Illinois Tool Works (ITW) Tops Q1 EPS by 6c
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ITW Reports First Quarter 2020 Results
May 5, 2020 8:00 AM EDTGAAP EPS of $1.77, a decrease of 2%Operating margin of 23.6%Free cash flow was 98% of net incomeStrong financial position and balance sheet with $1.4 billion of cash on hand, essentially no short-term debt, and a revolving credit facility in place that could provide additional liquidity of $2.5 billionDue to uncertainties regarding the duration and severity of the COVID-19 pandemic, ITW is suspending previously announced annual guidance for 2020
GLENVIEW, Ill., May 05, 2020... More
