ITW Reports Fourth Quarter and Full Year 2020 Results
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Illinois Tool Works (ITW) Tops Q4 EPS by 23c, Revenues Beat; Offers FY21 EPS Mid-Point Guidance Above Consensus
February 5, 2021 8:04 AM ESTIllinois Tool Works (NYSE: ITW) reported Q4 EPS of $2.02, $0.23 better than the analyst estimate of $1.79. Revenue for the quarter came in at $3.48 billion versus the consensus estimate of $3.33 billion.
Fourth-Quarter 2020 Highlights
Total revenue of $3.5 billion, an increase of 5% versus Q3 2020Record Q4 operating income of $883 million, an increase of 7% year-over-yearRecord Q4 operating margin of 25.4% as enterprise initiatives contributed 130 basis pointsGAAP EPS of $2.02, an increase of 2%, or 7% excluding $0.11 of divestiture gains in Q4 2019Record Q4 after-tax ROIC of 32.0%, an increase of 310 basis pointsStrong free cash flow of... More