Slides
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1 November 5, 2026 Q3 2026 Earnings
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2 Safe Harbor and Non-GAAP Disclosures Safe Harbor This presentation contains “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. In addition, the accompanying conference call may include, and officers and representatives of ITT may from time to time make and discuss, projections, goals, assumptions, and statements that constitute “forward-looking statements”. These forward-looking statements are not historical facts, but rather represent a belief regarding future events based on current expectations, estimates, assumptions and projections about our business, future financial results, the industry in which we operate, and other legal, regulatory and economic developments. These forward-looking statements include, but are not limited to, future strategic plans, statements regarding the impact of the acquisition of SPX FLOW, Inc. on ITT, including expected cost synergies and margin or earnings accretion, 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. We use words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “future,” “guidance,” “intend,” “may,” “plan,” “potential,” “project,” “should,” “target,” “will,” “would,” and other similar expressions to identify such forward-looking statements. Forward-looking statements are uncertain, and, by their nature, many are inherently unpredictable and outside of ITT’s control, and involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from those expressed or implied in, or reasonably inferred from, such forward-looking statements. Where in any forward-looking statement we express an expectation or belief as to future results or events, such expectation or belief is based on current plans and expectations of our management, expressed in good faith and believed to have a reasonable basis. However, we cannot provide any assurance that the expectation or belief will occur or that anticipated results will be achieved or accomplished. More information on factors that could cause actual results or events to differ materially from those anticipated is included in the Risk Factors section of the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed from time to time with the Securities and Exchange Commission. The forward-looking statements included in this presentation speak only as of the date hereof. We undertake no obligation (and expressly disclaim any obligation) to update any forward-looking statements, whether written or oral, as a result of new information, future events or otherwise. Non-GAAP Disclosures This presentation and the discussion on the accompanying conference call contain certain financial measures that are not prepared under U.S. generally accepted accounting principles (GAAP). These non-GAAP financial measures supplement our GAAP disclosures and are not meant to be considered in isolation or as a substitute for the most directly comparable measures that are prepared in accordance with GAAP. These measures may not be comparable to similarly titled measures disclosed by other companies. For a reconciliation of these non-GAAP financial measures to the most directly comparable measures disclosed under GAAP, refer to the supplemental data to this presentation or investors.itt.com.
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3 Q3 | Same Message. Stronger Results. Continuing margin expansion • CCT margin +100 bps vs PY with kSARIA operating margin above 19% • MT margin +70 bps vs PY from net productivity • FT margin +100 bps sequentially driven mainly by accelerated synergies Orders momentum • CCT +57% total; +55% organic with book-to-bill of 1.3x driven by connectors and kSARIA • FT +108% total; +11% organic from continued growth in pump projects and valves • Robust KONI growth at +24% from rail and defense with 1.3x book-to-bill Compounding revenue growth • CCT +21% total; +19% organic led by connectors +20% and kSARIA +35% • Global Friction QTD outperformance of 230 bps, 560 bps YTD • FT +99% total; +6% organic driven by strong pump projects and valves growth • SPX FLOW +8% YTD mainly driven by Nutrition & Health2 Cash & capital deployment • Generated $464 million free cash flow YTD, ahead of target • Deleveraging with speed and ahead of plan; leverage ratio 2.3x • Continued share repurchases in Q3, >$150 million year to date All results unaudited. Comparisons to Q3 2025 unless otherwise noted. For non-GAAP reconciliations, refer to appendix 1. Revised adjusted operating income and adjusted income from continuing operations definitions exclude acquisition-related intangible amortization 2. 