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StockNews.com
StockNews.com
Business
Rjkumari Saxena

Is Illinois Tool Works a Reliable Pick for Long-Term Gains?

ITW Illinois Tool Works

Illinois Tool Works Inc. (ITW), a global multi-industrial company engaged in the manufacturing and selling of industrial products and equipment, reported impressive fiscal 2024 third-quarter results. The company’s EPS of $3.91 surpassed the consensus estimate of $2.52.

Further, the company reported record revenue from Automotive OEM and Test & Measurement and Electronics segments totaling $772 million and $697 million for the third quarter, respectively.

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