ITW Q3 2023 Earnings Report
Key Takeaways
ITW reported a revenue of $4.0 billion, a 0.5% increase, and an operating income of $1.1 billion, a 9% increase. The company's GAAP EPS increased by 9% to $2.55. The operating margin expanded by 200 basis points year over year to 26.5 percent, and free cash flow grew 40 percent.
Revenue increased by 0.5% to $4.0 billion.
Operating income increased by 9% to $1.1 billion.
Operating margin expanded by 200 basis points to 26.5%.
GAAP EPS increased by 9% to $2.55.
ITW
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ITW Revenue by Segment
Forward Guidance
ITW is narrowing the range of its full year GAAP EPS guidance from $9.55 to $9.95 per share to a range of $9.65 to $9.85 per share. The company is projecting total revenue growth of one to two percent with organic growth of two to three percent.
Revenue & Expenses
Visualization of income flow from segment revenue to net income