Illinois Tool Works: Q2 Earnings Snapshot

August 2, 2022 GMT

GLENVIEW, Ill. (AP) _ Illinois Tool Works Inc. (ITW) on Tuesday reported second-quarter earnings of $738 million.

On a per-share basis, the Glenview, Illinois-based company said it had profit of $2.37.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.21 per share.

The equipment manufacturer for the transportation, power, food and construction industries posted revenue of $4.01 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $3.97 billion.

Illinois Tool Works expects full-year earnings to be $9 to $9.40 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ITW at https://www.zacks.com/ap/ITW