Categories Earnings, Industrials

Illinois Tool Works (ITW) Q3 2019 Earnings Snapshot

— Illinois Tool Works’ (NYSE: ITW) third quarter 2019 GAAP earnings rose 7% year-over-year to $2.04 per share.

— Revenue decreased 3.5% to $3.50 billion vs. $3.54 billion expected.

— The company reaffirmed full-year 2019 GAAP EPS guidance of $7.55 to $7.85.

— FY19 organic revenue is expected to decline 1% to 3%.

— ITW shares were up about 3% in the pre-market trading session.

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