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

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Go back to Illinois Tool Works (ITW) Tops Q4 EPS by 2c; Reaffirms

ITW Reports Fourth Quarter and Full-Year 2015 Financial Results

January 27, 2016 8:01 AM EST

EPS of $1.23, up 4 percent; up 11 percent excluding (0.08) currency impact; $0.03 above guidance mid-pointOperating margin 20.7 percent; up 110 basis points driven by ITWs Enterprise InitiativesFull-year 2015 EPS $5.13, up 10 percent; up 19 percent excluding currency impactReaffirming full-year 2016 guidance

GLENVIEW, Ill., Jan. 27, 2016 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) today reported fourth quarter 2015 diluted earnings per share (EPS) of $1.23, a 4 percent increase compared to the year-ago period. Operating margin increased 110 basis points to 20.7 percent and organic revenue declined 0.6 percent. The companys... More