"While the demand environment continued to moderate across our portfolio, we delivered a solid quarter with strong operational execution and profitability," said Christopher A. O'Herlihy, President and Chief Executive Officer. "Our ability to overcome near-term macro challenges and expand our margin and profitability to record levels as evidenced by margin improvement of 140 basis points to 26.2 percent and EPS growth of more than five percent, is a direct result of the focused execution by our team of dedi ...

While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights. In light of this perspective, let's dive into the average estimates of certain Illinois Tool Works metrics that are commonly tracked and forecasted by Wall Street analysts. Based on the collective assessment of analysts, 'Operating Revenues- Test & Measurement and Electronics' should arrive at $708.57 mil ...

The consensus estimate for revenues is pegged at $4.09 billion, up 0.4% from the year-ago quarter's reported figure. The consensus estimate for adjusted earnings is pinned at $2.46 per share, indicating 2.1% growth from the year-ago quarter's reported number. Factors to Note Increased equipment sales, driven by higher demand in Europe and North America, are likely to have driven the Specialty Products segment's growth. Also, strong momentum in the ground support equipment and consumer packaging businesses a ...

Zacks Consensus Estimate Revenues are expected to be $4.09 billion, up 0.4% from the year-ago quarter. Earnings Whisper A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. How Have the Numbers Shaped Up for Illinois Tool Works? O ...

GLENVIEW, Ill., July 12, 2024 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) will issue its second quarter 2024 results on Tuesday, July 30, 2024 at 7:00 a.m. CDT. Following the release, ITW will hold its second quarter 2024 earnings webcast at 9:00 a.m. CDT. To access the webcast for the event, please click on the following link: ITW Q2 2024 Earnings Webcast Following the webcast, presentation materials and an audio webcast replay will be available at http://investor.itw.com. An audio-only replay ...

GLENVIEW, Ill., July 12, 2024 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) will issue its second quarter 2024 results on Tuesday, July 30, 2024 at 7:00 a.m. CDT. Following the release, ITW will hold its second quarter 2024 earnings webcast at 9:00 a.m. CDT. To access the webcast for the event, please click on the following link: ITW Q2 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 to ...

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In the past month, the Zacks Rank #3 (Hold) company has lost 4.6% compared with the industry's 6.7% decline. However, softness in the consumer electronics and semiconductor end markets is affecting revenues at Illinois Tool's Test & Measurement and Electronics segment (revenues down 0.9% year over year in the first quarter). Also, lower demand in North America and Asia Pacific is affecting the segment's electronics assembly businesses. ITW's focus on cost management and enterprise initiatives has been suppo ...

Illinois Tool Works in Focus ITW is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2024 is $10.22 per share, with earnings expected to increase 4.50% from the year ago period. Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. During periods of rising interest rates, income investors must be mindful that high-yie ...

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