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Sep 30, 2020
ITW Q3 2020 Earnings Report
Reported third quarter 2020 results with revenue declined 4.9 percent compared to the prior year period.
Key Takeaways
ITW's third-quarter revenue was $3.3 billion, a 4.9% decrease compared to the prior year. GAAP earnings per share was $1.83. Free cash flow was $631 million, representing 108% of net income.
Total revenue of $3.3 billion as revenue increased 29 percent versus Q2 2020
Operating margin of 23.8%
GAAP EPS of $1.83
Free cash flow was 108% of net income
ITW
ITW
ITW Revenue by Segment
Forward Guidance
ITW suspended annual guidance for 2020 due to uncertainties regarding the duration and severity of the COVID-19 pandemic.
Revenue & Expenses
Visualization of income flow from segment revenue to net income