Illinois Tool Works Raises Full-Year Guidance
July 30 2021 - 8:47AM
Dow Jones News
By Dave Sebastian
Illinois Tool Works Inc. said it raised its earnings guidance
for the year as it sees order intake rates in all segments and
regions remaining strong.
The Glenview, Ill.-based manufacturing company on Friday said it
expects earnings of $8.55 a share to $8.95 a share, up 32% at the
midpoint from a year ago. It previously expected $8.20 a share to
$8.60 a share.
The company said it expects organic growth of 11% to 13%,
compared with its prior outlook of 10% to 12%.
The company said it expects price increases to offset
raw-material cost increases.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
July 30, 2021 08:34 ET (12:34 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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