3M Past The Worst, But Management Has More Work To Do Long-Term [Seeking Alpha]
Illinois Tool Works Inc. (ITW)
Last illinois tool works inc. earnings: 1/31 08:00 am
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investor.itw.com
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Source: Seeking Alpha
SummaryIn a quarter where many industrials are beating panic-low estimates, 3M missed at both the top and operating lines, with pronounced weakness in healthcare.3M's leverage to China and end-markets like autos, electronics, general manufacturing, and personal safety should be a real asset in the second half and into 2021.3M shares appear priced for a decent return, and there's greater long-term potential if management launches a more rigorous review of its long-term operational plan.There are still ample unknowns around the shape of the upcoming recovery, but it looks as thoughMMMWhenI last wrote about 3MEatonETNEmersonEMRHoneywellHONITTParker HannifinPHTemporary Expense Cuts Help, But Only Just So MuchUnlike many industrials that managed to outperform drastically reduced estimates, 3M’s performance in the second quarter was not so exceptional as the company missed on both the revenue and operating profit lines. Significantly weaker results in the Health Care segment did most of the
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News
- To gain efficiency and spark growth, Killer Brownie got in the 'Fastlane' [Yahoo! Finance]Yahoo! Finance
- 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
- With 82% institutional ownership, Illinois Tool Works Inc. (NYSE:ITW) is a favorite amongst the big guns [Yahoo! Finance]Yahoo! Finance
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