Reports Q1 revenue $4.02B, consensus $4.01B. “ITW delivered a solid start to the year, marked by five percent revenue growth, margin expansion of 60 basis points to 25.4 percent, and a 12 percent increase in GAAP earnings per share to $2.66. Positive demand trends continued in our capex-related segments, led by Welding and Test & Measurement and Electronics, which delivered organic growth of six percent and five percent, respectively, this quarter,” said Christopher A. O’Herlihy, President and Chief Executive Officer.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ITW:
- ITW Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Illinois Tool Works price target lowered to $303 from $327 at JPMorgan
- Illinois Tool Works price target lowered to $245 from $270 at Wells Fargo
- Illinois Tool Works price target lowered to $250 from $275 at Barclays
- AI Daily: OpenAI said to work on alternative to GitHub