ITW - Why Manufacturing Company Illinois Tool Works Shares Are Down Today | Benzinga
Illinois Tool Works Inc (NYSE:ITW) shares are trading lower after the company reported mixed fourth-quarter financial results.
Revenue remained flat Y/Y at $3.98 billion, missing the consensus of $4.007 billion. Adjusted EPS totaled $2.42, beating the consensus of $2.41.
The operating income increased to $988 million from $986 million a year ago, and the operating margin came in at 24.8%, as enterprise ...