Illinois Tool Works Inc. (ITW) manufactures and markets a variety of products that are used worldwide. The company’s products are found in cars, wind turbines, deep-sea rigs, healthcare, aerospace technology, food equipment, mobile devices, and many other items that you use on a daily basis. ITW is a well-diversified company who has been a world leader in innovation for decades. The company generates just over 50% of their revenues in the United States, and has operations around the world.
Recent Earnings Report
Illinois Tool Works, who currently carries a Zacks Rank #2 (Buy) announced earnings last Monday where they easily beat both the Zacks consensus earnings and revenue estimates. Moreover, management increased their FY 2017 EPS outlook by $ 0.25 (+16% year over year growth), and raised their 2017 revenue guidance by $ 100 million to $ 14.3 billion (+5.2% year over year growth). Overall, the company saw increasing revenues, improving margins, organic growth, and EPS expansion during their most recent quarterly report.
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Submitted October 31, 2017 at 11:09AM by KADUCEJ http://ift.tt/2iiy6hQ
