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Illinois Tool Works (ITW)
NYSE:ITW
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Earnings Data
Report Date
Jan 31, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.5Last Year’s EPS
$2.38Same Quarter Last Year
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 1.09%
|Next Earnings Date:Jan 31, 2025
Earnings Call Sentiment|Positive
While ITW faced challenges in organic revenue growth, particularly in automotive and construction markets, the company demonstrated strong operating margin performance, EPS growth, and effective capital allocation through dividend increases and share buybacks. The successful execution of divestitures and segment-specific growth, particularly in Specialty Products, contributed to a positive sentiment overall.Company Guidance
During the ITW Q3 2024 earnings call, the company provided updated guidance for the full year. ITW raised its GAAP EPS guidance by $1.33, adjusting it to a range of $11.63 to $11.73, incorporating gains from a divestiture and a lower projected tax rate. Despite a challenging demand environment, ITW maintained its operational guidance for revenue to remain approximately flat, with operating margins projected between 26.5% and 27%. The company demonstrated strong operational execution, achieving an operating income of $1.05 billion and an operating margin of 26.5%, including a 130 basis point contribution from enterprise initiatives. ITW also continued its long-term commitment to returning surplus capital to shareholders, repurchasing over $1.1 billion of shares year-to-date and raising its dividend by 7%.Strong Operating Margin Performance
Third quarter operating margin was 26.5%, with six of seven segments expanding margins, contributing to a 130 basis point improvement from enterprise initiatives.
EPS Growth
EPS grew 4% to $2.65, excluding gains from divestitures, demonstrating strong financial performance in a challenging market.
Record Dividend Increase and Share Buybacks
ITW announced its 61st consecutive dividend increase by 7% and has repurchased over $1.1 billion of its own shares year-to-date.
Successful Divestiture
The sale of noncontrolling equity interest resulted in a $363 million pretax gain, contributing $1.26 to GAAP EPS.
Specialty Products Segment Growth
Specialty Products saw organic revenue growth of 6%, with significant margin expansion of 330 basis points to 31.1%.
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ITW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ITW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $256.04 | $264.33 | +3.24% |
| Jul 30, 2024 | $246.61 | $247.92 | +0.53% |
| Apr 30, 2024 | $246.36 | $241.29 | -2.06% |
| Feb 01, 2024 | $256.53 | $251.27 | -2.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Illinois Tool Works (ITW) report earnings?
Illinois Tool Works (ITW) is schdueled to report earning on Jan 31, 2025, TBA Not Confirmed.
What is Illinois Tool Works (ITW) earnings time?
Illinois Tool Works (ITW) earnings time is at Jan 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ITW EPS forecast?
ITW EPS forecast for the fiscal quarter 2024 (Q4) is $2.5.
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