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0 -0.010957858583656 -0.0250776863108544 -0.0250776863108544 -0.0250776863108544 -0.0250776863108544 -0.00757782260262794 -0.0089407403369135
Stock impact report

ITT to Acquire SPX FLOW, Significantly Expanding Leadership Position in Highly Engineered Components and Adjacent Flow Technologies

ITT Inc. (ITT) 
Last itt inc. earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: itt.com/investors
Company Research Source: Business Wire
Adds core and adjacent flow technologies with market leadership in critical applicationsStrengthens ITT’s leadership in core industrial, chemical and energy markets; establishes leading positions in attractive, close adjacencies in health and nutrition, enhancing end market mix$1.3 billion SPX FLOW sales and greater than 21% EBITDA margin (22% adjusted) in trailing twelve months adds resilient, high-margin revenue streams43% aftermarket revenue doubles Industrial Process segment aftermarket sales$80 million expected run rate of cost synergies by end of year three and opportunity for incremental revenue growth leveraging ITT’s proven ability and track record of outperforming underlying marketsExpected to be immediately accretive to ITT’s gross margin and adjusted EBITDA margin with adjusted EPS accretion anticipated in 2026 and double digits anticipated during the first full year post-close excluding amortization of intangiblesITT to host conference call and webcast today at 8:30 a.m. Show less Read more
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