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Mar 31, 2021
ITW Q1 2021 Earnings Report
ITW's Q1 2021 performance reflected record results and increased full year GAAP EPS guidance.
Key Takeaways
ITW reported a strong first quarter in 2021, with a 10% increase in total revenue to $3.5 billion and a 19% increase in GAAP EPS to $2.11. The company also raised its full year GAAP EPS guidance by $0.60 to a range of $8.20 to $8.60 per share.
Total revenue increased by 10% to $3.5 billion.
Organic growth was 6%, or 8% on an equal days basis.
Operating income increased by 19% to $905 million.
GAAP EPS increased by 19% to $2.11.
ITW
ITW
ITW Revenue by Segment
Revenue by Segment
Automotive OEM Revenue
CapyFin.comFood Equipment Revenue
CapyFin.comTest & Measurement and Electronics Revenue
CapyFin.comWelding Revenue
CapyFin.comPolymers & Fluids Revenue
CapyFin.comConstruction Products Revenue
CapyFin.comSpecialty Products Revenue
CapyFin.com Forward Guidance
The company now expects full year GAAP EPS of $8.20 to $8.60 per share, an increase of 27 percent at the midpoint. Organic growth is expected to be in the range of 10 to 12 percent. Revenue is expected to grow in the range of 12 to 14 percent.
Revenue & Expenses
Visualization of income flow from segment revenue to net income