Itt Inc.
ITT Inc. Announces Public Offering to Fund Acquisition of SPX FLOW, Inc.
Summary
ITT Inc. has announced an underwritten public offering of 7,000,000 shares of its common stock, with an option for underwriters to purchase up to an additional 1,050,000 shares. The offering is expected to raise approximately $1.31 billion net proceeds, which will be used to fund a portion of the previously announced acquisition of SPX FLOW, Inc. If the acquisition is not completed, the proceeds will be used for general corporate purposes. The offering was announced via press release on December 8, 2025.
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About Itt Inc.
ITT Inc. is a diversified engineering and manufacturing company that provides critical components and customized technology solutions across a variety of industries. Its primary function is to deliver essential products and services in markets such as transportation, industrial, and oil & gas. ITT's product offerings include pumps, valves, and monitoring equipment that are integral to fluid management and flow control systems, as well as shock absorbers and brake components for use in automotive and rail sectors. A notable feature of ITT is its emphasis on innovation and technology, delivering robust solutions that are highly regarded for their reliability and efficiency. Operating worldwide, ITT plays a significant role in enabling infrastructure development and maintenance, contributing to the productivity and safety of operations in numerous sectors. This company's broad portfolio and global reach make it a critical player in facilitating complex engineering and manufacturing solutions, underscoring its importance in the financial market as a stable, multifaceted entity.
Official SEC Documents