Is the Food Equipment Sector Set to Bounce in 2018? [The Motley Fool]
Illinois Tool Works Inc. (ITW)
Last illinois tool works inc. earnings: 1/31 08:00 am
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Source: The Motley Fool
After a difficult 2017, there are early signs of a recovery in 2018. Here's the lowdown. Last year was one to forget for the commercial food equipment industry in the U.S. Earnings reports from multi-industrial companies like Illinois Tool Works and Dover Corp contained references to the softness in sales in 2017, while the message from pure-play food equipment companies like Wellbilt Inc . and The Middleby Corporation was pretty much the same. Is it part of a reversal of a trend, or merely a blip that's creating a buying opportunity in the sector, especially in a stock like Middleby, which has risen recently on hopes of a turnaround? Let's take a closer look. Fast casual dining growth has slowed in recent years. Image source: Getty Images. Trend reversal According to data from the Commerce Department, April 2015 marked the date when U.S. consumers started spending more in restaurants and bars then they did in grocery stores. Data source: Departme
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- Down -5.68% in 4 Weeks, Here's Why You Should You Buy the Dip in Illinois Tool Works (ITW) [Yahoo! Finance]Yahoo! Finance
- Chemical Anchors Market Size is expected to reach USD 1,592.88 million by 2031, growing at a CAGR of 4.10%: Straits Research [Yahoo! Finance]Yahoo! Finance
- ITW Schedules First Quarter 2024 Earnings WebcastGlobeNewswire
ITW
Earnings
- 2/1/24 - Beat
ITW
Sec Filings
- 3/25/24 - Form DEFA14A
- 3/22/24 - Form DEFA14A
- 3/22/24 - Form DEF
- ITW's page on the SEC website