the company increased to $173.7 million from $129.4 million in the previous year.
Adjusted earnings per share were $1.98 versus $1.58 last year.
Operating income declined to $141.2 million from $150.9 million in the prior year.
Revenue increased to $1.21 billion from $913 million in the previous year.
The company declared a quarterly dividend of $0.386 per share, payable on July 6, to shareholders of record as of June 8.
Looking ahead, the company expects full-year organic revenue growth of 4% to 6% and total growth of 36% to 38%,
Earnings per share is projected at $4.15 to $4.45 and adjusted earnings per share at $7.70 to $8.00, representing growth of 7% to 11%.
In the pre-market trading, ITT is 0.66% higher at $214 on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.