2026 YTD SPX FLOW results include pre- and post-acquisition periods and are compared to 2025 YTD pre-acquisition results , Q3’26 Total revenue growth Organic revenue growth +44% +8% Adjusted operating margin1 Adj. operating margin expansion 21.0% +140 bps Adjusted EPS1 Adjusted EPS growth $2.26 +20% Total orders growth Organic orders growth +58% +20%
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4 , YTD Nutrition and Health • Expanding North America footprint • Positioning for next-generation dairy and nutrition trends (i.e. protein) • Deepening and broadening strategic customer partnerships Mixers • Positioning for growth in the Middle East through localization of production • Scaling the Latin American platform leveraging Goulds Pumps footprint • Expanding aftermarket penetration Waukesha Cherry-Burrell • Penetrating industrial process markets through new product introductions • Accelerating in China and India through expanded channel coverage and product localization • Building North American Bornemann hygienic twin-screw platform SPX FLOW | Ahead of Plan Year to Date1 • Revenue +8%; strength in Nutrition and Health, Mixers and Waukesha Cherry-Burrell, more than compensating for headwinds in Industrial Pumps • Backlog +7% over the prior year • 1.04x book-to-bill • HSD growth projected for the full year Growth , YTD Cost Synergies , YTD 4 • Robust synergies pipeline in excess of the original commit of $80M • 2026 P&L savings projected >$20M versus budget of $15M • Delivering Year 1 run rate savings 5 months ahead of plan • Actions to date primarily in corporate and business G&A • Supply chain and procurement actions well underway; expected to be realized in Year 2 ForecastBudget ForecastBudget All results unaudited. For non-GAAP reconciliations, refer to appendix 1. 2026 YTD SPX FLOW results include pre- and post-acquisition periods and are compared to 2025 YTD pre-acquisition results 2026 Financial Impact $15M >$20M Year 1 Run Rate Savings $27M >$30M
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5 $368M $464M 2025 2026 Q3 Summary Results $999M $1,441M 2025 2026 $196M $303M 2025 2026 $1.89 $2.26 2025 2026 +44% total Revenue1 Adjusted Operating Income and Margin2 Adjusted EPS 2 YTD Free Cash Flow +20%+55% + Organic growth +8% with all businesses contributing + CCT led by aerospace & defense connectors +29% + FT led by growth in projects +12% and valves +20% + 140 bps YoY margin expansion to 21.0% and 100 bps sequentially + Growth mainly driven by volume and price in FT and CCT, net productivity savings in MT + Sequential expansion reflecting accelerated cost synergy savings + Higher adjusted operating income driven by volume, pricing and net productivity savings + SPX FLOW contribution ahead of plan at 12c year to date, net of interest, share count, and tax rate - $71M impact from one-time acquisition-related expenses + 11% YTD free cash flow margin + Free cash flow up 46% excluding one-time acquisition-related expenses 2025Q3 2025 Q3 2026 Q3 2025 Q3 2026 Q3 2025 Q3 2026 Q3 2025 Q3 2026 All results unaudited. Comparisons to Q3 2025 unless otherwise noted. For non-GAAP reconciliations, refer to appendix 1. All growth percentages organic unless otherwise noted 2. Revised adjusted operating income and adjusted income from continuing operations definitions exclude acquisition-related intangible amortization +26%
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6 Q3 Adjusted EPS Bridge $1.89 $2.26 Q3 2025 Operational Performance SPX FLOW Acquisition Interest Share Count Tax Investments Q3 2026 +20% + Volume growth delivered by all three segments + Margin expansion mainly fueled by pricing actions and operating leverage in CCT and FT and productivity in MT + Corporate and legacy FT cost synergies captured in operational performance + SPX FLOW contribution ahead of plan and more than offsetting impact of higher interest, share count and tax rate + Strategic growth investments in FT and CCT $0.80 1 $0.31 ($0.03) All results unaudited. Comparisons to Q3 2025 unless otherwise noted. For non-GAAP reconciliations, refer to appendix 1. Revised adjusted operating income and adjusted income from continuing operations definitions exclude acquisition-related intangible amortization ($0.33) ($0.34) ($0.04)
