Illinois Tool Works Inc. (ITW) is a worldwide manufacturer of highly engineered products and specialty systems. The company’s diversified range of industrial products and equipment are sold in 57 countries. It currently has a $39.9 billion market capitalization.
However, this industrial tool maker faces risks from geopolitical issues and a competitive business environment. Also, uncertain economic conditions or depressed industrial activities as well as adverse foreign currency movements can severely impact its financials. Investors are eagerly waiting for the company’s latest earnings report.
Illinois Tool Works delivered better-than-expected results in the last four trailing quarters, with a positive average earnings surprise of 1.95%. However, earnings estimate on the company has decreased over the last few days.
Currently, Illinois Tool Works has a Zacks Rank #3 (Hold), but that could definitely change after the release of its upcoming earnings report. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Illinois Tool Works’ earnings came in at $1.46 per share in second-quarter of 2016. The bottom line result surpassed the Zacks Consensus Estimate of $1.40 per share.
Revenue: Revenues surpassed. Illinois Tool Works generated revenues of $3.43 billion, above the Zacks Consensus Estimate of $3.40 billion.
Key Stats to Note: Illinois Tool Works’ operating margin in the second quarter grew 180 basis points (bps) year over year to 23.1%. Enterprise initiatives added 120 bps to operating margin growth. The company increased its 2016 earnings guidance to $5.50−$5.70 per share, up 10 cents from the previous forecast. Organic revenue is expected to be within 1−2% range versus the previous range of 1−3%.
Stock Price: Illinois Tool Works shares were up 0.41% ahead of the report.
Check back our full write up on this ITW earnings report later!
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Illinois Tool Works (ITW) Beat Q2 Earnings & Revenues
Illinois Tool Works Inc. (ITW) is a worldwide manufacturer of highly engineered products and specialty systems. The company’s diversified range of industrial products and equipment are sold in 57 countries. It currently has a $39.9 billion market capitalization.
However, this industrial tool maker faces risks from geopolitical issues and a competitive business environment. Also, uncertain economic conditions or depressed industrial activities as well as adverse foreign currency movements can severely impact its financials. Investors are eagerly waiting for the company’s latest earnings report.
Illinois Tool Works delivered better-than-expected results in the last four trailing quarters, with a positive average earnings surprise of 1.95%. However, earnings estimate on the company has decreased over the last few days.
ILL TOOL WORKS Price and EPS Surprise
ILL TOOL WORKS Price and EPS Surprise | ILL TOOL WORKS Quote
Currently, Illinois Tool Works has a Zacks Rank #3 (Hold), but that could definitely change after the release of its upcoming earnings report. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Illinois Tool Works’ earnings came in at $1.46 per share in second-quarter of 2016. The bottom line result surpassed the Zacks Consensus Estimate of $1.40 per share.
Revenue: Revenues surpassed. Illinois Tool Works generated revenues of $3.43 billion, above the Zacks Consensus Estimate of $3.40 billion.
Key Stats to Note: Illinois Tool Works’ operating margin in the second quarter grew 180 basis points (bps) year over year to 23.1%. Enterprise initiatives added 120 bps to operating margin growth. The company increased its 2016 earnings guidance to $5.50−$5.70 per share, up 10 cents from the previous forecast. Organic revenue is expected to be within 1−2% range versus the previous range of 1−3%.
Stock Price: Illinois Tool Works shares were up 0.41% ahead of the report.
Check back our full write up on this ITW earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>