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Stock impact report

Illinois Tool (ITW) Q4 Earnings Beat Estimates, Revenues Miss [Yahoo! Finance]

Illinois Tool Works Inc. (ITW) 
Last illinois tool works inc. earnings: 1/31 08:00 am Check Earnings Report
US:NYSE Investor Relations: investor.itw.com
Company Research Source: Yahoo! Finance
ITW reported fourth-quarter 2023 adjusted earnings of $2.42 per share, which surpassed the Zacks Consensus Estimate of $2.40. Earnings increased 3.4% year over year. The company's revenues of $3,983 million missed the consensus estimate of $4,009 million. The top line inched up 0.3% year over year due to a favorable foreign currency translation of 1.2%. However, organic sales decreased 0.5% and divestitures reduced revenues by 0.4%. Segmental Performance Test & Measurement and Electronics' revenues were down 0.3% year over year to $731 million. Our estimate for segmental revenues was $728.7 million. Revenues from Automotive Original Equipment Manufacturer increased 9.4% to $814 million. Our estimate for segmental revenues was $758.4 million. Food Equipment generated revenues of $655 million, increasing 3.9% year over year. Our estimate for segmental revenues was $663.0 million. Welding revenues were $451 million, down 6.3% year over year. Our estimate for segmental revenues wa Show less Read more
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