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7 Raising 2026 Guidance • Raising organic revenue guidance to HSD growth • Orders momentum and elevated backlog fueling future growth • Continued sequential margin expansion from SPX FLOW cost synergies in FT and other productivity actions across all segments • Raising midpoint of adjusted EPS guidance by 36c; expect >19% adjusted FY EPS growth • Free cash flow guidance raised $45 million at the midpoint driven by strong cash generation across the business CommentaryPrior Updated Free cash flow $550M to $580M 10% to 11% margin $600M to $620M ~11% margin Adjusted EPS1 $8.12 to $8.32 +13% to +16% growth $8.54 to $8.62 +19% to +20% growth Adjusted operating margin1 20.0% to 20.9% +60 bps to +150 bps 20.2% to 21.0% +80 bps to +160 bps Revenue growth +38% to +41% +5% to +8% organic +41% to +43% +7% to +9% organic All results unaudited. Comparisons to Q3 2025 unless otherwise noted. For non-GAAP reconciliations, refer to appendix 1. Revised adjusted operating income and adjusted income from continuing operations definitions exclude acquisition-related intangible amortization
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88 Key Takeaways | Same Message. Stronger Results. Differentiation fueling orders growth Relentless execution driving margin expansion and accelerating earnings Building momentum for a robust 2027 Market share gains continue feeding our platforms for growth Acquisitions turbo-charging ITT’s value creation
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9 Speaker Topic Supplemental Data
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10 Q3 | Segment Summary Results All results unaudited. Comparisons to Q3 2025 unless otherwise noted. For non-GAAP reconciliations, refer to appendix 1. Revised adjusted operating income and adjusted income from continuing operations definitions exclude acquisition-related intangible amortization Flow Technologies Connect & Control Technologies Motion Technologies Organic Revenue Growth +6% +19%+2% Adjusted Segment Operating Income1 $172M $69M$76M Adjusted Segment Operating Margin1 22.4% 22.0%21.0% Organic Orders Growth +11% +55%+5% Book-to-Bill 1.02x 1.31x1.03x
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11 Adjusted Operating Margin Detail 1 2025 adjusted operating margin Operating leverage Productivity Materials inflation Investments 2026 adjusted operating margin Reconciliation to reported margin (special items) 2026 operating margin Q3 19.6% +110 bps +160 bps (110) bps (20) bps 21.0% (530) bps2 15.7% All results unaudited. Comparisons to Q3 2025 unless otherwise noted. For non-GAAP reconciliations, refer to appendix 1. Revised adjusted operating income and adjusted income from continuing operations definitions exclude acquisition-related intangible amortization 2. Refer to slide 14 for details
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12 Key Performance Indicators & Non-GAAP Measures Management reviews a variety of key performance indicators including revenue, operating income and margin, earnings per share, order growth, and backlog. In addition, we consider certain measures to be useful to management and investors when evaluating our operating performance for the periods presented. These measures provide a tool for evaluating our ongoing operations and management of assets from period to period. This information can assist investors in assessing our financial performance and measures our ability to generate capital for deployment among competing strategic alternatives and initiatives, including, but not limited to, acquisitions, dividends, and share repurchases. Some of these metrics, however, are not measures of financial performance under accounting principles generally accepted in the United States of America (GAAP) and should not be considered a substitute