Illinois Tool Works Narrows Profit Outlook as 3Q Earnings Slip

By Connor Hart

Illinois Tool Works narrowed its full-year earnings outlook as it notched mixed results in the third quarter.

The industrial-products and equipment maker on Friday said it now expects earnings of $10.40 to $10.50 a share for the year, compared with a prior outlook of $10.35 to $10.55 a share. It continues to project overall revenue growth of 1% to 3%, which incorporates organic growth of flat to up 2%.

Analysts surveyed by FactSet are projecting earnings of $10.41 a share on revenue of $16.08 billion, which represents a 1.2% increase from last year.

The Glenview, Ill., company said its outlook accounts for the current demand environment, as well as ongoing pricing and supply-chain actions, which the company expects to effectively offset higher tariff costs.

For its three months ended Sept. 30, Illinois Tool Works posted a profit of $821 million, compared with $1.16 billion a year earlier. Quarterly earnings came in at $2.81 a share, ahead of the $2.72 a share that Wall Street had modeled.

Revenue ticked 2.3% higher to $4.06 billion, roughly in line with analyst expectations.

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(END) Dow Jones Newswires

10-24-25 0833ET