Skip to main content

Market Overview

Illinois Tool Works: Q4 Earnings Insights

Share:

Shares of Illinois Tool Works (NYSE: ITW) decreased 0.17% to $177.64 after the company reported Q4 results.

Quarterly Results

  • Earnings per share increased 2.73% over the past year to $1.88, which beat the estimate of $1.85.
  • Revenue of $3,469,000,000 lower by 3.10% year over year, which beat the estimate of $3,460,000,000.

Outlook

  • Q1 EPS expected to be between $7.65 and $7.98, versus the analyst estimate of $7.98.
  • Q1 revenue expected to be between $13,800,000,000 and $14,100,000,000, versus the analyst estimate of $14,150,000,000.

Details Of The Call

Technicals

  • 52-week high: $182.34
  • 52-week low: $130.00
  • Price action over last quarter: Up 5.77%

Company Profile

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.

 

Related Articles (ITW)

View Comments and Join the Discussion!

Posted-In: Earnings News Guidance

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com