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Shares of Illinois Tool Works (NYSE:ITW) moved higher by 0.7% in pre-market trading after the company reported Q4 results.
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Quarterly Results
Earnings per share increased 7.45% year over year to $2.02, which beat the estimate of $1.79.
Revenue of $3,475,000,000 rose by 0.17% from the same period last year, which beat the estimate of $3,330,000,000.
Guidance
Illinois Tool Works sees FY21 GAAP EPS of $7.60-$8.00.
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How To Listen To The Conference Call
Date: Feb 05, 2021
Time: 11:00 AM
Recent Stock Performance
52-week high: $224.69
Company's 52-week low was at $115.94
Price action over last quarter: down 0.71%
Company Description
Illinois Tool Works is a diversified global manufacturer that produces specialized industrial equipment, consumables, and related services. The firm operates 87 global divisions through seven distinct operating segments: automotive OEM, construction products, food equipment, specialty products, test/measurement and electronics, polymers and fluids, and welding. About half of its revenue comes from its operations in North America, with the remainder originating from international markets. ITW takes a bottom-up and decentralized approach to portfolio management, with the exception that each segment must apply its 80/20 operating process modeled on the Pareto principle.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.