Illinois Tool Works: Q2 Earnings Insights

Illinois Tool Works: Q2 Earnings Insights

 

Illinois Tool Works ITW reported its Q2 earnings results on Tuesday, August 2, 2022 at 08:00 AM.

Here's what investors need to know about the announcement.

Earnings

Illinois Tool Works reported in-line EPS of $2.21 versus an estimate of $2.21.

Revenue was up $335.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.05 which was followed by a 4.31% increase in the share price the next day.

Here's a look at Illinois Tool Works's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 2.06 1.90 2.01 2.05
EPS Actual 2.11 1.95 1.96 2.10
Revenue Estimate 3.75B 3.55B 3.56B 3.54B
Revenue Actual 3.94B 3.68B 3.56B 3.68B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Illinois Tool Works management provided guidance for FY 2022, expecting earnings between $9.0 and $9.4 per share.

To track all earnings releases for Illinois Tool Works visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarningsNews