Illinois Tool Works (ITW) Tops Q3 EPS by 20c, Raises FY EPS Guidance
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ITW Reports Third-Quarter 2017 Results
October 23, 2017 8:00 AM EDTThird-Quarter Highlights:
GAAP EPS of $1.85 includes $0.14 benefit from a favorable legal settlement; excluding this item EPS was $1.71, an increase of 14%Total revenue of $3.6 billion, an increase of 4%Operating margin of 26.6% includes 220 basis points benefit from the legal settlement; excluding this item operating margin was 24.4%, an increase of 130 bpsUpdated 2017 full-year outlook: GAAP EPS of $6.62 to $6.72, an increase of $0.25 at the mid-pointGLENVIEW, Ill., Oct. 23, 2017 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) today reported its third-quarter 2017 results.
Third-quarter revenue grew 4% to $3.6... More
