Illinois Tool Works Inc. (ITW) is poised to benefit from growth in the institutional end markets in North America, along with higher demand in the European warewash and cooking end markets within the Food Equipment segment. Strong momentum in the ground support equipment, appliance, consumer packaging and strength films businesses is aiding the Specialty Products segment.Strength in the polymers businesses and growth in the fluids businesses, driven by higher demand in Europe arising from increasing demand ...

Dividend Kings, or companies that have raised their payouts for at least 50 consecutive years, provide a great starting point for investors looking for reliable passive income sources. But some Dividend Kings don't consistently raise their dividends by a meaningful amount, or they have fractures in their business model that could jeopardize future raises.With 61 consecutive years of boosting its quarterly payout and a dividend that has more than tripled in the last 10 years, Illinois Tool Works (ITW -0.47%) ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 ☐ 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) (State or Other Jurisdiction of Incorporation or Organization) ( ...

An interesting stock in the Industrials sector is Illinois Tool Works (NYSE: ITW ). Despite the growth slowdown of the past few years, management managed to reduce costs, which increased their profits and cash flows. The stock wasI'm a passionate investor from the Netherlands with 12 years of stock market experience. My articles usually contain a good overview of important investment criteria. A stock for my portfolio is of interest to me if the company has the following characteristics:1. Companies that ar ...

Core Viewpoint - Illinois Tool Works Inc. (ITW) reported mixed financial results for the fourth quarter of 2024, with adjusted earnings per share exceeding estimates while revenues fell short of expectations Financial Performance - Fourth-quarter adjusted earnings were $2.54 per share, surpassing the Zacks Consensus Estimate of $2.49, representing a 7% year-over-year increase [1] - Revenues for the quarter were $3.9 billion, missing the consensus estimate of $4 billion, and decreased by 1.3% year over year due to a 1% unfavorable foreign currency translation [1] - For the full year 2024, net revenues totaled $15.9 billion, down 1.3% year over year, while adjusted earnings were $11.71 per share, reflecting a 20% increase year over year [2] Segmental Performance - Test & Measurement and Electronics revenues increased by 2.2% year over year to $747 million, below the estimate of $760.6 million [3] - Automotive Original Equipment Manufacturer revenues decreased by 3.7% year over year to $785 million, missing the estimate of $832.9 million [3] - Food Equipment revenues rose by 3% year over year to $672 million, slightly below the estimate of $682 million [4] - Welding revenues were $447 million, down 1% year over year, matching the estimate [4] - Construction Products revenues fell by 5% year over year to $438 million, below the estimate of $461.8 million [5] - Specialty Products revenues decreased by 5% year over year to $416 million, missing the estimate of $477.5 million [5] - Polymers & Fluids revenues declined by 2% year over year to $430 million, below the estimate of $459.3 million [5] Margin Profile - Cost of sales decreased by 3.9% year over year to $2.22 billion, while selling, administrative, and research and development expenses decreased by 0.5% year over year to $655 million [6] - Operating margin improved to 26.2%, up 140 basis points from the previous year, with enterprise initiatives contributing 120 basis points [6] Balance Sheet and Cash Flow - At the end of the fourth quarter, cash and equivalents were $948 million, down from $1.1 billion at the end of December 2023 [7] - Long-term debt remained stable at $6.31 billion compared to $6.3 billion at the end of December 2023 [7] - In 2024, net cash generated from operating activities was $3.28 billion, a decline of 7.3% year over year, with capital spending on plant and equipment at $437 million, down 4% year over year [8] - Free cash flow was $2.84 billion, decreasing by 7.8% year over year [8] 2025 Guidance - ITW expects earnings to be in the range of $10.15 to $10.55 per share, with organic revenues projected to increase by 0% to 2% [9] - Operating margin is anticipated to be between 26.5% and 27.5%, with enterprise initiatives expected to contribute approximately 100 basis points [9] - The company projects free cash flow to be 100% of net income and plans to repurchase about $1.5 billion worth of shares [9] - The expected tax rate is in the range of 24% to 24.5% [9]

Illinois Tool Works Inc. (NYSE:ITW) Q4 2024 Earnings Conference Call February 5, 2025 10:00 AM ET Company Participants Erin Linnihan - Vice President, Investor Relations Chris O'Herlihy - President & Chief Executive Officer Michael Larsen - Senior Vice President & Chief Financial Officer Conference Call Participants Stephen Volkmann - Jefferies Scott Davis - Melius Research Andrew Kaplowitz - Citi Group Jeff Sprague - Vertical Research Jamie Cook - Truist Securities Joe Ritchie - Goldman Sachs Tami Zakaria ...

Illinois Tool Works (ITW) reported $3.93 billion in revenue for the quarter ended December 2024, representing a year-over-year decline of 1.3%. EPS of $2.54 for the same period compares to $2.42 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.98 billion, representing a surprise of -1.21%. The company delivered an EPS surprise of +2.01%, with the consensus EPS estimate being $2.49.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings - ...

Forward-Looking Statements Safe Harbor Statement Fourth Quarter 2024 Earnings Conference Call February 5, 2025 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 financia ...

Illinois Tool Works (ITW) came out with quarterly earnings of $2.54 per share, beating the Zacks Consensus Estimate of $2.49 per share. This compares to earnings of $2.42 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.01%. A quarter ago, it was expected that this equipment manufacturer for the transportation, power, food and construction industries would post earnings of $2.53 per share when it actually produced earnings of ...

Exhibit 99.1 ITW Reports Fourth Quarter and Full Year 2024 Results Fourth Quarter 2024 Highlights 2024 Highlights 2025 Guidance GLENVIEW, IL., February 5, 2025 - Illinois Tool Works Inc. (NYSE: ITW) today reported its fourth quarter and full year 2024 results and initiated guidance for full year 2025. "ITW delivered a solid finish to the year as we outperformed underlying end markets, expanded operating margin by 140 basis points, generated record free cash flow, and delivered seven percent earnings per sha ...