More on Illinois Tool Works (ITW -3.6%) Q2: net profit drops to $465M from $881M; Q2 includes a...

|About: Illinois Tool Works Inc. (ITW)|By:, SA News Editor

More on Illinois Tool Works (ITW -3.6%) Q2: net profit drops to $465M from $881M; Q2 includes a charge of $0.05 primarily related to the exit of Decorative Surfaces employees from ITW's pension plan. Income from continuing operations falls to $464M from $519M. Guidance: Q3 EPS from continuing ops $1.06-$1.16 vs consensus of $1.13, and revenue growth of 3-5% vs contraction of 5.2%. Full year EPS $4.10-4.30 vs $4.23 and revenue growth of 0.5-2.5% vs -6.9%. ITW's FY outlook is below previous guidance. (PR)