logo
  

Illinois Tool Works Again Boosts FY21 Outlook - Quick Facts

While reporting financial results for the second quarter on Friday, Illinois Tool Works, Inc. (ITW) again raised its earnings, revenue and organic revenue guidance for the full-year 2021.

For fiscal 2021, the company now projects earnings in the range of $8.55 to $8.95 per share on revenue growth of 14 to 16 percent, with organic revenue growth of 11 to 13 percent.

Previously, the company expected earnings in the range of $8.20 to $8.60 per share on revenue growth of 12 to 14 percent, with organic revenue growth of 10 to 12 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $8.51 per share on revenue growth of 14.2 percent to $14.36 billion for the year. Analysts' estimates typically exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
IntegraDose Compounding Services, LLC has recalled a total of eleven lots of antibiotic medication cefazolin in the form of injection for the potential lack of sterility assurance, the U.S. Food and Drug Administration or FDA said in a statement. The lack of sterility resulted from compounding in a newly installed biologic safety cabinet without completing dynamic smoke study testing. While reporting financial results for the fourth quarter on Thursday, professional services company Accenture Plc (ACN) initiated earnings and revenue growth outlook for the full-year 2022, above analysts' estimates and also provided revenue outlook for the first quarter. For fiscal 2022, the company... Impossible Foods Inc., a plant-based meat maker, is bringing its new plant-based pork product to the restaurants in U.S., Hong Kong and Singapore. Starting Thursday, Impossible pork will be available at Momofuku Ssäm Bar in Manhattan, New York City. It will serve Spicy Rice Cakes with Impossible Pork Ragu. Restaurants across the U.S. and Hong Kong can now order Impossible Pork for their menus.
Follow RTT