Fourth Quarter 2024 Highlights Revenue of $3.9 billion, a decrease of 1.3% as organic growth declined 0.5%; Organic growth of 0.4% turned positive excluding Product Line Simplification (PLS) reduction of 0.9%Record operating margin of 26.2%, an increase of 140 bps as enterprise initiatives contributed 120 bpsOperating cash flow of $1.1B; record free cash flow of $1B, an increase of 10% with a conversion of 133%GAAP EPS of $2.54, an increase of 7% 2024 Highlights Revenue of $15.9 billion, a decrease of 1.3% ...

Wall Street analysts forecast that Illinois Tool Works (ITW) will report quarterly earnings of $2.50 per share in its upcoming release, pointing to a year-over-year increase of 3.3%. It is anticipated that revenues will amount to $4.01 billion, exhibiting an increase of 0.6% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 0.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have rea ...

Illinois Tool Works Inc. (ITW) is scheduled to release fourth-quarter 2024 results on Feb. 5, before market open.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for fourth-quarter earnings has remained steady in the past 60 days. The company has an impressive earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters. The average surprise was 3.3%.The consensus estimate for revenues is pegged at $4 billio ...

Illinois Tool Works Inc. (ITW) has failed to impress investors with its recent operational performance due to softness in the Test & Measurement, Welding and Construction Products segments. Also, widespread operation exposes it to forex woes.Based in Glenview, IL, Illinois Tool is a worldwide manufacturer of highly engineered products and specialty systems. The company's diversified range of industrial products and equipment is sold in multiple countries.In the past year, this Zacks Rank #4 (Sell) company’s ...

Equity markets have been bouncing all over the place to kick off the new year. Some folks may be concerned that valuations are stretched thin after back-to-back years of over 20% gains in the S&P 500 in 2023 and 2024.If you're in that camp, it's important not to overhaul your investment strategy on a hunch. Still, you can ensure you are invested in companies and exchange-traded funds (ETFs) that can endure a sell-off and maintain or even raise their dividends.Here's why these three Motley Fool contributors ...

GLENVIEW, Ill., Jan. 13, 2025 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) will issue its fourth quarter and full year 2024 results on Wednesday, February 5, 2025 at 7:00 a.m. CST. Following the release, ITW will hold its fourth quarter and full year 2024 earnings webcast at 9:00 a.m. CST. To access the webcast for the event, please click on the following link:ITW Q4 2024 Earnings Webcast If you are a participant on the conference call, please dial 1-888-660-6652 (domestic) or 1-646-960-0554 (in ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Illinois Tool Works (ITW) , which belongs to the Zacks Manufacturing - General Industrial industry.When looking at the last two reports, this equipment manufacturer for the transportation, power, food and construction industries has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 4.21%, on average, in the last tw ...

Illinois Tool Works Inc. (ITW) has been benefiting from strength in the Automotive Original Equipment Manufacturer segment, supported by the electric vehicles market. Organic revenues from the segment inched up 0.3% in the first nine months of 2024. The company is benefiting from strength in the Specialty Products segment, driven by strong momentum in the ground support equipment, specialty films and consumer packaging businesses and increasing demand in the appliance business. Organic revenues from the seg ...

Illinois Tool Works Inc. (NYSE: ITW ) has good growth prospects, driven by its efficient use of R&D towards creating tailored solutions for its customers through its Customer-Back Innovation (CBI) initiative. In addition to gaining market share and helping volumes, CBI shouldI have over 15 years of experience investing and have provided research services to mid-sized hedge funds with assets under management between $100 and $500 million. I also have had a brief stint as a sell-side analyst. I am now focusin ...

Illinois Tool Works Inc. (ITW) is poised to gain from positive momentum in the Automotive Original Equipment Manufacturer (OEM) segment, driven by the electric vehicles market and higher content in the Chinese OEM market. The company is also benefiting from strength in the Specialty Products segment. The segment is being driven by strong momentum in the ground support equipment, specialty films and consumer packaging businesses and increasing demand in the appliance business. Growth in the institutional end ...