Illinois Tool Works Reports Third Quarter Results

Earnings
Illinois Tool Works (NYSE: ITW) reported third quarter EPS of $2.65, surpassing the analyst estimate of $2.51 by $0.14. Revenue for the quarter totaled $4B, slightly below the consensus estimate of $4.02B.

Guidance

Illinois Tool Works projects FY 2024 EPS of $11.63-$11.73, compared to the analyst consensus of $10.17.

Stock Performance

The stock price closed at $256.04, having risen 5.00% over the past three months and 14.24% over the past year. In the last 90 days, there has been 1 positive EPS revision and 10 negative revisions.

Financial Health

According to InvestingPro, Illinois Tool Works's financial health score is rated as "good performance".

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