Illinois Tool Works (NYSE:ITW) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$3.97b (down 1.6% from 3Q 2023).

• Net income: US$1.16b (up 50% from 3Q 2023).

• Profit margin: 29% (up from 19% in 3Q 2023). The increase in margin was driven by lower expenses.

• EPS: US$3.92 (up from US$2.56 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Illinois Tool Works EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 55%.

Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's shares are up 3.5% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Illinois Tool Works that you need to be mindful of.

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