Illinois Tool Works (ITW) Tops Q2 EPS by 5c; Raises Outlook
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ITW Reports Second-Quarter 2017 Results
July 24, 2017 8:00 AM EDTSecond-quarter highlights:
GAAP EPS of $1.69, an increase of 16%Total revenue of $3.6 billion, an increase of 4.9%; organic growth of 2.6%Operating margin of 24.3%, an increase of 120 bps and an all-time record for the companyCompany now expects 2017 earnings to be in the range of $6.32 to $6.52 per shareGLENVIEW, Ill., July 24, 2017 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) today reported its second-quarter 2017 results.
Second-quarter GAAP earnings were $1.69 per share, an increase of 16% versus the second quarter of 2016. Revenue grew 4.9% to $3.6 billion. Organic revenue increased 2.6% while the 2016... More
