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ITW reports preliminary 2019 guidance

  • Illinois Tool (NYSE:ITW -1.4%) expects FY19 EPS in the range of $7.90-$8.20 vs a consensus of $8.11.
  • Organic revenue growth of 2%-4%.
  • Operating margin improvement of ~100 bps.
  • ITW reaffirms FY18 EPS.

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Illinois Tool Works Inc.