Illinois Tool Works (ITW) Tops Q2 EPS by 16c; Maintains Outlook
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ITW Reports Second Quarter 2022 Results
August 2, 2022 8:00 AM EDTTotal revenue of $4.0 billion; organic growth of 10%GAAP EPS of $2.37 included $(0.15) of EPS headwind from foreign currency translation impact and higher restructuring expensesOperating margin of 23.1% included 200 bps of operating leverage offset by (160) bps of price/cost impact and (100) bps of headwind from the MTS acquisition and higher restructuring expensesMaintaining full-year 2022 guidance including organic revenue growth of 7% to 10% and record GAAP EPS of $9.00 to $9.40 per share
GLENVIEW, Ill., Aug. 02, 2022 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc.... More
