-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
ITT delivered strong Q1 results, with adjusted EPS of $1.98 (+25% Y/Y) beating consensus of $1.74, supported by broad-based organic growth and SPX FLOW integration benefits. Revenue reached $1.2B (+33% Y/Y, +11% organic), with SPX FLOW contributing 17% of total growth and all segments posting organic expansion. In our view, the successful SPX FLOW integration proved immediately accretive, while robust demand across the aerospace & defense and industrial markets supports the investment thesis. Orders grew 26% (+8% organic) with book-to-bill above 1.0 across segments, providing improved visibility for sales growth. Organic performance was strong, with Flow Tech up 12% from Svanehoj projects, Connect & Control up 18% from aerospace & defense, and Motion Tech up 5% from Friction OE and rail demand. Adjusted operating margin expanded 130 bps to 20.3%, reflecting operational execution and SPX FLOW's accretive impact while offsetting material cost inflation through productivity and pricing actions.