Illinois Tool Works: Q1 Earnings Snapshot

GLENVIEW, Ill. — GLENVIEW, Ill. — Illinois Tool Works Inc. (ITW) on Tuesday reported first-quarter profit of $714 million. On a per-share basis, th...

May 2, 2023
12:12 PM

GLENVIEW, Ill. — GLENVIEW, Ill. — Illinois Tool Works Inc. (ITW) on Tuesday reported first-quarter profit of $714 million. On a per-share basis, the Glenview, Illinois-based company said it had net income of $2.33. The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.18 per share. The equipment manufacturer for the transportation, power, food and construction industries posted revenue of $4.02 billion in the period, also surpassing Street forecasts.

Associated Press