$ITW (Illinois Tool Works Inc.)

$ITW {{ '2016-07-20T16:16:46+0000' | timeago}} • Webcast

Stephen Volkmann of Jefferies asks whether $ITW has got any additional restructuring plan for 3Q16 and 4Q16. CFO Michael Larsen answered that restructuring is expected to be $60-70MM for the year. Given the current levels of demand, the company does not expect any significant changes to this range in 3Q16 and 4Q16.

$ITW {{ '2017-08-04T19:57:04+0000' | timeago}} • Announcement

$ITW declared a dividend on its common stock of $0.78 per share for 3Q17. The dividend equates to $3.12 per share on a full-year basis. The dividend will be paid on Oct 10, 2017 to shareholders as of Sept 29, 2017.

$ITW {{ '2017-07-24T15:18:54+0000' | timeago}} • Infographic

$ITW Illinois Tool Works Inc. Earnings AlphaGraphics: Q2 2017 highlights

$ITW {{ '2017-07-24T14:41:42+0000' | timeago}} • Webcast

$ITW faced some headwinds from price and costs in 2Q17, primarily the price of steel. The company has made the necessary price adjustments for 2017. $ITW anticipates the pressure on price-costs to moderate in 2H17 and margins to improve going forward on the construction side.

$ITW {{ '2017-07-24T14:21:06+0000' | timeago}} • Webcast

During 2Q17, $ITW’s organic revenue grew 2.6%. Organic growth was positive in all major geographies with North America up 1.4% and international up 4.2%, driven primarily by Europe which was up 3.4% and China which was up 13.3%. Six of the company’s seven segments had positive organic growth.

$ITW {{ '2017-07-24T13:38:59+0000' | timeago}} • Announcement

$ITW raised its FY17 EPS guidance by $0.12 at the mid-point. Illinois Tool Works now expects earnings to be in the range of $6.32-6.52 per share, with organic revenue growth of 2-4%. For 3Q17, the company expects earnings to be in the range of $1.57 to $1.67 per share with organic growth of 1 to 3%.

$ITW {{ '2017-07-24T13:36:23+0000' | timeago}} • Announcement

$ITW's 2Q17 earnings were up 16% to $1.69 per share, with revenue growing 4.9% to $3.6Bil. Operating income of $874MM was up 10% and was the highest quarterly income total in the company’s history. Net income was $587MM, up from $525MM a year ago.

$ITW {{ '2017-05-05T18:06:08+0000' | timeago}} • Announcement

$ITW BoD declared a dividend on the company's common stock of $0.65 per share for 2Q17. The dividend will be paid on July 12, 2017 to shareholders of record as of June 30, 2017.

$ITW {{ '2017-04-24T14:46:56+0000' | timeago}} • Webcast

$ITW is looking to be more discipline on its capital allocation plan and M&A, given the strong balance sheet and excess cash flow. The company has planned $1Bil of buybacks for 2017, with $250MM executed in 1Q17.

$ITW {{ '2017-04-24T13:51:55+0000' | timeago}} • Announcement

$ITW now sees FY17 earnings of $6.20-6.40 per share, with organic growth of 2-4%. ITW expects operating margin to exceed 23.5%. Effective tax rate is now estimated at 29%, resulting in an EPS benefit of $0.04 per share. For 2Q17, ITW sees EPS at $1.55-1.65 with organic growth of 2-4%.

$ITW {{ '2017-04-24T13:50:18+0000' | timeago}} • Announcement

$ITW posted a 14% jump in net income of $536MM for 1Q17 from $468MM a year ago. Diluted earnings rose 19% up to $1.54 per share on an operating revenue of $3.47Bil, which improved 6% year-on-year. Operating income was up 12% at $809MM.

$ITW {{ '2017-02-10T17:41:47+0000' | timeago}} • Announcement

$ITW's BoD declared a 1Q17 dividend on its common stock of $0.65 per share. The dividend equates to $2.60 per share on a full-year basis. The dividend will be paid on April 11, 2017 to shareholders of record as of March 31, 2017.

$ITW {{ '2017-01-25T13:29:30+0000' | timeago}} • Announcement

$ITW reaffirmed its 2017 EPS guidance of $6.00-6.20, with organic growth forecast of 1.5-3.5%. $ITW also predicts operating margin to exceed 23.5% and free cash flow conversion to exceed 100% for the full-year. For 1Q17, $ITW sees EPS of $1.39-1.49, with organic growth of 1-2%, and operating margin to exceed 22.5%.

$ITW {{ '2017-01-25T13:27:24+0000' | timeago}} • Announcement

$ITW reported a rise in 4Q16 earnings driven by higher revenue as well as positive organic revenue growth from five of its seven segments. Net income rose to $507MM or $1.45 per share from $450MM or $1.23 per share last year. Revenue grew to $3.4Bil from $3.28Bil. Excluding non-recurring items, EPS increased 13% to $1.39.

$ITW {{ '2016-12-05T12:00:39+0000' | timeago}} • Announcement

$ITW expects 2017 EPS of $6.00-6.20, up 9% YoverY at the midpoint, as well as organic growth of 1.5-3.5%. Additionally, the company reaffirmed its 2016 guidance. The company sees significant opportunity for further improvement before $ITW is operating at its full potential.

$ITW {{ '2016-12-05T11:59:03+0000' | timeago}} • Announcement

$ITW expects to deliver by the end of 2018 and beyond organic growth at 200 basis points or more above market, 25%-plus operating margin, and 20%-plus after-tax return on invested capital. The company also expects to deliver free cash flow of 100%-plus of net income and 12-14% total shareholder returns by the end of 2018 and beyond.

$ITW {{ '2016-10-28T19:05:57+0000' | timeago}} • Announcement

$ITW's BoD declared a 4Q16 dividend of $0.65 per common share. The dividend equates to $2.60 per share on a full-year basis. The dividend will be paid on Jan. 11, 2017 to shareholders of record as of Dec. 30, 2016.

$ITW {{ '2016-10-20T16:22:31+0000' | timeago}} • Webcast

For Test & Measurement, $ITW expects probably a year-over-year increase in 4Q16 run rates in the low single digits. This is driven by the continued sluggish demand for capital equipment, which impacts the test and measurement side of that segment.

$ITW {{ '2016-10-20T15:42:07+0000' | timeago}} • Webcast

$ITW expects full year 2016 operating margin to be above 22.5%, a new full year record for the company and up from 21.4% last year. Excluding the Engineered Fasteners and Components (EF&C) business, operating margin would be about 23%. For 4Q16, the company expects operating margin of approx. 21.5%, which is greater than 22% when excluding EF&C.

$ITW {{ '2016-10-20T15:21:23+0000' | timeago}} • Webcast

$ITW repurchased shares for $500MM in 3Q16 and expects to complete this year's program with another $500MM in 4Q16, bringing the total to $2Bil. In Aug. 2016, the company announced a dividend increase of 18%.

$ITW {{ '2016-10-20T12:16:44+0000' | timeago}} • Announcement

For 4Q16, $ITW expects GAAP EPS to be in a range of $1.31-1.41, an increase of 11% at the midpoint. Organic revenue is forecast to be 0-2%, and operating margin to be approx. 21.5%. This guidance is based on current ForEx rates.

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