ITT Business Summary

ITT Inc. (ITT) is a global manufacturer of highly engineered critical components and customized technology solutions, generating revenue through a B2B model focused on product sales and high-margin aftermarket services. The company operates via three primary segments: Motion Technologies (MT), which leads the automotive and rail markets in brake pads and damping solutions; Industrial Process (IP), providing specialized pumps and valves for the chemical, energy, and mining sectors; and Connect & Control Technologies (CCT), which manufactures connectors and sensors for aerospace and defense. As of early 2026, ITT is undergoing a transformative portfolio shift following its $4.775 billion acquisition of SPX FLOW, a move designed to deepen its exposure to industrial decarbonization and energy transition markets while reducing its reliance on traditional automotive cycles. The company competes directly with industrial giants such as Flowserve, Xylem, Crane, and Dover, positioning itself as a premium provider of mission-critical components for harsh environments where failure is not an option. Originally founded in 1920 by brothers Sosthenes and Hernand Behn as International Telephone & Telegraph, the modern ITT is led by President and CEO Luca Savi, who has spearheaded the company’s operational excellence and M&A strategy since 2019. Savi brings a deep industrial pedigree from previous leadership roles at Comau (Fiat Group), Honeywell, and Royal Dutch Shell. The executive team includes Senior Vice President and CFO Emmanuel Caprais, Chief Legal Officer Lori Marino, and Chief Human Resources Officer Emrana Sheikh. Strategic segment leadership is provided by Davide Barbon (MT), Bartek Makowiecki (IP and Strategy), and Michael Guhde (CCT). The company’s governance is currently overseen by Board Chair Timothy H. Powers, who is slated to be succeeded by Nazzic S. Keene in May 2026. Notable board members include Mary A. Laschinger, former CEO of Veritiv, and Maggie Chu, CHRO of Littelfuse, reflecting a board with significant expertise in global manufacturing and human capital management.