Illinois Tool Works (ITW) has reported key financial metrics including Q4 2024 earnings and sales, with numerous institutions adjusting their shareholdings in the company amidst these announcements. The company's
Q4 earnings call highlighted record margins and strategic moves like the announcement of a $1.5B buyback plan. Besides its hefty buyback scheme, Illinois Tool Works also reported its
earnings per share (EPS) to be $2.54, which surpassed analyst estimates. Overall, Q4 earnings were reported to have beaten estimates, despite a reported fall in revenue which did not meet market expectations. Amidst the revenue decline, the company still managed to exhibit
strong margins. Furthermore, ITW's FY 2025 earnings guidance has been updated, hinting at modest growth and increased profit. However, a price target cut to $295 by JP Morgan Chase, following revenue shortfalls, has drawn some concern. On the upside, Illinois Tool Works' improved annual profit forecast owing to divestiture gains have been particularly progressive.
Illinois Tool Works ITW News Analytics from Fri, 22 Mar 2024 07:00:00 GMT to Sat, 08 Feb 2025 10:29:59 GMT -
Rating 2
- Innovation 7
- Rumor -5
