Illinois Tool Works (ITW) Tops Q4 EPS by 8c; Boosts Outlook
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ITW Reports Fourth-Quarter and Full-Year 2017 Results
January 24, 2018 8:00 AM ESTFourth-Quarter 2017 Highlights:
Total revenue was $3.6 billion, an increase of 7%; organic growth was 4%Operating margin was 23.4%, an increase of 160 bpsGAAP EPS was $(0.22), including a $658 million one-time tax chargeExcluding the one-time tax charge, EPS was $1.70, an increase of 17%Full-Year 2017 Highlights:
Total revenue was $14.3 billion, an increase of 5%; organic growth was 3%Operating margin was 24.4%, an increase of 190 bpsAfter-tax ROIC was 24.4%, an increase of 230 bpsGAAP EPS was $4.86, including the one-time tax charge and a previously disclosed favorable legal settlementEPS was $6.59 excluding these... More