What happened with ITT today?
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ITT Inc. supplies parts that help vehicles brake, trains absorb shocks and industrial plants move fluids. Industrial pumps and related equipment, together with automotive and rail components, account for most of its revenue. A smaller business supplies connectors, cable assemblies and control components, particularly for aerospace, defense and industrial equipment; brands such as Cannon make connectors that carry power, signals and data in demanding environments.
Customers pay ITT both when building new equipment and when maintaining equipment already in use. ITT Friction Technologies designs brake pads to automakers’ specifications and sells them to automakers or brake-system suppliers, then supplies replacement pads through dealer and independent repair networks. KONI sells shock absorbers and damping equipment to train manufacturers and operators. Industrial customers buy ITT’s pumps directly or through distributors and project contractors, with replacement parts and services providing a substantial additional source of pump-business revenue.
The business depends on customers’ vehicle production, industrial investment and maintenance spending, as well as keeping its components specified in equipment designs that can remain in use for many years. Aumovio SE, an automotive supplier, is ITT’s largest customer, though it represents a limited share of company-wide sales. That relationship combines automaker-selected brake pads with a long-term replacement-parts agreement. ITT’s safety-critical rail components must also meet strict compliance requirements.
The risk section is the longest, dullest part of the filing. This keeps only what can really hurt you: where it hits, how hard, when it plays out.
Every company claims an edge. Each one is checked against hard numbers like margins and returns: which hold, and which line gives way first.
Beyond this list, watch Aumovio, ITT's largest customer, for automotive production and brake-pad demand, and SPX FLOW for a planned acquisition that would substantially expand ITT's process-equipment business.
Flowserve competes with ITT for energy, chemical and industrial customers buying engineered pumps, valves and support for installed equipment. Watch Flowserve's replacement-parts and service business alongside pump sales: these aftermarket offerings accounted for about 40% of ITT's Industrial Process revenue in 2025.
Ingersoll Rand and ITT seek business from industrial, chemical, energy and pharmaceutical customers buying pumps and equipment to move fluids. Ingersoll Rand's specialized pumps and liquid-handling sales offer a closer comparison for ITT's process pumps than its broader equipment business.
IDEX overlaps ITT in selling pumps and valves to energy and industrial customers that need to move and control liquids. Its pump and valve businesses are the parts to compare with ITT's process equipment, rather than IDEX's full range of specialized components.
Dover competes with ITT for industrial and pharmaceutical customers buying pumps for their production processes. Watch Dover's industrial and biopharma pumps: it describes these as critical components whose replacement can carry costs and risks well beyond the price of the component.
Parker-Hannifin and ITT both depend on industrial equipment spending and aerospace production and maintenance, selling engineered components and replacement parts to equipment makers and users. Parker-Hannifin's aircraft-component sales and maintenance business give a view of the activity supporting ITT's aerospace connectors and replacement demand.
AMETEK and ITT overlap in supplying engineered electrical connections to aerospace, defense and industrial customers. Watch AMETEK's electrical interconnect business within its Electromechanical group, rather than its instrument sales, for the comparison with ITT's connectors that carry data, signals and power.
Xylem overlaps ITT in selling industrial water and dewatering pumps to industrial and mining customers, though Xylem's broader business focuses on the water sector.
The Gorman-Rupp Company competes with ITT for industrial customers buying pumps to move liquids, although ITT sells a broader range of engineered process equipment.
Wabtec and ITT's KONI and Axtone businesses share demand from train manufacturers and operators spending on new rolling stock, modernization and maintenance. Watch Wabtec's locomotive parts, overhaul and upgrade business for the maintenance demand that also supports ITT's rail dampers, impact-absorption components and repairs.
Wabtec Inc. earningsWAB
Wabtec's report will show what rail customers are spending on locomotive parts, overhauls, and upgrades—the same maintenance activity that supports ITT's rail damping and repair business.
See whether Wabtec's locomotive-parts, overhaul, and upgrade business is growing together. Growth would show rail operators and train makers continuing to spend on maintaining and modernizing equipment, supporting the shared demand for ITT's rail dampers, impact-absorption components, and repairs; weakness would point to less spending in that market.
Flowserve Corporation earningsFLS
Flowserve's report will show how energy, chemical, and industrial customers are spending on pumps and equipment service in the markets where it competes with ITT.
Read Flowserve's pump sales alongside its replacement-parts and service business. Growth in both would show customers buying equipment and maintaining what is already installed, supporting demand in ITT's Industrial Process markets while also showing Flowserve competing for that spending. If pump sales weaken but aftermarket activity holds, maintenance remains while new-equipment demand is softer; weakness in both points to a cooler shared market.
Fed Interest Rate Decision
The Fed’s decision on its benchmark interest rate matters to ITT because it affects the cost of borrowing, including debt used to fund its planned SPX FLOW acquisition, and can change how much cash ITT pays in interest.
Expected4.0%Last release4.0%
If it comes in above expectations
If the Fed’s rate is higher than expected, interest rates may rise, increasing ITT’s interest costs on debt that reprices and on new borrowing to fund the acquisition; that could leave less cash for operations and other needs.
If it comes in below expectations
If the Fed’s rate is lower than expected, interest rates may fall, reducing ITT’s interest costs on debt that reprices and making new acquisition borrowing cheaper; that could leave more cash for operations and other needs.
Ametek, Inc. earningsAME
AMETEK's report will show how aerospace, defense, and industrial customers are buying electrical interconnect products that compete with ITT's connectors.
Focus on AMETEK's electrical interconnect business within its Electromechanical group, not its instruments. Growth would show demand in the relevant customer markets, but also that AMETEK is winning sales there; weakness could mean softer customer spending or pressure on interconnect suppliers. Its results help distinguish an active market from a tougher competitive setting for ITT's connectors.
ITT Inc. earningsThis company
ITT's report will show whether sales of industrial-process pumps and aerospace and defense components are turning into profit while its auto and rail business holds up.
Compare each segment's sales growth excluding acquisition and currency effects with its operating margin, the share of sales left as operating profit. Growth in Industrial Process and Connect & Control Technologies with steady or rising margins would show that added sales are holding up against costs; weak sales or falling margins would point to demand, pricing, or cost pressure. Check whether Motion Technologies sales hold up too, to see if growth reaches beyond a few businesses.
