Categories Earnings, Industrials, LATEST

Illinois Tool Works (ITW): Q4 2019 Earnings Snapshot

— Illinois Tool Works Inc. (NYSE: ITW) reported Q4 2019 earnings of $1.99 per share, vs. $1.85 expected.

— Revenue declined 3.1% to $3.5 billion, vs. $3.46 billion expected.

— Revenues in Automotive OEM were $725 million.

— Revenues in Food Equipment were $571 million.

— Revenues in Test & Measurement and Electronics were $552 million.

— Revenues in Welding were $387 million.

— Revenues in Polymers and Fluids were $408 million.

— Revenues in Construction Products were $384 million.

— Revenues in Specialty Products were $446 million.

— FY2020 EPS is expected to be $7.65-8.05.

— ITW shares gained 1.7% immediately following the announcement.

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