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BRIEF-ITW Reports Fourth Quarter And Full Year 2020 Results

· 02/05/2021 08:07
BRIEF-ITW Reports Fourth Quarter And Full Year 2020 Results

- Illinois Tool Works Inc ITW.N:

  • ITW REPORTS FOURTH QUARTER AND FULL YEAR 2020 RESULTS

  • Q4 REVENUE $3.5 BILLION VERSUS REFINITIV IBES ESTIMATE OF $3.33 BILLION

  • SEES FY 2021 GAAP EARNINGS PER SHARE $7.60 TO $8.00

  • Q4 GAAP EARNINGS PER SHARE $2.02

  • Q4 EARNINGS PER SHARE ESTIMATE $1.79 -- REFINITIV IBES DATA

  • SEES 2021 ORGANIC GROWTH OF 7 TO 10%

  • 2021 REVENUE IS EXPECTED TO GROW IN RANGE OF NINE TO TWELVE PERCENT

  • PLANS TO REPURCHASE APPROXIMATELY $1 BILLION OF ITS SHARES IN 2021

  • FY2021 REVENUE VIEW $13.72 BILLION -- REFINITIV IBES DATA

Source text for Eikon: ID:nGNX2Gcm67

Further company coverage: ITW.N


((Reuters.Briefs@thomsonreuters.com;))