Back to top

Image: Bigstock

Illinois Tool Works Inc.

Read MoreHide Full Article

Illinois Tool Works' fourth-quarter 2015 earnings of $1.23 per share surpassed the Zacks Consensus Estimate of $1.21 and came ahead of the year-ago tally of $1.18. Revenues, however, declined 6.5% due to a 0.6% fall in organic revenues and 5.8% negative impact from foreign currency movements. For 2016, the company anticipates earnings within $5.35-$5.55 per share, up 6% or 10% excluding forex losses. Going forward, the company's organic growth tactics, its long-term Enterprise Strategy and sound capital allocation schemes will likely prove beneficial. Also, acquisition of EF&C business will boost the company's product offerings under its Automotive OEM segment and help generate return on invested capital of 16-20% by year 7.


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Illinois Tool Works Inc. (ITW) - free report >>

Published in