Illinois Tool Works (ITW) Tops Q1 EPS by 10c; raises guidance

Illinois Tool Works (NYSE: ITW) reported Q1 EPS of $2.33, $0.10 better than the analyst estimate of $2.23. Revenue for the quarter came in at $4 billion versus the consensus estimate of $3.98 billion.

GUIDANCE:

Illinois Tool Works sees FY2023 EPS of $9.45-$9.85, versus the consensus of $9.59.

Sees revenue growth 2-4%, up from 1.5-3.5%.

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

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