Illinois Tool Works: Q1 Earnings Insights

 

Shares of Illinois Tool Works ITW moved higher by 0.1% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share rose 19.21% year over year to $2.11, which beat the estimate of $1.90.

Revenue of $3,544,000,000 higher by 9.79% year over year, which beat the estimate of $3,440,000,000.

Outlook

The upcoming fiscal year's EPS expected to be between $8.20 and $8.60.

The upcoming fiscal year's revenue expected to be between $14,082,880,000 and $14,334,360,000.

Details Of The Call

Date: Apr 30, 2021

Time: 10:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=&eventid=3081897&sessionid=1&key=7EC983F276554008D48F60F88FA4F0E3&regTag=&V2=false&sourcepage=register

Recent Stock Performance

52-week high: $232.29

Company's 52-week low was at $148.66

Price action over last quarter: Up 12.99%

Company Description

Illinois Tool Works is a diversified global manufacturer that produces specialized industrial equipment, consumables, and related services. The firm operates 87 global divisions through seven distinct operating segments: automotive OEM, construction products, food equipment, specialty products, test/measurement and electronics, polymers and fluids, and welding. About half of its revenue comes from its operations in North America, with the remainder originating from international markets. ITW takes a bottom-up and decentralized approach to portfolio management, with the exception that each segment must apply its 80/20 operating process modeled on the Pareto principle.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsBZI-Recaps
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!