Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Illinois Tool Works (ITW) , which belongs to the Zacks Manufacturing - General Industrial industry.When looking at the last two reports, this equipment manufacturer for the transportation, power, food and construction industries has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 4.21%, on average, in the last tw ...

Illinois Tool Works Inc. (ITW) has been benefiting from strength in the Automotive Original Equipment Manufacturer segment, supported by the electric vehicles market. Organic revenues from the segment inched up 0.3% in the first nine months of 2024. The company is benefiting from strength in the Specialty Products segment, driven by strong momentum in the ground support equipment, specialty films and consumer packaging businesses and increasing demand in the appliance business. Organic revenues from the seg ...

Illinois Tool Works Inc. (NYSE: ITW ) has good growth prospects, driven by its efficient use of R&D towards creating tailored solutions for its customers through its Customer-Back Innovation (CBI) initiative. In addition to gaining market share and helping volumes, CBI shouldI have over 15 years of experience investing and have provided research services to mid-sized hedge funds with assets under management between $100 and $500 million. I also have had a brief stint as a sell-side analyst. I am now focusin ...

Illinois Tool Works Inc. (ITW) is poised to gain from positive momentum in the Automotive Original Equipment Manufacturer (OEM) segment, driven by the electric vehicles market and higher content in the Chinese OEM market. The company is also benefiting from strength in the Specialty Products segment. The segment is being driven by strong momentum in the ground support equipment, specialty films and consumer packaging businesses and increasing demand in the appliance business. Growth in the institutional end ...

Illinois Tool Works (NYSE: ITW ) is a multinational corporation that specializes in industrial technology as well as manufacturing. The company operates through many segments, including: Food Equipment, Automotive OEM, Welding, Test & Measurement and Electronics, Construction Products, Polymers and Fluids and Specialty Products. The company was founded more thanI have a masters degree in Analytics from Northwestern University and a bachelors degree in Accounting. I have worked in the investment arena for ov ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File Number: 1-4797 ILLINOIS TOOL WORKS INC. (Exact name of registrant as specified in its charter) | --- | ...

Illinois Tool Works Inc. (NYSE:ITW) Q3 2024 Earnings Conference Call October 30, 2024 10:00 AM ET Company Participants Erin Linnihan - VP, IR Chris O'Hairlehy - President and CEO Michael Larsen - SVP and CFO Conference Call Participants Jeff Sprague - Vertical Research Partners Jamie Cook - Truist Securities Andy Kaplowitz - Citi Group Tami Zakaria - J.P. Morgan Joe OÂ'Dea - Wells Fargo Sabrina Abrams - Bank of America Merrill Lynch Julian Mitchell - Barclays Adam Farley - Stifel Operator Good morning. My n ...

Illinois Tool Works Inc. (ITW) reported third-quarter 2024 adjusted earnings of $2.65 per share, which surpassed the Zacks Consensus Estimate of $2.53. Earnings increased 4% year over year. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Illinois Tool's revenues of $3.97 billion missed the consensus estimate of $4.01 billion. The top line declined 1.6% year over year owing to a decrease of 1.4% in organic sales. While acquisition increased revenues by 0.2%, unfavorable foreign curr ...

Third Quarter 2024 Earnings Conference Call October 30, 2024 Forward-Looking Statements Safe Harbor Statement This presentation and related conference call contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements regarding global supply chain challenges, expected impact of inflation including raw material inflation and rising interest rates, the impact of enterprise initiatives, future financial ...

For the quarter ended September 2024, Illinois Tool Works (ITW) reported revenue of $3.97 billion, down 1.6% over the same period last year. EPS came in at $2.65, compared to $2.55 in the year-ago quarter. The reported revenue represents a surprise of -1.30% over the Zacks Consensus Estimate of $4.02 billion. With the consensus EPS estimate being $2.53, the EPS surprise was +4.74%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to de ...