Illinois Tool's Q3 Earnings Surpass Estimates, Revenues Miss

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 ...