Illinois Tool Works (ITW) Tops Q3 EPS by 20c, Raises FY EPS Guidance

Illinois Tool Works (NYSE: ITW) reported Q3 EPS of $1.85, $0.20 better than the analyst estimate of $1.65. Revenue for the quarter came in at $3.62 billion versus the consensus estimate of $3.57 billion.

GUIDANCE:

Illinois Tool Works sees Q4 2017 EPS of $1.55-$1.65, versus the consensus of $1.59.

Illinois Tool Works sees FY2017 EPS of $6.62-$6.72, versus the consensus of $6.46.

The company expects full-year organic revenue growth of 2 to 3% and operating margin of approximately 24.5%.

For earnings history and earnings-related data on Illinois Tool Works (ITW) click here.

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