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Illinois Tool Works sees 2024 EPS $10.00-$10.40, consensus $10.18
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Illinois Tool Works sees 2024 EPS $10.00-$10.40, consensus $10.18

Sees revenue growth of 2 to 4% with organic growth of 1 to 3%; Operating margin of 25.5 to 26.5% with enterprise initiatives contributing approximately 100 bps. Revenue consensus $16.52B. Free cash flow is expected to be greater than 100 percent of net income and the company plans to repurchase approximately $1.5 billion of its own shares. The projected effective tax rate is in the range of 24 to 24.5 percent.

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