earnings
confidence high
sentiment positive
materiality 0.75
ITW Q3 revenue $4.0B (+13%), EPS $2.35 (+16%); raises full-year guidance
ILLINOIS TOOL WORKS INC
2022-Q3 EPS reported
$6.83
revenue$11,961,000,000
- Revenue $4.0B, +13% YoY; organic growth 16% with five of seven segments double-digit.
- GAAP EPS $2.35, +16%; operating margin 24.5% (25.1% ex-MTS), +130 bps base business.
- Raising full-year GAAP EPS guidance to $9.45-$9.55 (from $9.00-$9.40) and organic growth to 11-12%.
- Closed sale of Polymers & Fluids division for ~$220M; expected Q4 EPS gain of $0.45.
- Repurchased $500M in Q3; dividend raised 7% to $5.24/share annualized.