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Mar 31, 2020
ITW Q1 2020 Earnings Report
ITW's Q1 2020 performance reflected a decline in revenue and EPS, impacted by the COVID-19 pandemic.
Key Takeaways
ITW reported a decrease in first-quarter revenue by 9.1 percent, with organic revenue down 6.6 percent. GAAP EPS decreased by 2 percent to $1.77. The company suspended its annual guidance for 2020 due to uncertainties related to the COVID-19 pandemic.
GAAP EPS decreased by 2% to $1.77.
First-quarter revenue declined by 9.1 percent with organic revenue down 6.6 percent.
Operating margin was flat at 23.6 percent.
Free cash flow was $554 million, representing 98% of net income.
ITW
ITW
ITW Revenue by Segment
Forward Guidance
Due to the uncertainties regarding the duration and severity of the coronavirus (COVID-19) pandemic, ITW is suspending its previously announced annual guidance for 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income