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MarketScreener Homepage  >  Equities  >  Nyse  >  Illinois Tool Works Inc.    ITW

ILLINOIS TOOL WORKS INC.

(ITW)
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Illinois Tool Works : Logs Smaller 3Q Profit, Revenue

10/23/2020 | 08:36am EST

By Matt Grossman

Illinois Tool Works Inc. Friday posted a smaller profit in the latest quarter compared with last year's figure as lower volumes during the coronavirus pandemic dragged on revenue.

The Glenview, Ill.-based industrial products and equipment manufacturer recorded a third-quarter profit of $582 million, or $1.83 a share, compared with a profit of $660 million, or $2.04 a share, in the same three-month period a year earlier.

Analysts surveyed by FactSet expected earnings of $1.44 a share.

Illinois Tool's revenue was $3.31 billion, down from $3.48 billion in last year's third quarter. Analysts had forecast revenue of $2.98 billion.

Revenue in the company's automotive original equipment manufacturing segment fell 4.8% year over year on an organic basis. Food equipment revenue fell 19.5% organically, while the company's polymers-and-fluids and construction-products segments both notched year-over-year organic growth.

Illinois Tool declined to provide forward-looking guidance, having suspended its forecasts in early May due to uncertainty regarding the pandemic.

Write to Matt Grossman at matt.grossman@wsj.com

(END) Dow Jones Newswires

10-23-20 0835ET

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Financials (USD)
Sales 2020 12 387 M - -
Net income 2020 2 027 M - -
Net Debt 2020 5 675 M - -
P/E ratio 2020 33,0x
Yield 2020 2,07%
Capitalization 66 488 M 66 488 M -
EV / Sales 2020 5,83x
EV / Sales 2021 5,34x
Nbr of Employees 45 000
Free-Float 57,4%
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Technical analysis trends ILLINOIS TOOL WORKS INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Average target price 201,79 $
Last Close Price 210,06 $
Spread / Highest target 7,11%
Spread / Average Target -3,94%
Spread / Lowest Target -22,9%
EPS Revisions
Managers
NameTitle
Ernest Scott Santi Chairman & Chief Executive Officer
Michael M. Larsen Chief Financial Officer & Senior Vice President
Susan M. Crown Independent Director
Pamela B. Strobel Independent Director
David H. B. Smith Independent Director
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