Illinois Tool Works (ITW) Tops Q3 EPS by 1c; Raises FY Outlook
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ITW Reports Record Third Quarter 2016 Financial Results
October 20, 2016 8:00 AM EDTGAAP EPS of $1.50 (+8%)Record quarterly operating margin of 23.1% (23.9% excluding EF&C acquisition dilution)Record quarterly operating income of $808 million (+6%)Record after-tax ROIC of 23% (+140 basis points vs. year ago)Total revenue +4%, Organic revenue +2% (including ~1% negative PLS impact) FCF of 101% of net incomeRaising full-year 2016 GAAP EPS guidance mid-point
GLENVIEW, Ill., Oct. 20, 2016 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) today reported third quarter 2016 diluted earnings per share (EPS) of $1.50,... More
