ITTHIGH SIGNALOPPORTUNITY10-K

ITT completed a major acquisition of SPX FLOW, dramatically expanding its balance sheet with assets growing 34% to $6.3B and cash increasing nearly 300% to $1.7B.

The acquisition of SPX FLOW represents a transformational deal that significantly scales ITT's operations and financial profile. The company funded this expansion while maintaining strong liquidity and increasing shareholder returns through a 399% jump in share buybacks to $521M, signaling management confidence in the combined entity's prospects.

Comparing 2026-02-09 vs 2025-02-10View on EDGAR →
FINANCIAL ANALYSIS

ITT's financials reflect the successful completion of a major acquisition, with total assets expanding 34% to $6.3B and cash surging 297% to $1.7B, providing substantial financial flexibility. The company simultaneously increased debt by 124% to fund the deal while growing stockholders' equity 48% to $4.1B, maintaining a healthy capital structure. Despite the acquisition costs, ITT aggressively returned capital to shareholders with share buybacks jumping 399% to $521M and reduced interest expense by 37%, demonstrating strong operational execution and cash generation capabilities.

FINANCIAL STATEMENT CHANGES
Share Buybacks
Cash Flow
+398.6%
$104.5M→$521.0M

Share repurchases increased 398.6% — management returning capital, signals confidence in intrinsic value.

Cash & Equivalents
Balance Sheet
+296.7%
$439.3M→$1.7B

Cash position surged 296.7% — strong cash generation or capital raise providing significant financial cushion.

Total Debt
Balance Sheet
+124.2%
$232.6M→$521.5M

Debt increased 124.2% — substantial leverage increase; assess whether deployed for growth or covering losses.

Current Assets
Balance Sheet
+79.9%
$1.9B→$3.4B

Current assets grew 79.9% — improving short-term liquidity or inventory/receivables build.

Stockholders Equity
Balance Sheet
+47.8%
$2.8B→$4.1B

Equity base grew 47.8% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Interest Expense
P&L
-36.5%
$6.3M→$4.0M

Interest expense declined — debt repayment or refinancing at lower rates improving earnings quality.

Total Assets
Balance Sheet
+34%
$4.7B→$6.3B

Asset base grew 34% — expansion through organic growth, acquisitions, or capital deployment.

Capital Expenditure
Cash Flow
+21%
$271.0M→$328.0M

Capex increased 21% — ongoing investment in capacity or infrastructure for future growth.

Total Liabilities
Balance Sheet
+14.3%
$1.9B→$2.2B

Liabilities increased 14.3% — monitor debt-to-equity ratio and interest coverage.

Inventory
Balance Sheet
+13.7%
$591.2M→$671.9M

Inventory built 13.7% — monitor whether demand supports this build or if write-downs may follow.

LANGUAGE CHANGES
NEW — 2026-02-09
PRIOR — 2025-02-10
ADDED
As of February 6, 2026, there were 86.0 million shares of the registrant's common stock outstanding.
These forward-looking statements include, but are not limited to, future strategic plans, statements regarding closing of the acquisition of SPX FLOW, Inc.
("SPX FLOW") and the payment of the purchase price, the debt financing, the impact of the acquisition on ITT, expected cost synergies of the acquisition, and other statements that describe the company s business strategy, outlook, objectives, plans, intentions or goals, and any discussion of future events and future operating or financial performance.
and its trading partners, political and social unrest, and the availability and fluctuations in prices of energy and commodities, including steel, oil, copper and tin; the imposition of new or increased tariffs by the U.S.
Foreign Corrupt Practices Act or other applicable anti-corruption legislation, export controls and trade sanctions; and risk of product liability claims and litigation.
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REMOVED
As of February 7, 2025, there were 81.4 million shares of the registrant's common stock outstanding.
These forward-looking statements include, but are not limited to, future strategic plans and other statements that describe the company s business strategy, outlook, objectives, plans, intentions or goals, and any discussion of future events and future operating or financial performance.
Among the factors that could cause our results to differ materially from those indicated by forward-looking statements are risks and uncertainties inherent in our business including, without limitation: uncertain global economic and capital markets conditions, which have been influenced by heightened geopolitical tensions, inflation, changes in monetary policies, the threat of a possible regional or global economic recession, trade disputes between the U.S.
Foreign Corrupt Practices Act (or other applicable anti-corruption legislation), export controls and trade sanctions; and risk of product liability claims and litigation.
References herein to "ITT," "the Company," and such words as "we," "us," and "our" include ITT Inc.
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