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Illinois Tool Works, Inc. - ITW STOCK NEWS

Welcome to our dedicated news page for Illinois Tool Works (Ticker: ITW), a resource for investors and traders seeking the latest updates and insights on Illinois Tool Works.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Illinois Tool Works's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Illinois Tool Works's position in the market.

Rhea-AI Summary
Illinois Tool Works Inc. (ITW) to announce first quarter 2024 results on April 30, 2024, followed by an earnings webcast. Participants can access the webcast and presentation materials online.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.62%
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-
Rhea-AI Summary
ITT Inc. appoints Michael G. Guhde as president of Connect & Control Technologies, bringing vast experience in component manufacturing. Guhde's track record includes driving growth, innovation, and customer satisfaction in previous roles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.6%
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none
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Rhea-AI Summary
Illinois Tool Works Inc. (ITW) declares a dividend of $1.40 per share for the first quarter of 2024, totaling $5.60 per share annually. The dividend payment will be made on April 11, 2024, to shareholders of record as of March 29, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.49%
Tags
management dividends
Rhea-AI Summary
Illinois Tool Works Inc. (NYSE: ITW) reported its fourth quarter and full year 2023 results, with revenue of $4.0 billion in Q4 and $16.1 billion for the full year. Operating margin increased to 25.1% in 2023, and the company initiated guidance for 2024, projecting revenue growth of 2 to 4% and GAAP EPS of $10.00 to $10.40 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.05%
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Rhea-AI Summary
Illinois Tool Works Inc. (ITW) is set to release its fourth quarter and full year 2023 financial results on February 1, 2024. The earnings webcast will follow the release, providing investors and analysts with valuable insights into the company's performance. Participants can access the webcast and conference call using the provided links and dial-in numbers. Presentation materials and an audio webcast replay will be available on the investor relations website, offering a comprehensive overview of the earnings report.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
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Rhea-AI Summary
Illinois Tool Works Inc. (NYSE: ITW) declares a dividend of $1.40 per share for Q4 2023, totaling $5.60 per share for the full year. Payment will be made on January 11, 2024, to shareholders of record as of December 29, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.8%
Tags
management dividends
News
Rhea-AI Summary
Illinois Tool Works Inc. reports Q3 2023 results with revenue of $4.0 billion, a 0.5% increase. Operating income increased 9% to $1.1 billion, and operating margin expanded 200 bps to 26.5%. GAAP EPS grew 9% to $2.55. Full year GAAP EPS guidance range narrowed to $9.65 to $9.85 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.27%
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Rhea-AI Summary
Illinois Tool Works Inc. will release its Q3 2023 results on October 24, 2023. Earnings webcast to follow at 9:00 a.m. CDT.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.72%
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News
Rhea-AI Summary
ITW announces succession plan. Christopher A. O’Herlihy to become CEO, E. Scott Santi to become Non-Executive Chairman. Transition supports ITW's Enterprise Strategy. O’Herlihy has been with ITW for 34 years. Santi's tenure increased market cap from $23B to $74B.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.38%
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none
Rhea-AI Summary
Miller Electric Mfg. LLC has released the new Millermatic 142 MIG welder, a lightweight machine in the 140-amp class. The machine is easy to set up and use, with Auto-Set™ technology and a digital segment display. It weighs less than 40 pounds and has a rated output of 100 amps at 60% duty cycle. The Millermatic 142 replaces the Millermatic 141 in the lineup.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.03%
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none
Illinois Tool Works, Inc.

NYSE:ITW

ITW Rankings

ITW Stock Data

75.73B
271.40M
0.72%
82.78%
2.38%
All Other Miscellaneous General Purpose Machinery Manufacturing
Manufacturing
Link
US
Glenview

About ITW

Illinois Tool Works Inc. is a manufacturer of a range of industrial products and equipment. Their segments include Automotive OEM, Food Equipment, Test & Measurement and Electronics