$ITW (Illinois Tool Works Inc.)

$ITW {{ '2015-07-22T14:49:06+0000' | timeago}} • Webcast

$ITW 2Q15 Call: Cash generation continues to be very good. Free cash flow of $384MM, 80% of net income and we remain on track to meet or exceed our target of 100% for the year. On capital allocation, we invested approx. $180MM in share repurchases and are on track for $2Bil for the year.

$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.

$ITW {{ '2016-10-20T12:16:00+0000' | timeago}} • Announcement

$ITW has raised its 2016 full-year GAAP EPS guidance range to $5.56-5.66, a YoverY increase of 9% at the midpoint. Consistent with prior guidance, the full-year organic growth forecast is 1-2% and includes approx. 1 percentage point of Product Line Simplification impact. Operating margin is forecast to exceed 22.5%.

$ITW {{ '2016-10-20T12:14:27+0000' | timeago}} • Announcement

$ITW reported 8% earnings growth in 3Q16, helped by strong margin performance compared to 3Q15. Net income was $535MM or $1.50 per diluted share compared to $511MM or $1.39 per diluted share last year. Total revenue increased 4% from last year to $3.5Bil.

$ITW {{ '2016-08-05T17:21:33+0000' | timeago}} • Announcement

$ITW said its BoD declared a dividend on its common stock of $0.65 per share for 3Q16, an 18% increase over the quarterly dividend paid in 2015. The dividend equates to $2.60 per share on a full-year basis. The dividend will be paid on Oct. 6, 2016 to shareholders of record as of Sept. 30, 2016.

$ROCK {{ '2016-08-01T18:08:22+0000' | timeago}} • Announcement

$ROCK said it appointed John Neil in a new role as VP Strategic Operations, to continue to drive the 80/20 business simplification process while further improving operational excellence across the company. Neil joins the company after a 26-year career with $ITW and more recently from SFS Intec. He will report to President and CEO Frank Heard.

$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 {{ '2016-07-20T16:08:43+0000' | timeago}} • Webcast

Andrew Casey of Wells Fargo questioned whether any of $ITW's segments realized negative pricing. CFO Michael Larsen said that 2Q16 looked a lot like 1Q16 and 2Q15. He added that at the enterprise level and segment level, there were no significant changes on the pricing side.

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