Illinois Tool Works (ITW) Tops Q1 EPS by 4c
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ITW Reports First Quarter 2022 Results
May 3, 2022 8:00 AM EDTTotal revenue of $3.9 billion; organic growth of 11%GAAP EPS of $2.11 including $(0.05) of unfavorable foreign currency translation impactOperating margin of 22.7%; 23.4% excluding 70 bps of margin dilution from the acquisition of MTSRaising guidance for GAAP EPS to $9.00 to $9.40 per share and organic revenue growth to 7 to 10%
GLENVIEW, Ill., May 03, 2022 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) today reported its first quarter 2022 results.
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