Illinois Tool Works Sees Margin Expansion and Earnings Growth
Multi-industrial company Illinois Tool Works (NYSE: ITW) delivered another good quarter of earnings and raised full-year guidance across the board. It was a positive quarter for the company, driven by its automotive segment and recovery in some of its more cyclical segments (specifically welding, test and measurement, and electronics). That said, management served notice of a relative slowdown in the third quarter. Let's take a look at a busy second quarter for the company.
Starting with the headline numbers from the quarter compared to guidance:
While sales growth was slightly disappointing, earnings were strong and contributed to the broad-based increase in full-year guidance as follows:
Source: Fool.com
Illinois Tool Works Stock
€226.60
0.490%
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A slightly negative potential of -3.35% at a current price of 226.6 € for Illinois Tool Works is the result of a target price of 219 €.
