UPDATE: Illinois Tool Works (ITW) Tops Q1 EPS by 9c; Raises Outlook

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Go back to UPDATE: Illinois Tool Works (ITW) Tops Q1 EPS by 9c; Raises Outlook

ITW Reports First-Quarter 2017 Results

April 24, 2017 8:00 AM EDT

First-quarter highlights:

GAAP EPS of $1.54, an increase of 19%Total revenue of $3.5 billion, an increase of 6.0%; organic growth of 3.5%Operating margin of 23.3%, an increase of 120 bps and an all-time record for the companyCompany now expects 2017 earnings to be in the range of $6.20 to $6.40 per share with organic growth of 2 to 4%

GLENVIEW, Ill., April 24, 2017 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) today reported its first-quarter 2017 results.

First-quarter GAAP earnings were $1.54... More