More on Illinois Tool Works (ITW) Q3: Net profit $524M vs $507M. Op margins +130 bps to 16.9%,...


More on Illinois Tool Works (ITW) Q3: Net profit $524M vs $507M. Op margins +130 bps to 16.9%, due to favorable raw material prices and tight rein on costs. Total organic revs +0.9%, N American +3.9%, Europe -3.7%, Asia Pacific -1.5%. International markets to remain sluggish and forex impact to be negative in Q4. Guidance: FY EPS $4.06-$4.14 vs $4.11 consensus, revenue to grow 0%-1%. Q4 EPS $0.86-$0.94 vs. $0.98. Revenue to fall 1%-4%. (PR)

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