Illinois Tool Works Inc
ITW: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$135.00 | Ptzz | Jqmrwyrcqv |
ITW Earnings: Solid Results and Strong Cash Flow Continue With Fourth-Quarter Results
ITW ended 2023 with fourth-quarter results providing no surprises. Adjusted EPS increased 3.4% year over year to $2.42, which excludes a $0.04 hit for Argentine currency devaluation. Operating margin was flat year over year at 24.8%, however, free cash flow increased 39% to a record $908 million. We are not changing our fair value estimate at this time but will reassess all modeling inputs while rolling our model for the 10-K.