Illinois Tool Works (NYSE: ITW) reported Q4 EPS of $1.83, $0.01 better than the analyst estimate of $1.82. Revenue for the quarter came in at $3.6 billion versus the consensus estimate of $3.61 billion.

GUIDANCE:

Illinois Tool Works sees Q1 2019 EPS of $1.73-$1.83, versus the consensus of $1.96.

• This incorporates higher estimated restructuring expense of $0.07 per share, foreign currency translation headwind of $0.07 per share and a tax rate in the range of 24.5 to 25.5 percent, which represents a $0.05 per share headwind year-over-year.

The company re-affirmed its full-year EPS guidance in a range of $7.90 to $8.20 per share. Organic growth is expected to be in the range of one to three percent based on current run rates. Operating margin is expected to improve by approximately 100 basis points with enterprise initiatives contributing 100 basis points. Free cash flow is expected to be at or above 100 percent of net income. The company expects to repurchase approximately $1.5 billion of its shares in 2019.

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