ITT (US:ITT)2025-05-16 11:49Financial Performance & Targets - ITT's organic revenue grew at a CAGR of 9% from 2021 to 2024[16], surpassing the committed target of 5-7%[25] - Adjusted EPS grew at a CAGR of 13% from 2021 to 2024[16], exceeding the committed target of 10%+[25] - The company's average ROIC was 15%[16] - ITT aims for >5% CAGR in base business revenue growth and ~10% CAGR in total revenue growth including M&A[77] - The company projects adjusted EPS to be >$11 from the base business and >$12 with M&A by 2030[77] Business Segment Overview (2024) - Industrial Process generated $14 billion in revenue, representing 37% of total revenue[14] - Motion Technologies generated $14 billion in revenue, representing 37% of total revenue[14] - Connect & Control Technologies generated $09 billion in revenue, representing 26% of total revenue[14] M&A Strategy - ITT expects to deploy $500 million to $700 million annually for acquisitions[56] - The company targets acquisitions with HSD to LDD growth and gross margins between 30% and 40%[58] - ITT seeks acquisitions that can achieve a ROIC of >10% between year 3 and 5 and an IRR of ~15%[58]