ITT Appoints Bertrand Loy and Kevin Wheeler to Board of Directors
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 29 2026
0mins
ITT (ITT) announced the election of Bertrand Loy and Kevin Wheeler to its board of directors. The appointments are effective as of August 1. The board also appointed Loy to the audit committee and Wheeler to the nominating and governance committee, in each case effective August 1. Loy is executive chairman and former CEO of Entegris (ENTG). Wheeler is executive chairman and former CEO of A. O. Smith (AOS).
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Analyst Views on ITT
Wall Street analysts forecast ITT stock price to rise
8 Analyst Rating
7 Buy
1 Hold
0 Sell
Strong Buy
Current: 190.070
Low
190.00
Averages
215.50
High
225.00
Current: 190.070
Low
190.00
Averages
215.50
High
225.00
About ITT
ITT Inc. is a diversified manufacturer of highly engineered critical components and customized technology solutions. The Company's segments include Flow Technologies (FT), Motion Technologies (MT), and Connect & Control Technologies (CCT). FT consists of nutrition and health, as well as flow equipment and services. It manufactures engineered fluid process equipment serving a diversified mix of customers in global industries such as chemical, energy, marine, mining, nutrition and health, and is a provider of pumps, valves, mixers, aftermarket services and parts. MT consists of friction and shock and vibration equipment. It manufactures brake components, shock absorbers and damping technologies primarily for the global automotive and rail transportation markets. CCT manufactures harsh-environment connector solutions, cable assemblies, critical energy absorption, flow control components, and composite materials for the aerospace and defense, general industrial, medical and energy markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
ITT Completes Acquisition of Aerospace Contacts for $31 Million
- Acquisition Completed: ITT has completed its acquisition of Aerospace Contacts for $31 million, which is expected to enhance ITT's competitiveness in the aerospace and defense markets and drive further growth in the high-reliability precision contacts sector.
- Product Portfolio Strength: Aerospace Contacts specializes in manufacturing custom contacts, housings, and shells, with capabilities supporting harsh-environment connector applications, providing robust product support for ITT's Connect & Control Technologies business.
- Strengthened Market Position: The acquisition will enhance ITT's supply chain resilience, as Aerospace Contacts has been a long-standing supplier for ITT Cannon, further solidifying ITT's position in the high-mix custom contact market to meet growing customer demands.
- Global Business Expansion: With operations in over 40 countries and sales in approximately 125 countries, this acquisition will help ITT increase its market share in the aerospace and defense sectors, supporting the implementation of its long-term growth strategy.
See More
ITT Inc. Appoints New Board Members
- New Board Members: ITT Inc. has announced the election of Bertrand Loy and Kevin Wheeler to its Board of Directors, reflecting the company's disciplined approach to board refreshment aimed at enhancing capabilities aligned with strategic goals.
- Loy's Background: Bertrand Loy, former CEO of Entegris, Inc., brings extensive global manufacturing and supply chain leadership experience, with expertise in strategy, operational excellence, and capital allocation that will support ITT's portfolio and growth priorities.
- Wheeler's Experience: Kevin Wheeler, who led A. O. Smith Corporation as CEO, has a proven track record in building high-performing teams and expanding global businesses, providing valuable insights for ITT's execution rigor and growth strategy.
- Committee Appointments: The appointments of both directors will take effect on August 1, 2026, with Loy joining the Audit Committee and Wheeler the Nominating and Governance Committee, further enhancing the board's professionalism and governance capabilities.
See More
ITT Acquires Aerospace Contacts for $31 Million to Enhance Supply Chain Resilience
- Acquisition Overview: ITT has signed a definitive agreement to acquire privately held Aerospace Contacts for $31 million, strategically enhancing ITT's footprint in the high-reliability aerospace and defense markets.
- Supply Chain Integration: As a long-standing supplier to ITT Cannon, Aerospace Contacts' integration into ITT's Connect & Control Technologies segment will bolster supply chain resilience for both companies, ensuring stable supply of critical components.
- Technical Team Strength: Founded in 1999, Aerospace Contacts specializes in highly engineered contact systems and critical interconnect components, supported by a skilled technical team of approximately 140 professionals, ensuring competitiveness in aerospace and defense connectors.
- Transaction Timeline: The acquisition is expected to close in the third quarter of 2026, subject to customary closing conditions, marking a significant expansion for ITT in the industry.
