Illinois Tool Works

Illinois Tool Works (ITW) Surpasses Q4 Earnings and Revenue Estimates

Illinois Tool Works (ITW) came out with quarterly earnings of $1.88 per share, beating the Zacks Consensus Estimate of $1.85 per share. This compares to earnings of $1.83 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 1.62%. A quarter ago, it was expected that this equipment manufacturer for the transportation, power, food and construction industries would post earnings of $1.94 per share when it actually produced earnings of $2.04, delivering a surprise of 5.15%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Illinois Tool Works, which belongs to the Zacks Manufacturing - General Industrial industry, posted revenues of $3.47 billion for the quarter ended December 2019, surpassing the Zacks Consensus Estimate by 0.63%. This compares to year-ago revenues of $3.58 billion.


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