Illinois Tool Works (ITW) Tops Q3 EPS by 2c, Revenues Miss; Narrows FY18 EPS Outlook
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ITW Delivers $1.90 Earnings per Share
October 24, 2018 8:00 AM EDTTotal revenue $3.6 billion; organic growth +2%; North America +4%Operating margin 24.6%, +30 bps ex. 2017 legal settlementGAAP EPS $1.90, +11% ex. 2017 legal settlementFull-year EPS guidance narrowed $7.55 to $7.65; 15% growth at the mid-point      Â
GLENVIEW, Ill., Oct. 24, 2018 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) today reported third quarter 2018 GAAP earnings of $1.90 per share. As previously disclosed, the company recorded an EPS benefit of $0.14 per share related to a legal settlement in the third quarter of 2017. Excluding this item, EPS increased 11 percent. Excluding unfavorable foreign currency translation impact of $(0.03), EPS grew 13 percent.
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