Illinois Tool Works (ITW) Tops Q4 EPS by 1c, Reaffirms FY EPS
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ITW Reports Fourth Quarter and Full Year Results
February 1, 2019 8:00 AM ESTFourth-Quarter Highlights
Total revenue $3.6 billion; organic growth +1%; North America +4%Operating margin 24.0%, an increase of 70 bpsGAAP EPS $1.83 vs. 2017 GAAP EPS of $(0.22); Excluding one-time 2017 tax charge of $658 million, EPS increased 8%, +10% excluding $(0.04) currency impactFull-Year Highlights
Total revenue $14.8 billion, an increase of 3%; organic growth +2%Operating margin 24.3%, an increase of 60 bps excluding 2017 legal settlement of $95 millionAfter-tax ROIC 28.2%, an increase of 390 bpsGAAP EPS $7.60, up 56% vs. 2017 GAAP EPS of $4.86; Excluding one-time 2017 tax charge and legal settlement, EPS increased 15%GLENVIEW, Ill., Feb. 01, 2019 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc.... More
