Illinois Tool Works Inc (ITW) reported earnings for third quarter that declined from last year.
The company's profit totaled $582 million, or $1.83 per share. This compares with $660 million, or $2.04 per share, in last year's third quarter.
Analysts had expected the company to earn $1.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 4.9% to $3.31 billion from $3.48 billion last year.
Illinois Tool Works Inc earnings at a glance:
-Earnings (Q3): $582 Mln. vs. $660 Mln. last year.-EPS (Q3): $1.83 vs. $2.04 last year.-Analysts Estimate: $1.46 -Revenue (Q3): $3.31 Bln vs. $3.48 Bln last year.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.