for measures determined in accordance with GAAP. We consider the following non-GAAP measures, which may not be comparable to similarly titled measures reported by other companies, to be key performance indicators for purposes of our reconciliation tables. Organic Revenue and Organic Orders are defined, respectively, as revenue and orders, excluding the impacts of foreign currency fluctuations, acquisitions, and divestitures that may or may not qualify as discontinued operations. Current year activity from acquisitions is excluded for twelve months following the closing date of acquisition. The period-over-period change resulting from foreign currency fluctuations is estimated using a fixed exchange rate for both the current and prior periods. Prior year revenue and orders are adjusted to exclude activity during the comparable period for twelve months post-closing date for divestitures that do not qualify as discontinued operations. We believe that reporting organic revenue and organic orders provide useful information to investors by helping identify underlying trends in our business and facilitating comparisons of our revenue performance with prior and future periods and to our peers. Adjusted Operating Income is defined as operating income adjusted to exclude special items that include, but are not limited to, restructuring, intangible amortization, certain asset impairment charges, certain acquisition- and divestiture-related impacts, and unusual or infrequent operating items. Special items represent charges or credits that impact current results, which management views as unrelated to the Company's ongoing operations and performance. Adjusted Operating Margin is defined as adjusted operating income divided by revenue. We believe these financial measures are useful to investors and other users of our financial statements in evaluating ongoing operating profitability, as well as in evaluating operating performance in relation to our competitors. Adjusted Income from Continuing Operations is defined as income from continuing operations attributable to ITT Inc. adjusted to exclude special items that include, but are not limited to, restructuring, intangible amortization, certain asset impairment charges, certain acquisition- and divestiture-related impacts, income tax settlements or adjustments, and unusual or infrequent items. Special items represent charges or credits, on an after-tax basis, that impact current results, which management views as unrelated to the Company’s ongoing operations and performance. The after-tax basis of each special item is determined using the jurisdictional tax rate of where the expense or benefit occurred and the tax deductibility under local tax rules. Adjusted Income from Continuing Operations per Diluted Share (Adjusted EPS) is defined as adjusted income from continuing operations divided by diluted weighted average common shares outstanding. We believe that adjusted income from continuing operations and adjusted EPS are useful to investors and other users of our financial statements in evaluating ongoing operating profitability, as well as in evaluating operating performance in relation to our competitors. Free Cash Flow is defined as net cash provided by operating activities less capital expenditures, net of capital-related government incentives. Free Cash Flow Margin is defined as free cash flow divided by revenue. We believe that free cash flow and free cash flow margin provide useful information to investors as it provides insight into a primary cash flow metric used by management to monitor and evaluate cash flows generated by our operations.
