ITT Inc.
ITT Inc., together with its subsidiaries, manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets. The company operates three segments: Motion Technologies, Industrial Process, and Connect & Control Technologies. The Motion Technologies segment manufactures brake pads, shock absorbers, energy absorption components, and damping technologies primarily for the transportation industry, including passenger cars, trucks, light and heavy-duty commercial and military vehicles, buses, and trains. This segment sells its products under the ITT Friction Technologies, KONI, Axtone, and Novitek brand names. The Industrial Process segment provides industrial pumps, valves, plant optimization, and remote monitoring systems and services; and aftermarket solutions, such as replacement parts and services. It serves various customers in the energy, chemical and petrochemical, pharmaceutical, general industrial, marine, mining, pulp and paper, food and beverage, power generation, and biopharmaceutical industries. This segment sells its products under the Goulds Pumps, Bornemann, Engineered Valves, Hamworthy Pumps, PRO Services, C'treat, Svanehøj, Rheinhütte Pumpen, and Habonim brand names. The Connect & Control Technologies segment offers engineered connectors, cable assemblies, and specialized products for critical applications supporting various markets, including aerospace and defence, industrial, transportation, medical, and energy under the Cannon, VEAM, BIW Connector Systems, CIA&D, Compulink, Aerospace Controls, Enidine, Compact Automation, Charles E. Gillman, Turn-Act, Neo-Dyn, TopFlite Components, Conoflow, VIDAR, kSARIA, and Micro-Mode brand names. It operates in North America, Europe, Asia, the Middle East, Africa, and South America. The company was incorporated in 1920 and is headquartered in Stamford, Connecticut.
What does it do?
ITT makes the parts that keep machines running safely and efficiently — think brake pads for your car, shock absorbers for trains, and pumps that move chemicals through industrial plants. If you've ever hit the brakes on a European sports car or ridden a high-speed rail, there's a decent chance ITT components were involved. The company sells these parts to car manufacturers, aerospace companies, and energy producers who need highly engineered, precision-made components they can't just order off a shelf. ITT doesn't make the flashy end product — it makes the critical piece inside that everything depends on.
ITT sits at the intersection of two powerful spending trends: the global push to electrify vehicles (which still needs brake systems and damping components) and the industrial infrastructure buildout happening across the US, Europe, and Asia. As factories modernize and energy producers upgrade aging equipment, demand for ITT's industrial pumps and connectors rises alongside it. The company also benefits from a relatively sticky customer base — once your car platform or chemical plant is built around an ITT part, switching suppliers is expensive and risky, which gives ITT pricing power most manufacturers would envy.
How does it make money?
ITT earns its $3.9 billion in revenue across three business units. The largest, Motion Technologies, makes brake pads and shock absorbers primarily for the auto industry — this is steady, high-volume work tied to global vehicle production. The Industrial Process segment makes pumps and flow-control equipment for chemical, oil and gas, and mining industries, where customers pay premium prices for reliability. The Connect & Control Technologies unit makes connectors and sensors for aerospace and defense applications, which tend to carry higher margins. Revenue grew from $3.6 billion to $3.9 billion year-over-year, an 8% increase, while net income came in at $0.5 billion.
Why do investors care?
The growth story here is about three things: electrification, defense spending, and pricing power. Electric vehicles still need brakes and suspension systems, meaning ITT's Motion Technologies segment keeps growing even as the powertrain shifts away from combustion engines. Defense budgets in the US and Europe are rising, which directly boosts demand for ITT's aerospace connectors and sensors. Finally, because ITT's parts are deeply embedded in customer designs and switching costs are high, the company can raise prices gradually without losing business — which is what drove net income growth even as cost pressures hit the broader industrial sector.
Deep Dive
MemberA full investor briefing on ITT Inc. — history, leadership, risks, and outlook.