Illinois Tool Works (ITW) Reports In-Line Q2 EPS, Offers Q3 and FY Guidance
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ITW Delivers $1.97 Earnings per Share, up 17%
July 23, 2018 8:00 AM EDTTotal revenue was $3.8 billion, an increase of 7%; organic growth was 4%Operating margin was 24.3%, an increase of 10 bps, 50 bps excluding 2017 legal settlementOperating income was up 7% to $932 million, up 9% excluding the legal settlementFull year guidance adjusted to reflect impact of currency translation in the second half 2018 based on current exchange rates. Expect EPS in the range of $7.50 to $7.70 per share, up 15% versus prior year at the midpoint
GLENVIEW, Ill., July 23, 2018 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) today reported second quarter 2018 GAAP earnings of $1.97 per... More
