Graco Inc. said Thursday that it agreed to pay $650 million in cash for Illinois Tool Works Inc.’s finishing businesses. Get the full story »
Illinois Tool Works
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ITW sales up 11% in last three months
Diversified U.S. manufacturer Illinois Tool Works Inc said Monday its sales in the three months through February were up 11 percent, and the company repeated its annual and quarterly earnings forecasts. Get the full story »
Illinois Tool Works to get tax benefit â
Illinois Tool Works Inc. said Monday it will see a significant tax deduction, most likely in the first quarter, as the result of a court case in Australia.
The Glenview-based company, which makes automotive and food services equipment, industrial packaging and other products, said the Federal Court of Australia issued a favorable decision Feb. 4 in its dispute with the Australian Taxation Office over income tax deductions. Get the full story »
More manufacturers warn of rising input costs
The threat that rising input prices pose to corporate profit margins was highlighted again as a number of U.S. manufacturers, including Emerson Electric Co and Paccar Inc, reported quarterly earnings.
Earlier this week, Illinois Tool Works, which makes a variety of products for the automotive, residential construction, and industrial marketplace, warned it might not be able to fully recoup all the raw material price increases it is seeing — even though it expects to raise prices this year. Get the full story »
Illinois Tool Works to double acquisitions in 2011
Illinois Tool Works Inc. expects business acquisitions in 2011 to bring the company $800 million to $1 billion a year in additional revenue, nearly double the amount from 2010.
Chairman and Chief Executive David Speer said the company’s pipeline of potential acquisitions steadily improved throughout 2010, allowing the company to step up its acquisition goal for 2011. Last year, the company bought 24 companies with combined annual revenues of $530 million. Prior to 2009, ITW had been averaging $1 billion a year in acquired revenue. But the economic recession soured the market for acquisitions. Get the full story »
ITW misses 4Q estimate by cent; sees 1Q growth
Diversified U.S. manufacturer Illinois Tool Works Inc. reported quarterly earnings that were a penny shy of expectations even as a host of its business units reported double-digit sales growth.
The company, which makes everything from industrial fasteners and adhesives to professional kitchen equipment and flooring, also issued a profit forecast for the current quarter that was higher than the average Wall Street view. Get the full story »
Illinois Tool three-month sales rose 11%
Illinois Tool Works Inc. reported an 11-percent sales increase in the three months through November, citing strength in markets like welding, electronics and automotive. The company, whose products include industrial fasteners and professional kitchen equipment, reiterated a prior outlook calling for per-share profit from continuing operations of 74 cents to 82 cents for the fourth quarter and $2.99 to $3.07 for the full year. Get the full story »
Illinois Tool Works affirms full-year outlookâ
Illinois Tool Works Inc. said on Monday its operating revenue rose in the previous three months and stood by its forecasts for fourth-quarter and full-year earnings. Get the full story »
Illinois Tool Works posts stronger Q3 profit
Illinois Tool Works Inc reported improved quarterly earnings Tuesday, lifted by strong demand for its welding and packaging products from manufacturers. Illinois Tool reported a third-quarter profit of $419.3 million, or 83 cents a share, up from $302.4 million, or 60 cents a share, a year before. Get the full story »
Illinois Tool Works affirms third-quarter forecasts
Illinois Tool Works Inc. affirmed its forecast for third-quarter and full-year earnings on Friday.
The company said it expected to report a third-quarter profit of 72 cents to 84 cents a share from continuing operations.
For the full year, ITW said it expected to report earnings of $2.82 to $3.08 a share from continuing operations. Get the full story »
ITW earnings up, but misses target
Illinois Tool Works Inc reported improved quarterly results Tuesday, driven by especially strong demand for automotive, industrial packaging and welding products. But the results came in a penny per share shy of expectations, pulled down by a higher tax rate than the company had forecast. Get the full story »
ITW director sells $5M in shares
From Barrons | Robert C. McCormack, a director at ITW since 1993, sold 108,400 shares of ITW at an average price of $46.52 on June 21, raising about $5 million. After the sale McCormack, a co-founder of the private-equity firm Trident Capital, still held about 10.1 million shares, or a 2 percent stake in the Glenview-based company.