See More
ITT Acquires Aerospace Contacts for $31 Million
- Acquisition Announcement: ITT Inc. has agreed to acquire Aerospace Contacts LLC for $31 million, a company specializing in precision contacts for the aerospace and defense sectors, with the deal expected to close in Q3 2026, thereby strengthening ITT's position in the aerospace market.
- Supply Chain Resilience: This acquisition will enhance supply chain resilience between ITT and Aerospace Contacts, ensuring sustained growth in the aerospace and defense markets, which will improve overall business stability for both companies.
- Positive Market Reaction: Following the acquisition announcement, ITT's shares closed at $195.18 on Monday, reflecting a 3.2% increase, indicating a positive market response and investor confidence in the company's future growth potential.
- Strategic Implications: By acquiring Aerospace Contacts, ITT not only integrates specialized technology but also expands its market share in the aerospace and defense sectors, thereby enhancing its competitive advantage.
See More
ITT Acquires Aerospace Contacts to Enhance Market Position
- Acquisition Agreement: ITT Inc. has signed a definitive agreement to acquire Aerospace Contacts for $31 million, a leading manufacturer in the aerospace and defense sector, with the deal expected to close in Q3 2026, thereby enhancing ITT's competitive position in the market.
- Supply Chain Resilience: This acquisition will strengthen the supply chain resilience of both companies, ensuring a reliable supply of critical components in the aerospace and defense sectors, reflecting ITT's ongoing commitment to strategic acquisitions aimed at enhancing its overall business portfolio.
- Technical Team Strength: Founded in 1999, Aerospace Contacts employs approximately 140 technical professionals, and its customer-focused operations will enhance ITT's responsiveness in the Connect & Control Technologies (CCT) sector, meeting customer demands for quality and speed-to-market.
- Strategic Market Positioning: Through this acquisition, ITT will secure a stronger strategic position in the aerospace and defense markets, leveraging Aerospace Contacts' expertise to drive future business growth and market expansion.
See More
ITT Inc. Q1 2026 Earnings Call Highlights
- Significant Revenue Growth: ITT Inc. reported $1.2 billion in revenue for Q1 2026, reflecting a 33% increase year-over-year, with organic growth at 11%, demonstrating strong market performance and effective execution.
- Acquisition Synergies: The company completed the acquisition of SPX FLOW on March 2, one month ahead of schedule, and anticipates achieving $80 million in cost synergies, further enhancing profitability and competitive positioning.
- Substantial EPS Increase: Adjusted earnings per share reached $1.98, up 25% from the previous year, showcasing the company's success in cost control and efficiency improvements, laying a solid foundation for future investments and shareholder returns.
- Optimistic Outlook: ITT expects full-year adjusted EPS guidance between $7.70 and $8.00 for 2026, with a revenue growth rate of 37% and plans to achieve approximately 20% operating margin, reflecting confidence in future growth prospects.
See More
ITT Completes Acquisition of Aerospace Contacts for $31 Million
- Acquisition Completed: ITT has completed its acquisition of Aerospace Contacts for $31 million, which is expected to enhance ITT's competitiveness in the aerospace and defense markets and drive further growth in the high-reliability precision contacts sector.
- Product Portfolio Strength: Aerospace Contacts specializes in manufacturing custom contacts, housings, and shells, with capabilities supporting harsh-environment connector applications, providing robust product support for ITT's Connect & Control Technologies business.
- Strengthened Market Position: The acquisition will enhance ITT's supply chain resilience, as Aerospace Contacts has been a long-standing supplier for ITT Cannon, further solidifying ITT's position in the high-mix custom contact market to meet growing customer demands.
- Global Business Expansion: With operations in over 40 countries and sales in approximately 125 countries, this acquisition will help ITT increase its market share in the aerospace and defense sectors, supporting the implementation of its long-term growth strategy.
See More
ITT Inc. Appoints New Board Members
- New Board Members: ITT Inc. has announced the election of Bertrand Loy and Kevin Wheeler to its Board of Directors, reflecting the company's disciplined approach to board refreshment aimed at enhancing capabilities aligned with strategic goals.
- Loy's Background: Bertrand Loy, former CEO of Entegris, Inc., brings extensive global manufacturing and supply chain leadership experience, with expertise in strategy, operational excellence, and capital allocation that will support ITT's portfolio and growth priorities.
