Illinois Tool Works (ITW) Tops Q1 EPS by 21c, Revenues Beat; Raises FY21 EPS Guidance Above Consensus

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Go back to Illinois Tool Works (ITW) Tops Q1 EPS by 21c, Revenues Beat; Raises FY21 EPS Guidance Above Consensus

ITW Reports Record First Quarter 2021 Results

April 30, 2021 8:00 AM EDT

Total revenue of $3.5 billion, an increase of 10%Organic growth of 6%, 8% on an equal days basisRecord Q1 financial performance: Operating income of $905 million, an increase of 19%Operating margin of 25.5%, an increase of 190 basis pointsGAAP EPS of $2.11, an increase of 19%After-tax ROIC of 32.1% Raising full year GAAP EPS guidance by $0.60 to a range of $8.20 to $8.60 per share... More