Illinois Tool Works (ITW) Reports In-Line Q4 Revenue, Offers FY Guidance
Get Alerts ITW Hot Sheet
Price: $248.16 -1.43%
Revenue Growth %: +0.8%
Financial Fact:
Interest expense: -58M
Today's EPS Names:
FRSB, DGICA, UXIN, More
Revenue Growth %: +0.8%
Financial Fact:
Interest expense: -58M
Today's EPS Names:
FRSB, DGICA, UXIN, More
Join SI Premium – FREE
Illinois Tool Works (NYSE: ITW) reported Q4 EPS of $1.99, may not compare to the analyst estimate of $1.85. Revenue for the quarter came in at $3.47 billion versus the consensus estimate of $3.46 billion.
- GAAP EPS $1.99, an increase of 9%, including $0.11 of divestiture gains
GUIDANCE:
Illinois Tool Works sees FY2020 EPS of $7.65-$8.05, versus the consensus of $7.98.
- The company initiated full-year EPS guidance in a range of $7.65 to $8.05 per share. At current levels of demand, organic growth is forecast to be in the range of zero to two percent. Foreign currency translation and divestitures are projected to reduce revenues by one percentage point each. PLS impact is forecast to moderate to approximately 50 basis points. Operating margin is expected to improve and be in a range of 24.5 to 25 percent, with enterprise initiatives contributing approximately 100 basis points. Free cash flow is expected to be greater than 100 percent of net income. The Company expects an effective tax rate in the range of 23.5 to 24.5 percent and plans to repurchase approximately $2 billion of its shares in 2020.
For earnings history and earnings-related data on Illinois Tool Works (ITW) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Gilead Sciences (GILD) Misses Q1 EPS by 288c
- USCB Financial Holdings, Inc. (USCB) Tops Q1 EPS by 2c
- ResMed (RMD) Tops Q3 EPS by 20c
Create E-mail Alert Related Categories
Earnings, GuidanceRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!