ITW Reports Second Quarter 2019 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/22/2026
- S&P 500, Nasdaq fall, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- CoreWeave trains DeepSeek-V3 in two minutes in MLPerf benchmark
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Spain's ex-transport minister sentenced to 24 years for corruption
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
Illinois Tool Works (ITW) Tops Q2 EPS by 3c, Revenues Miss; Offers FY19 EPS Guidance Below Consensus
July 26, 2019 8:02 AM EDTIllinois Tool Works (NYSE: ITW) reported Q2 EPS of $2.00, $0.03 better than the analyst estimate of $1.97. Revenue for the quarter came in at $3.6 billion versus the consensus estimate of $3.73 billion.
In the second quarter, we experienced a deceleration in demand across our portfolio relative to the demand levels we were seeing exiting the first quarter. On a sequential basis, second quarter organic revenue declined approximately two percentage points versus first quarter run rates, said E. Scott Santi, Chairman and Chief Executive Officer.
In this more challenging demand environment, the ITW team executed... More