- Wheeler's Experience: Kevin Wheeler, who led A. O. Smith Corporation as CEO, has a proven track record in building high-performing teams and expanding global businesses, providing valuable insights for ITT's execution rigor and growth strategy.
- Committee Appointments: The appointments of both directors will take effect on August 1, 2026, with Loy joining the Audit Committee and Wheeler the Nominating and Governance Committee, further enhancing the board's professionalism and governance capabilities.
See More
ITT Acquires Aerospace Contacts for $31 Million to Enhance Supply Chain Resilience
- Acquisition Overview: ITT has signed a definitive agreement to acquire privately held Aerospace Contacts for $31 million, strategically enhancing ITT's footprint in the high-reliability aerospace and defense markets.
- Supply Chain Integration: As a long-standing supplier to ITT Cannon, Aerospace Contacts' integration into ITT's Connect & Control Technologies segment will bolster supply chain resilience for both companies, ensuring stable supply of critical components.
- Technical Team Strength: Founded in 1999, Aerospace Contacts specializes in highly engineered contact systems and critical interconnect components, supported by a skilled technical team of approximately 140 professionals, ensuring competitiveness in aerospace and defense connectors.
- Transaction Timeline: The acquisition is expected to close in the third quarter of 2026, subject to customary closing conditions, marking a significant expansion for ITT in the industry.
See More
ITT Acquires Aerospace Contacts for $31 Million
- Acquisition Announcement: ITT Inc. has agreed to acquire Aerospace Contacts LLC for $31 million, a company specializing in precision contacts for the aerospace and defense sectors, with the deal expected to close in Q3 2026, thereby strengthening ITT's position in the aerospace market.
- Supply Chain Resilience: This acquisition will enhance supply chain resilience between ITT and Aerospace Contacts, ensuring sustained growth in the aerospace and defense markets, which will improve overall business stability for both companies.
- Positive Market Reaction: Following the acquisition announcement, ITT's shares closed at $195.18 on Monday, reflecting a 3.2% increase, indicating a positive market response and investor confidence in the company's future growth potential.
- Strategic Implications: By acquiring Aerospace Contacts, ITT not only integrates specialized technology but also expands its market share in the aerospace and defense sectors, thereby enhancing its competitive advantage.
See More
ITT Acquires Aerospace Contacts to Enhance Market Position
- Acquisition Agreement: ITT Inc. has signed a definitive agreement to acquire Aerospace Contacts for $31 million, a leading manufacturer in the aerospace and defense sector, with the deal expected to close in Q3 2026, thereby enhancing ITT's competitive position in the market.
- Supply Chain Resilience: This acquisition will strengthen the supply chain resilience of both companies, ensuring a reliable supply of critical components in the aerospace and defense sectors, reflecting ITT's ongoing commitment to strategic acquisitions aimed at enhancing its overall business portfolio.
- Technical Team Strength: Founded in 1999, Aerospace Contacts employs approximately 140 technical professionals, and its customer-focused operations will enhance ITT's responsiveness in the Connect & Control Technologies (CCT) sector, meeting customer demands for quality and speed-to-market.
- Strategic Market Positioning: Through this acquisition, ITT will secure a stronger strategic position in the aerospace and defense markets, leveraging Aerospace Contacts' expertise to drive future business growth and market expansion.
See More
ITT Inc. Q1 2026 Earnings Call Highlights
- Significant Revenue Growth: ITT Inc. reported $1.2 billion in revenue for Q1 2026, reflecting a 33% increase year-over-year, with organic growth at 11%, demonstrating strong market performance and effective execution.
- Acquisition Synergies: The company completed the acquisition of SPX FLOW on March 2, one month ahead of schedule, and anticipates achieving $80 million in cost synergies, further enhancing profitability and competitive positioning.
- Substantial EPS Increase: Adjusted earnings per share reached $1.98, up 25% from the previous year, showcasing the company's success in cost control and efficiency improvements, laying a solid foundation for future investments and shareholder returns.
- Optimistic Outlook: ITT expects full-year adjusted EPS guidance between $7.70 and $8.00 for 2026, with a revenue growth rate of 37% and plans to achieve approximately 20% operating margin, reflecting confidence in future growth prospects.
See More
