Illinois Tool Works (ITW) Tops Q3 EPS by 10c

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Go back to Illinois Tool Works (ITW) Tops Q3 EPS by 10c

ITW Reports Third Quarter 2022 Results

October 25, 2022 8:00 AM EDT

Revenue of $4.0 billion; an increase of 13% with organic growth of 16%GAAP EPS of $2.35, an increase of 16%Record operating income of $983 million, an increase of 16%Operating margin of 24.5%, an increase of 70 bps; operating margin of 25.1% excluding (60) bps of margin dilution from the acquisition of MTS. Enterprise initiatives contributed 110 bps.Raising full-year GAAP EPS guidance to $9.45 to $9.55 per share and organic revenue growth guidance to 11 to 12%

GLENVIEW, Ill., Oct. 25, 2022 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc.... More