ITW - Illinois Tool Works Non-GAAP EPS of $2.34 misses by $0.19 revenue of $3.97B beats by $70M initiates FY earning outlook above consensus
- Illinois Tool Works press release ( NYSE: ITW ): Q4 Non-GAAP EPS of $2.34 misses by $0.19 .
- Revenue of $3.97B (+7.3% Y/Y) beats by $70M .
- Record operating income of $986 million, an increase of 18%
- Operating margin of 24.8%, an increase of 210 bps
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2023 Guidance: Organic growth of 3 to 5%. Operating margin of 24.5 to 25.5% with enterprise initiatives contributing approximately 100 bps. GAAP EPS of $9.40 to $9.80 vs consensus of $9.34
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Illinois Tool Works Non-GAAP EPS of $2.34 misses by $0.19, revenue of $3.97B beats by $70M, initiates FY earning outlook above consensus