Illinois Tool Works (ITW) Tops Q2 EPS by 6c; Boosts FY16 EPS Outlook
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ITW Reports Record Second Quarter 2016 Financial Results
July 20, 2016 8:02 AM EDTGAAP EPS of $1.46 +12%, $0.07 above guidance mid-pointRecord quarterly performance for operating margin (23.1%), operating income ($792 million), and after-tax ROIC (22.9%)Organic revenue +1%, +2% excluding Product Line SimplificationRaising full-year 2016 GAAP EPS guidance by $0.10
GLENVIEW, Ill., July 20, 2016 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) today reported second quarter 2016 diluted earnings per share (EPS) of $1.46, a 12% increase compared to the year-ago period. Operating margin increased 180 basis points to 23.1%, operating income of $792 million was up 8%, and after-tax return on invested capital increased by... More
