Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>The full quarter results presented by ITT Incorporated revealed a broadly positive operational performance complemented by significant growth driven by both organic factors and the strategic acquisition of SPX FLOW.</li><li>For the first quarter ended April 4, 2026, the company reported 33% total revenue growth, including 11% organic growth, with all key segments contributing to this increase.</li><li>Notably, the newly combined Flow Technologies segment, inclusive of SPX FLOW, exhibited 61% revenue growth and 44% order growth, driven by strong project sales and market share gains across its businesses.</li></ul>

The full quarter results presented by ITT Incorporated revealed a broadly positive operational performance complemented by significant growth driven by both organic factors and the strategic acquisition of SPX FLOW.For the first quarter ended April 4, 2026, the company reported 33% total revenue growth, including 11% organic growth, with all key segments contributing to this increase.Notably, the newly combined Flow Technologies segment, inclusive of SPX FLOW, exhibited 61% revenue growth and 44% order growth, driven by strong project sales and market share gains across its businesses.

ITT Incorporated’s $2.9 Billion SPX FLOW Bet: A Growth Engine But With MASSIVE Leverage Risk!

<ul><li>The company’s outlook reflects selective improvement across certain end markets, though broader cyclical indicators do not yet point to a widespread recovery or a pronounced positive inflection across global cyclical sectors.</li><li>In the automotive segment, which historically exhibits cyclical volatility, global production is expected to remain flat to slightly down in 2026.</li><li>This continues the softness seen in recent periods, particularly in North America and China, while Europe remains comparatively stable.</li></ul>

The company’s outlook reflects selective improvement across certain end markets, though broader cyclical indicators do not yet point to a widespread recovery or a pronounced positive inflection across global cyclical sectors.In the automotive segment, which historically exhibits cyclical volatility, global production is expected to remain flat to slightly down in 2026.This continues the softness seen in recent periods, particularly in North America and China, while Europe remains comparatively stable.

<ul><li>ITT Inc. delivered a solid performance in the third quarter of 2025, leading to an upward revision of its full-year guidance.</li><li>The company reported total orders nearing $1 billion for the third consecutive quarter, marking a 3% increase.</li><li>This increase was supported significantly by the contributions from its recent acquisitions, kSARIA and Svanehøj.</li></ul>

ITT Inc. delivered a solid performance in the third quarter of 2025, leading to an upward revision of its full-year guidance.The company reported total orders nearing $1 billion for the third consecutive quarter, marking a 3% increase.This increase was supported significantly by the contributions from its recent acquisitions, kSARIA and Svanehøj.

ITT’s Game-Changing Acquisition: Can SPX FLOW Deliver Billions In Synergies?

<ul><li>ITT Inc.'s third-quarter results for 2025 reflect a complex landscape of both opportunities and challenges as the company continues its trajectory towards its 2030 targets.</li><li>For the quarter ending September 27, 2025, ITT reported robust financials, with several notable positives and some areas that warrant close monitoring.</li><li>On the positive side, ITT achieved nearly $1 billion in total orders for the third consecutive quarter, marking a 3% increase.</li></ul>

ITT Inc.'s third-quarter results for 2025 reflect a complex landscape of both opportunities and challenges as the company continues its trajectory towards its 2030 targets.For the quarter ending September 27, 2025, ITT reported robust financials, with several notable positives and some areas that warrant close monitoring.On the positive side, ITT achieved nearly $1 billion in total orders for the third consecutive quarter, marking a 3% increase.

ITT Inc.: How Smart Acquisitions Are Fueling Its Future Growth!

<ul><li>ITT Inc. reported a robust second quarter for 2025, marked by significant achievements across key performance metrics, though with notable areas of attention.</li><li>The company experienced a solid 7% total revenue growth, with a 4% increase in organic sales.</li><li>This performance was fueled by strong order intake across all segments, driven by the impactful contributions from the recent kSARIA and Svanehøj acquisitions.</li></ul>

ITT Inc. reported a robust second quarter for 2025, marked by significant achievements across key performance metrics, though with notable areas of attention.The company experienced a solid 7% total revenue growth, with a 4% increase in organic sales.This performance was fueled by strong order intake across all segments, driven by the impactful contributions from the recent kSARIA and Svanehøj acquisitions.

ITT Inc.’s Acquisition Strategy – How Smart Deals Are Powering Its Market Share Growth!

United States

ITT Inc. manufactures engineered components and customized technology solutions for industrial end-markets. The Company offers complex pumps to advanced brake pads to intricate connectors. ITT serves energy infrastructure, electronics, aerospace, and transportation sectors.

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ITT (ITT US)

ITT Incorporated’s $2.9 Billion SPX FLOW Bet: A Growth Engine But With MASSIVE Leverage Risk!

The full quarter results presented by ITT Incorporated revealed a broadly positive operational performance complemented by significant growth...

Baptista Research

ITT Inc.: Strategic Contracts

The company’s outlook reflects selective improvement across certain end markets, though broader cyclical indicators do not yet point to a...

Baptista Research

ITT’s Game-Changing Acquisition: Can SPX FLOW Deliver Billions In Synergies?

ITT Inc. delivered a solid performance in the third quarter of 2025, leading to an upward revision of its full-year guidance. The company reported...

Baptista Research

ITT Inc.: How Smart Acquisitions Are Fueling Its Future Growth!

ITT Inc.'s third-quarter results for 2025 reflect a complex landscape of both opportunities and challenges as the company continues its trajectory...

Baptista Research

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

ITT Incorporated’s $2.9 Billion SPX FLOW Bet: A Growth Engine But With MASSIVE Leverage Risk!

The full quarter results presented by ITT Incorporated revealed a broadly positive operational performance complemented by significant growth...

Baptista Research

ITT Inc.: Strategic Contracts

The company’s outlook reflects selective improvement across certain end markets, though broader cyclical indicators do not yet point to a...

Baptista Research

ITT’s Game-Changing Acquisition: Can SPX FLOW Deliver Billions In Synergies?

ITT Inc. delivered a solid performance in the third quarter of 2025, leading to an upward revision of its full-year guidance. The company reported...

Baptista Research

ITT Inc.: How Smart Acquisitions Are Fueling Its Future Growth!

ITT Inc.'s third-quarter results for 2025 reflect a complex landscape of both opportunities and challenges as the company continues its trajectory...

Baptista Research

ITT Inc.’s Acquisition Strategy – How Smart Deals Are Powering Its Market Share Growth!

ITT Inc. reported a robust second quarter for 2025, marked by significant achievements across key performance metrics, though with notable areas...

Baptista Research