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13 Reconciliation of Revenue to Organic Revenue Reconciliation of Orders to Organic Orders Reconciliation of Revenue to Organic Revenue Reconciliation of Orders to Organic Orders FT MT CCT Elim Total 2026 Revenue 764.3$ 363.7$ 313.9$ (1.3)$ 1,440.6$ Less: Acquisitions 357.3 - 7.7 - 365.0 Less: Foreign currency translation 0.1 1.7 (1.1) - 0.7 2026 Organic revenue 406.9$ 362.0$ 307.3$ (1.3)$ 1,074.9$ 2025 Revenue 383.9 355.6 259.2 0.4 999.1 Organic Revenue Growth - $ 23.0$ 6.4$ 48.1$ 75.8$ Organic Revenue Growth - % 6.0% 1.8% 18.6% 7.6% Reported Revenue Growth - $ 380.4$ 8.1$ 54.7$ 441.5$ Reported Revenue Growth - % 99.1% 2.3% 21.1% 44.2% FT MT CCT Elim Total 2026 Orders 779.4$ 374.7$ 409.7$ (1.2)$ 1,562.6$ Less: Acquisitions 362.0 - 6.4 - 368.4 Less: Foreign currency translation - 1.7 (1.6) - 0.1 2026 Organic orders 417.4$ 373.0 404.9 (1.2) 1,194.1 2025 Orders 375.3 353.7 260.8 1.2 991.0 Organic Orders Growth - $ 42.1$ 19.3$ 144.1$ 203.1$ Organic Orders Growth - % 11.2% 5.5% 55.3% 20.5% Reported Orders Growth - $ 404.1$ 21.0$ 148.9$ 571.6$ Reported Orders Growth - % 107.7% 5.9% 57.1% 57.7% Note: Immaterial differences due to rounding. Third Quarter 2026 ITT Inc. Non-GAAP Reconciliation Statements (In millions; all amounts unaudited) Reconciliation of Revenue to Organic Revenue Third Quarter 2026 Reconciliation of Orders to Organic Orders
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14 Reconciliations of Operating Income/Margin to Adjusted Operating Income/Margin Reconciliations of Operating Income/Margin to Adjusted Operating Income/Margin ITT Inc. Non-GAAP Reconciliation Statements (In millions; all amounts unaudited) FT MT CCT Corporate ITT FT MT CCT Corporate ITT Reported Operating Income 104.7$ 75.0$ 64.3$ (17.2)$ 226.8$ 82.1$ 69.8$ 46.2$ (18.3)$ 179.8$ Intangible amortization [a] 57.8 0.2 3.2 - 61.2 3.8 0.2 7.0 0.1 11.1 Restructuring costs 8.5 1.4 - 0.9 10.8 0.9 1.9 1.0 - 3.8 Acquisition-related costs 0.7 - 1.6 2.2 4.5 0.3 - 0.3 - 0.6 Other special items (0.1) (0.2) - 0.1 (0.2) 0.4 0.2 - (0.1) 0.5 Adjusted Operating Income 171.6$ 76.4$ 69.1$ (14.0)$ 303.1$ 87.5$ 72.1$ 54.5$ (18.3)$ 195.8$ Change in Operating Income 27.5% 7.4% 39.2% (6.0%) 26.1% Change in Adjusted Operating Income 96.1% 6.0% 26.8% (23.5%) 54.8% Reported Operating Margin 13.7% 20.6% 20.5% 15.7% 21.4% 19.6% 17.8% 18.0% Impact of special item adjustments 870 bps 40 bps 150 bps 530 bps 140 bps 70 bps 320 bps 160 bps Adjusted Operating Margin 22.4% 21.0% 22.0% 21.0% 22.8% 20.3% 21.0% 19.6% Change in Operating Margin -770 bps 100 bps 270 bps -230 bps Change in Adjusted Operating Margin -40 bps 70 bps 100 bps 140 bps Note: Immaterial differences due to rounding. [a] Starting in the first quarter of 2026, we have updated our definition of adjusted operating income and margin to exclude intangible amortization expense. Accordingly, we have updated the previously reported prior year adjusted result to reflect the new definition. Reconciliations of Operating Income/Margin to Adjusted Operating Income/Margin Third Quarter 2026 Third Quarter 2025
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15 Reconciliation of Reported vs. Adjusted Income from Continuing Operations and Diluted EPS ITT Inc. Non-GAAP Reconciliation Statements (In millions, except earnings per share; all amounts unaudited) Reconciliation of Reported vs. Adjusted Income from Continuing Operations and Diluted EPS Q3 2026 Q3 2025 % Change Q3 2026 Q3 2025 % Change Reported 123.6$ 127.0$ (2.7%) 1.38$ 1.62$ (14.8%) Special Items Expense / (Income): Intangible amortization [a] 61.2 11.1 0.68 0.14 Restructuring costs 10.8 3.8 0.12 0.05 Acquisition-related costs 4.5 0.6 0.05 0.01 Other pre-tax special items (2.3) 0.4 (0.03) - Net tax benefit of pre-tax special items (5.8) (3.5) (0.07) (0.05) Other tax-related special items [b] 11.3 9.1 0.13 0.12 Adjusted 203.3$ 148.5$ 36.9% 2.26$ 1.89$ 19.6% Note: Amounts may not calculate due to rounding. Per share amounts are based on diluted weighted average common shares outstanding. [a] [b] Starting in the first quarter of 2026, we have updated our definition of adjusted income from continuing operations and adjusted EPS to exclude intangible amortization expense. Accordingly, we have updated the previously reported prior year adjusted result to reflect the new definition. Income from Continuing Operations Diluted Earnings per Share Other tax-related special items for Q3 2026 include tax expense on distributions of non-U.S. income ($12.3), tax expense related to undistributed foreign earnings ($8.3), and tax benefit from acquisition-related accounting ($9.6), and other tax expense special items ($0.3). Other tax-related special items for Q3 2025 include tax expense on distributions of non-U.S. income ($5.9), tax expense on return to accrual adjustment of ($3.5), and other tax benefit special items($0.3).
