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ITW - Illinois Tool Works EPS beats by $0.21 beats on revenue; raises FY2021 outlook
Illinois Tool Works Inc.
Illinois Tool Works (ITW): Q1 GAAP EPS of $2.11 beats by $0.21.Revenue of $3.5B (+8.4% Y/Y) beats by $60M.Operating income increased 19% Y/Y to $905M vs. a consensus of $826.1M.FY2021 GAAP EPS guidance increased by $0.60 to a range of $8.20 to $8.60 per share (previous: $7.60 to $8.00) vs. consensus of $7.94.Press Release