Illinois Tool Works Q3 Earnings Miss Estimates, Lowers Guidance Due To Ongoing Automotive Industry Labor Actions

Illinois Tool Works Q3 Earnings Miss Estimates, Lowers Guidance Due To Ongoing Automotive Industry Labor Actions

Grand News Network / October 24, 2023 5:15 PM

Illinois Tool Works Inc. (NYSE: ITW) reported third-quarter FY23 revenue growth of 0.5% year-over-year to $4.031 billion, missing the consensus of $4.09 billion.

The operating income increased 9% Y/Y to $1.1 billion, and the operating margin was 26.5%, an increase of 200 bps.

GAAP EPS totaled $2.55, beating the consensus of $2.46.

ITW's operating cash flow was $982 million, and free cash flow ...

Full story available on Benzinga.com


Disclaimer: The views, recommendations, and opinions expressed in this content belong solely to the third-party experts. This site was not involved in the writing and production of this article.


Disclaimer Press Release Banner

Market Details

Copyright © 2024 | All rights reserved