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Illinois Tool Works Q4 EPS, Revenue Gain

· 02/05/2021 03:41

08:31 AM EST, 02/05/2021 (MT Newswires) -- Illinois Tool Works (ITW) on Friday reported Q4 earnings of $2.02 per share, up from $1.99 a year earlier. Analysts polled by Capital IQ had called for $1.78.

The multi-industrial manufacturer also reported operating revenue for the December quarter of $3.48 billion, up from $3.47 billion a year earlier. Wall Street was looking for $3.31 billion.

Moving forward, Illinois Tool said it anticipates full-year 2021 EPS guidance in a range of $7.60 to $8.00, an increase of 15% to 21%. Analysts have projected $7.69.

The company said full-year 2021 revenue is expected to grow in the range of 9% to 12%. The consensus Street estimate is $13.69 billion, compared with $12.57 billion reported for full-year 2020.

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