Illinois Tool Works (ITW) Tops Q4 EPS by 23c, Revenues Beat; Offers FY21 EPS Mid-Point Guidance Above Consensus
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ITW Reports Fourth Quarter and Full Year 2020 Results
February 5, 2021 8:00 AM ESTProvides 2021 Guidance Including EPS Growth of 18% at the Mid-point
Fourth-Quarter 2020 Highlights
Total revenue of $3.5 billion, an increase of 5% versus Q3 2020Record Q4 operating income of $883 million, an increase of 7% year-over-yearRecord Q4 operating margin of 25.4% as enterprise initiatives contributed 130 basis pointsGAAP EPS of $2.02, an increase of 2%, or 7% excluding $0.11 of divestiture gains in Q4 2019Record Q4 after-tax ROIC of 32.0%, an increase of 310 basis pointsStrong free cash flow of $705... More