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DJ Illinois Tool Works Sees Higher Rev, Profit in 2021

· 02/05/2021 08:21

By Matt Grossman

Illinois Tool Works Inc. Friday forecast full-year revenue growth and a 2021 profit in line with analysts' prior expectations.

The Glenview, Ill.-based industrial-manufacturing company said it expects full-year per-share earnings of $7.60 to $8.00. Year-over-year revenue growth will be 9% to 12%, the company forecast, from full-year revenue of $12.57 billion in 2020.

Analysts polled by FactSet had been forecasting earnings of $7.69 a share, and revenue of $13.67 billion.

Write to Matt Grossman at matt.grossman@wsj.com

(END) Dow Jones Newswires

February 05, 2021 08:21 ET (13:21 GMT)

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