Recap: Illinois Tool Works Q2 Earnings

 

Shares of Illinois Tool Works ITW were unchanged after the company reported Q2 results.

Quarterly Results

Earnings per share rose 142.57% year over year to $2.45, which beat the estimate of $2.05.

Revenue of $3,676,000,000 rose by 43.37% year over year, which beat the estimate of $3,540,000,000.

Looking Ahead

Illinois Tool Works raised FY21 EPS guidance from $8.20-$8.60 to $8.55-$8.95.

Details Of The Call

Date: Jul 30, 2021

Time: 10:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fpro.benzinga.com%2F&eventid=3192268&sessionid=1&key=EBA1FBEB7F4D9CCC17F2088872411796&regTag=&V2=false&sourcepage=register

Price Action

52-week high: $242.06

52-week low: $182.54

Price action over last quarter: down 2.21%

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!