ITT (ITT) said Thursday that it now targets over $11 in adjusted earnings per share from its existing businesses by 2030 as part of its new long-term financial targets.
The new targets include more than 5% in average annual organic revenue growth and a 23% adjusted operating margin, among other things, the company said ahead of its 2025 capital markets day due later Thursday.
ITT also said it plans to spend $500 million to $700 million per year on accretive acquisitions, which it estimates will add $0.75 to $1 to its EPS, bringing the total to more than $12 by 2030.
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