Feb. 1 at 10:31 a.m.
Filed under: Economy
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 »
Jan. 31 at 7:35 a.m.
Filed under: Earnings
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 »
Jan. 21 at 6:25 a.m.
Filed under: Airplanes
General Electric Co., reported better-than-expected earnings, helped by the recovery of its finance arm and a rise in revenue at its industrial units, including a sharp pickup in sales of locomotives.
The world’s biggest maker of electric turbines and jet engines also reported a 12 percent increase in orders, driving its backlog — a key predictor of future sales — to $175 billion. Get the full story »