Illinois Tool (ITW) Gains From Business Strength, Risks Remain [Yahoo! Finance]
Illinois Tool Works Inc. (ITW)
Last illinois tool works inc. earnings: 1/31 08:00 am
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Source: Yahoo! Finance
Strong market share and penetration gains in the rapidly growing electric vehicle markets are boosting revenues in the Automotive Original Equipment Manufacturer segment. The company's Food Equipment segment is being aided by growth in the institutional, retail and service end markets. Driven by strength across its businesses, the company expects organic revenues to increase 1-3% and total revenues to rise 2-4% from the year-ago reported figure. The company's focus on cost management and enterprise initiatives are supporting its margin performance. For instance, its cost of sales declined 1.2% year over year in 2023. Also, in the year, the operating margin of 25.1% increased 130 basis points due to the contribution of enterprise initiatives. Management expects the operating margin in the range of 25.5–26.5% for 2024 compared with 25.1% in 2023. Enterprise initiatives are expected to contribute 100 basis points to the operating margin in 2024. ITW remains committed on rewarding its
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ITW
News
- Illinois Tool (ITW) to Report Q1 Earnings: What to Expect? [Yahoo! Finance]Yahoo! Finance
- Illinois Tool Works (ITW) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates [Yahoo! Finance]Yahoo! Finance
- Estimating The Intrinsic Value Of Illinois Tool Works Inc. (NYSE:ITW) [Yahoo! Finance]Yahoo! Finance
- 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
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