GLENVIEW, IL., April 30, 2024
ITW Reports First Quarter 2024 Results
Illinois Tool Works Inc. (NYSE: ITW) today reported its first quarter 2024 results.
"While the near-term demand environment across the majority of our segments was challenging as expected, the ITW team delivered a solid start to the year as operating income grew four percent, operating margin expanded 120 basis points to 25.4 percent, and EPS increased five percent to $2.44, excluding a one-time item,” said Christopher A. O’Herlihy, President and Chief Executive Officer. "I am confident that ITW is on track and well positioned to deliver on our 2024 performance targets."
