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Illinois Tool Works Inc. (NYSE: ITW) announced a quarterly dividend of $1.40 per share for the 2nd quarter of 2024, totaling $5.60 per share annually. The dividend will be paid on July 11, 2024, to shareholders of record as of June 28, 2024.
Miller Electric Mfg. releases the OptX™ 2kW handheld laser welder to address the shortage of skilled welders in the US and Canada, boosting productivity up to five to 10 times. The collaboration with IPG Photonics aims to provide cutting-edge technology for welding shops, enhancing worker capacity and productivity.
Illinois Tool Works Inc. (NYSE: ITW) reported its first-quarter 2024 results, with revenue of $4.0 billion and a 0.6% decline in organic growth. Operating income increased by 16% to $1.13 billion, with a 420 bps increase in operating margin to 28.4%. GAAP EPS rose by 17% to $2.73, reaffirming full-year organic growth guidance of 1 to 3% and raising full-year GAAP EPS guidance by $0.30 to a range of $10.30 to $10.70 per share.
