Illinois Tool Works (ITW) came out with quarterly earnings of $2.65 per share, beating the Zacks Consensus Estimate of $2.53 per share. This compares to earnings of $2.55 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 4.74%. A quarter ago, it was expected that this equipment manufacturer for the transportation, power, food and construction industries would post earnings of $2.45 per share when it actually produced earnings o ...

Exhibit 99.1 ITW Reports Third Quarter 2024 Results • Revenue of $4.0 billion, a decrease of 2% as organic growth declined 1% • Operating margin of 26.5% as enterprise initiatives contributed 130 basis points • GAAP EPS of $3.91 included a divestiture gain of $1.26; ex-gain EPS of $2.65, an increase of 4% • Raising full year GAAP EPS guidance by $1.33 to a range of $11.63 to $11.73 per share GLENVIEW, IL., October 30, 2024 - Illinois Tool Works Inc. (NYSE: ITW) today reported its third quarter 2024 results. ...

Revenue of $4.0 billion, a decrease of 2% as organic growth declined 1% Operating margin of 26.5% as enterprise initiatives contributed 130 basis points GAAP EPS of $3.91 included a divestiture gain of $1.26; ex-gain EPS of $2.65, an increase of 4% Raising full year GAAP EPS guidance by $1.33 to a range of $11.63 to $11.73 per share GLENVIEW, Ill., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) today reported its third quarter 2024 results. "ITW delivered solid third quarter results, ...

Illinois Tool Works Inc. (ITW) is scheduled to release third-quarter 2024 results on Oct. 30, before market open. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The Zacks Consensus Estimate for third-quarter earnings has decreased 0.4% in the past 60 days. The company has an impressive earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters. The average surprise was 3.2%. The consensus estimate for revenues is pegged at $4 billi ...

In its upcoming report, Illinois Tool Works (ITW) is predicted by Wall Street analysts to post quarterly earnings of $2.52 per share, reflecting a decline of 1.2% compared to the same period last year. Revenues are forecasted to be $4.02 billion, representing a year-over-year decrease of 0.3%. The consensus EPS estimate for the quarter has undergone a downward revision of 1.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their ...

GLENVIEW, Ill., Oct. 04, 2024 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) will issue its third quarter 2024 results on Wednesday, October 30, 2024 at 7:00 a.m. CDT. Following the release, ITW will hold its third quarter 2024 earnings webcast at 9:00 a.m. CDT. To access the webcast for the event, please click on the following link: ITW Q3 2024 Earnings Webcast If you are a participant on the conference call, please dial 1-888-660-6652 (domestic) or 1-646-960-0554 (international) 10 minutes prior ...

Illinois Tool Works Inc. (ITW) has failed to impress investors with its recent operational performance due to persistent weakness in the Test & Measurement and Electronics segments. Also, given the company's extensive international presence, foreign currency headwind is an added uncertainty. Headquartered in Glenview, IL, Illinois Tool is a worldwide manufacturer of highly engineered products and specialty systems. The company's diversified range of industrial products and equipment is sold in multiple coun ...

Many different investing styles are deployed, as investors have their individual preferences. Still, market participants typically gravitate toward one of three strategies: income, growth, or value. Each style caters to different investor profiles. Income investors seek passive income from dividend payouts or other income-generating assets, growth investors seek to reap market-beating gains from companies expected to grow at an above-average level, and value investors look for discounted market opportunitie ...

Investing in equal parts of these five stocks produces an average dividend yield of 3%. The broader stock market continues to roar higher, with the S&P 500 index now up 46% since the start of 2023. But some investors may be looking to take their foot off the gas and put new capital to work in safe stocks. Coca-Cola (KO 0.58%), PepsiCo (PEP 0.46%), and Kenvue (KVUE 0.92%) are three consumer staples companies that pay sizable dividends. Illinois Tool Works (ITW 1.09%) and Target (TGT 0.13%) can be more cyclic ...

Illinois Tool Works Inc. (ITW) has been benefiting from positive momentum in the Automotive Original Equipment Manufacturer (OEM) segment driven by strength in the electric vehicles market and higher content in the Chinese OEM market. Organic revenues from the segment increased 1.9% in the first six months of 2024. The company is also experiencing strength in the Specialty Products segment, driven by increased equipment sales in the aerospace sector, primarily in Europe and North America. Organic revenues f ...