ITT announces new long-term financial targets

ITT (ITT) new 2030 long-term financial targets vs. FY24: over 5% average annual organic revenue growth and approximately 10% total including expected contributions from acquisitions; ~23% adjusted operating margin on a consolidated basis, an expansion of more than 500 basis points versus 2024; over $11 of adjusted EPS from existing businesses; expects to deploy $500M-$700M per year to accretive acquisitions which the company estimates would contribute an additional 75c-$1.00 of EPS toward more than $12 in total by 2030; 14%-15% free cash flow margin.