ITT (NYSE:ITT) delivered a double-digit jump in fourth-quarter revenue on Thursday, as the industrial manufacturer effectively converted a massive $2 billion backlog of defense and pump projects into a strong finish for fiscal 2025.
The Stamford, Connecticut-based company posted fourth-quarter revenue of $1.05 billion, a 13% increase (9% organic) that surpassed analyst forecasts.
Adjusted earnings for the quarter reached $1.85 per share, representing 23% growth, driven by aggressive cost controls and high-margin contributions from the kSARIA and Svanehøj acquisitions.
For the full year, ITT delivered $3.9 billion in revenue and adjusted EPS of $6.72, anchored by a 10% surge in total orders.
The results highlight ITT's successful pivot toward secular growth markets.
The Industrial Process (IP) segment outperformed as large-scale energy transition and pump projects moved into the shipping phase, while the Connect & Control Technologies (CCT) segment benefited from a resurgence in commercial aerospace and defense connector demand.
Furthermore, the company’s cash engine accelerated significantly; full-year free cash flow hit $555 million, an 11% increase that provides ample dry powder for its "30 by 30" strategy—a plan to reach $5 billion in revenue by 2030.