ITW's track record for returning capital to shareholders makes up for its lackluster sales growth. Dividend Kings are an elite category of companies that have paid and raised their dividends for at least 50 years. It's an honorable title. But not all Dividend Kings have what it takes to pay and raise their dividends for the next 50 years. Illinois Tool Works (ITW -0.63%) stands out as one the highest-quality Dividend Kings. It's the elite of the elite when it comes to growing payouts to investors. But its s ...

GLENVIEW, Ill., Aug. 02, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) authorized a seven percent increase to the dividend payout to shareholders, representing a quarterly increase of $0.10 per share – or $0.40 per share annually – versus the current dividend rate. The Board also declared a dividend on the company's common stock of $1.50 per share for the third quarter of 2024. The dividend equates to $6.00 per share on a full-year basis. The dividend will be paid o ...

GLENVIEW, Ill., Aug. 02, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) authorized a seven percent increase to the dividend payout to shareholders, representing a quarterly increase of $0.10 per share – or $0.40 per share annually – versus the current dividend rate. The Board also declared a dividend on the company's common stock of $1.50 per share for the third quarter of 2024. The dividend equates to $6.00 per share on a full-year basis. The dividend will be paid o ...

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 June 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. (ITW) reported second-quarter 2024 adjusted earnings of $2.54 per share, which surpassed the Zacks Consensus Estimate of $2.45. Earnings increased 2% year over year. Illinois Tool's revenues of $4.0 billion missed the consensus estimate of $4.1 billion. The top line inched down 1.2% year over year due to an unfavorable foreign currency translation of 1.2%. Also, organic sales decreased 0.1% while acquisition increased revenues by 0.1%. Segmental Performance Test & Measurement and El ...

Illinois Tool Works Inc. (NYSE:ITW) Q2 2024 Earnings Conference Call July 30, 2024 10:00 AM ET Company Participants Erin Linnihan - VP, IR Christopher O'Herlihy - President and CEO Michael Larsen - SVP and CFO Conference Call Participants Andy Kaplowitz - Citigroup Scott Davis - Melius Research Tami Zakaria - JPMorgan Joe Ritchie - Goldman Sachs Julian Mitchell - Barclays Walt Liptak - Seaport Global Operator Good morning. My name is Audra, and I will be your conference operator today. At this time, I would ...

6 • Europe (7)% • Australia/New Zealand (4)% GAAP EPS $9.74 $10.30 – $10.40 +6 - 7% • Revenue and organic growth projected to be ~flat - Based on current levels of demand exiting Q2 and declining automotive build forecast - Enterprise initiatives contribute more than 100 bps 2023 2024E +165 bps STRONG EXECUTION IN A CHALLENGING MACRO DEMAND ENVIRONMENT Revenue - Reduction of (1)% / $(0.15) at the mid-pt. vs. prior range Operating Margin 25.1% After-tax ROIC* 30.4% 31%+ *See ITW's Q2'24 press release for the ...

Illinois Tool Works (ITW) came out with quarterly earnings of $2.54 per share, beating the Zacks Consensus Estimate of $2.45 per share. This compares to earnings of $2.41 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.67%. A quarter ago, it was expected that this equipment manufacturer for the transportation, power, food and construction industries would post earnings of $2.35 per share when it actually produced earnings o ...

• Revenue of $4.0 billion, a decrease of 1% with flat organic growth • Operating income of $1.05 billion, an increase of 4.5% • Operating margin of 26.2%, an increase of 140 bps as enterprise initiatives contributed 140 bps • GAAP EPS of $2.54, an increase of 2%; Excl. a one-time 2023 tax item, EPS increased 5% • Narrowing full year GAAP EPS guidance to a range of $10.30 to $10.40 per share Second quarter revenue of $4.0 billion declined by 1.2 percent as organic growth declined 0.1 percent. Foreign currenc ...

Revenue of $4.0 billion, a decrease of 1% with flat organic growth Operating income of $1.05 billion, an increase of 4.5% Operating margin of 26.2%, an increase of 140 bps as enterprise initiatives contributed 140 bps GAAP EPS of $2.54, an increase of 2%; Excl. a one-time 2023 tax item, EPS increased 5% Narrowing full year GAAP EPS guidance to a range of $10.30 to $10.40 per share GLENVIEW, Ill., July 30, 2024 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) today reported its second quarter 2024 re ...