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16 Reconciliation of GAAP vs Adjusted EPS Guidance – Full Year 2026 Low High EPS from Continuing Operations - GAAP 4.65$ 4.73$ Intangible Amortization 2.37 2.37 Estimated acquisition-related costs 1.42 1.42 Estimated restructuring costs 0.48 0.48 Other pre-tax special items (0.03) (0.03) Tax benefit on pre-tax special items (1.02) (1.02) Other tax-related special items 0.67 0.67 EPS from Continuing Operations - Adjusted 8.54$ 8.62$ ITT Inc. Non-GAAP Reconciliation Statements (In millions, except earnings per share; all amounts unaudited) Reconciliation of GAAP vs Adjusted EPS Guidance - Full Year 2026 2026 Guidance Note: The Company has provided forward-looking non-GAAP financial measures for organic revenue growth, adjusted operating margin, and adjusted effective tax rate. It is not possible, without unreasonable efforts, to estimate the impacts of foreign currency fluctuations, acquisitions, and certain other special items that may occur in 2026 as these items are inherently uncertain and difficult to predict. As a result, the Company is unable to quantify certain amounts that would be included in a reconciliation of organic revenue growth, adjusted operating margin, and adjusted effective tax rate to the most directly comparable GAAP financial measures without unreasonable efforts and accordingly has not provided reconciliations for these forward looking non-GAAP financial measures.
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17 Reconciliation of Cash from Operating Activities to Free Cash Flow 10/3/2026 9/27/2025 10/3/2026 9/27/2025 Low High Net Cash - Operating Activities 312.5$ 174.0$ 543.6$ 441.0$ 745$ 765$ Less: Capital expenditures 29.0 27.7 84.2 80.9 150 150 Proceeds from government incentives (4.9) (7.9) (4.9) (7.9) (5) (5) Free Cash Flow 288.4$ 154.2$ 464.3$ 368.0$ 600$ 620$ Revenue 1,440.6$ 999.1$ 4,125.6$ 2,884.5$ 5,585$ 5,585$ [a] Operating Cash Flow Margin 21.7% 17.4% 13.2% 15.3% 13% 14% Free Cash Flow Margin 20.0% 15.4% 11.3% 12.8% 11% 11% [a] Revenue included in the full year 2026 free cash flow margin guidance represents the expected revenue growth mid-point. ITT Inc. Non-GAAP Reconciliation Statements (In millions, except earnings per share; all amounts unaudited) Reconciliation of Cash from Operating Activities to Free Cash Flow Three Months Ended Nine Months Ended 2026 Guidance
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18 Impact of Intangible Amortization Special Item Revision to Adjusted Operating Income/Margin for 2025 ITT Inc. Non-GAAP Reconciliation Statements (In millions; all amounts unaudited) FT MT CCT Corporate ITT Adjusted operating income (as previously reported) 69.0$ 68.5$ 38.0$ (16.2)$ 159.3$ Intangible amortization costs 6.8 0.2 7.0 - 14.0 Revised adjusted operating income 75.8$ 68.7$ 45.0$ (16.2)$ 173.3$ Adjusted operating margin (as previously reported) 20.7% 19.8% 16.2% 17.4% Impact of intangible amortization adjustment 200 bps 10 bps 300 bps 150 bps Revised adjusted operating margin 22.7% 19.8% 19.2% 19.0% FT MT CCT Corporate ITT FT MT CCT Corporate ITT Adjusted operating income (as previously reported) 77.5$ 73.8$ 45.1$ (17.4)$ 179.0$ 146.5$ 142.3$ 83.1$ (33.6)$ 338.3$ Intangible amortization costs 4.3 0.2 7.1 - 11.6 11.1 0.4 14.1 - 25.6 Revised adjusted operating income 81.8$ 74.0$ 52.2$ (17.4)$ 190.6$ 157.6$ 142.7$ 97.2$ (33.6)$ 363.9$ Adjusted operating margin (as previously reported) 21.8% 20.2% 17.9% 18.4% 21.3% 20.0% 17.1% 17.9% Impact of intangible amortization adjustment 120 bps 10 bps 280 bps 120 bps 160 bps 10 bps 290 bps 140 bps Revised adjusted operating margin 23.0% 20.2% 20.7% 19.6% 22.9% 20.0% 20.0% 19.3% FT MT CCT Corporate ITT FT MT CCT Corporate ITT Adjusted operating income (as previously reported) 83.7$ 71.9$ 47.5$ (18.4)$ 184.7$ 230.1$ 214.2$ 130.6$ (51.9)$ 523.0$ Intangible amortization costs 3.8 0.2 7.0 0.1 11.1 15.0 0.7 21.1 (0.1) 36.7 Revised adjusted operating income 87.5$ 72.1$ 54.5$ (18.3)$ 195.8$ 245.1$ 214.9$ 151.7$ (52.0)$ 559.7$ Adjusted operating margin (as previously reported) 21.8% 20.2% 18.3% 18.5% 21.4% 20.1% 17.5% 18.1% Impact of intangible amortization adjustment 100 bps 10 bps 270 bps 110 bps 140 bps 10 bps 280 bps 130 bps Revised adjusted operating margin 22.8% 20.3% 21.0% 19.6% 22.8% 20.1% 20.3% 19.4% FT MT CCT Corporate ITT FT MT CCT Corporate ITT Adjusted operating income (as previously reported) 94.9$ 71.0$ 51.1$ (22.9)$ 194.1$ 325.0$ 285.2$ 181.8$ (74.9)$ 717.1$ Intangible amortization costs 3.8 0.3 6.5 - 10.6 18.9 1.0 27.5 (0.1) 47.3 Revised adjusted operating income 98.7$ 71.3$ 57.6$ (22.9)$ 204.7$ 343.9$ 286.2$ 209.3$ (75.0)$ 764.4$ Adjusted operating margin (as previously reported) 22.4% 19.7% 18.8% 18.4% 21.7% 20.0% 17.9% 18.2% Impact of intangible amortization adjustment 90 bps 10 bps 240 bps 100 bps 130 bps 10 bps 270 bps 120 bps Revised adjusted operating margin 23.3% 19.8% 21.2% 19.4% 23.0% 20.0% 20.6% 19.4% Note: Corporate may include a rounding adjustment to support column and row calculations. Fourth Quarter 2025 Twelve Months Ended 2025 Impact of Intangible Amortization Special Item Revision to Adjusted Operating Income/Margin for 2025 First Quarter 2025 Second Quarter 2025 Six Months Ended 2025 Third Quarter 2025 Nine Months Ended 2025
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19 Impact of Intangible Amortization to Adjusted Income from Continuing Operations and Adjusted EPS for 2025 Impact of Intangible Amortization to Adjusted Income from Continuing Operations and Adjusted EPS for 2025 ITT Inc. Non-GAAP Reconciliation Statements (In millions, except earnings per share; all amounts unaudited) Impact of Intangible Amortization to Adjusted Income from Continuing Operations and Adjusted EPS for 2025 For the quarter-to-date period ended Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Adjusted (as previously reported) 118.7$ 130.3$ 139.7$ 148.4$ 1.45$ 1.64$ 1.78$ 1.85$ Intangible amortization costs 14.0 11.6 11.1 10.6 0.17 0.15 0.14 0.13 Tax benefit from intangible amortization costs (3.3) (2.5) (2.3) (2.2) (0.04) (0.03) (0.03) (0.03) Revised Adjusted 129.4$ 139.4$ 148.5$ 156.8$ 1.58$ 1.76$ 1.89$ 1.95$ For the year-to-date period ended Q1 2025 6M 2025 9M 2025 12M 2025 Q1 2025 6M 2025 9M 2025 12M 2025 Adjusted (as previously reported) 118.7$ 248.8$ 388.5$ 536.7$ 1.45$ 3.09$ 4.87$ 6.72$ Intangible amortization costs 14.0 25.6 36.7 47.3 0.17 0.32 0.46 0.59 Tax benefit from intangible amortization costs (3.3) (5.6) (7.9) (9.9) (0.04) (0.07) (0.10) (0.12) Revised Adjusted 129.4$ 268.8$ 417.3$ 574.1$ 1.58$ 3.34$ 5.23$ 7.19$ Note: Amounts may not calculate due to rounding. Income from Continuing Operations Diluted Earnings per Share Income from Continuing Operations Diluted Earnings per Share