ITT Inc. reported its financial results for the second quarter of 2025, revealing a revenue of $972.4 million, a 7.3% increase from $905.9 million in the same period last year. The company's income from continuing operations attributable to ITT Inc. was $121.0 million, or $1.52 per diluted share, reflecting a 1.1% increase compared to $119.7 million, or $1.45 per diluted share, in the prior year. The growth in revenue was primarily driven by increased demand in the Industrial Process segment, particularly from pump project shipments, as well as contributions from recent acquisitions, including kSARIA.
In terms of operational performance, ITT's gross profit for the quarter rose to $346.8 million, yielding a gross margin of 35.7%, up from 35.0% in the previous year. The operating income also saw a notable increase of 9.6%, reaching $175.1 million, attributed to pricing actions, productivity improvements, and higher volumes, despite facing challenges from increased material and labor costs. The company’s effective tax rate increased to 25.9% from 21.5% in the prior year, primarily due to the jurisdictional mix of earnings.
Strategically, ITT has made significant moves in its business structure, including the acquisition of kSARIA for $460.1 million in September 2024, which has been integrated into the Connect & Control Technologies segment. Additionally, the company completed the acquisition of Svanehøj Group A/S for $407.6 million in January 2024, enhancing its Industrial Process segment. These acquisitions contributed positively to revenue growth, although the divestiture of the Wolverine Advanced Materials business in July 2024 had a negative impact on the Motion Technologies segment.
Operationally, ITT's total assets increased to $5.0 billion as of June 28, 2025, up from $4.7 billion at the end of 2024. The company reported a total employee headcount of approximately 5,800, reflecting its ongoing commitment to growth and expansion. The company’s backlog stood at $1.9 billion, with expectations to recognize a significant portion of this revenue in the latter half of 2025.
Looking ahead, ITT Inc. anticipates continued growth driven by strong demand across its segments and the successful integration of its recent acquisitions. The company is focused on navigating macroeconomic challenges, including inflationary pressures and tariff uncertainties, while leveraging its engineering capabilities to enhance customer relationships and drive recurring revenue streams.
About ITT INC.
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