Illinois Tool Works (ITW) Tops Q4 EPS by 2c, Reaffirms Guidance

Illinois Tool Works (NYSE: ITW) reported Q4 EPS of $1.39, $0.02 better than the analyst estimate of $1.37. Revenue for the quarter came in at $3.39 billion versus the consensus estimate of $3.41 billion.

Full-Year and First Quarter 2017 GuidanceITW is reaffirming its 2017 full-year performance expectations. The company expects 2017 earnings to be in the range of $6.00 to $6.20 per share with organic growth of 1.5 to 3.5%. ITW also expects operating margin to exceed 23.5% and free cash flow conversion to exceed 100% for the full-year.

The company expects first quarter 2017 earnings to be in the range of $1.39 to $1.49 per share with organic growth of 1 to 2%. The company expects operating margin to exceed 22.5%.

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

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