Illinois Tool Works (ITW) Tops Q1 EPS by 3c, Offers Q2 & FY Guidance

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Go back to Illinois Tool Works (ITW) Tops Q1 EPS by 3c, Offers Q2 & FY Guidance

ITW Reports First Quarter 2016 Financial Results

April 20, 2016 8:02 AM EDT

GAAP EPS of $1.29 up 7 percent, up 10 percent excluding currencyOperating margin of 22.1 percent, up 120 basis points driven by ITWs Enterprise InitiativesOrganic revenue grew 1 percent, 2 percent excluding Product Line SimplificationRaising full-year 2016 guidance by $0.05 at the mid-point

GLENVIEW, Ill., April 20, 2016 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) today reported first quarter 2016 diluted earnings per share (EPS) of $1.29, a 7 percent increase compared to the year-ago period. Operating margin increased 120 basis points to 22.1 percent and organic revenue increased 1 percent.  The... More