Illinois Tool Works 3Q Profit, Revenue Rise
October 28 2021 - 8:44AM
Dow Jones News
By Dave Sebastian
Illinois Tool Works Inc. said its profit and revenue rose for
the third quarter, though its automotive original equipment
manufacturing segment continued to be affected by production
reductions associated with supply-chain challenges.
The Glenview, Ill.-based manufacturing company posted net income
of $639 million, compared with $582 million in the year-ago period.
Earnings were $2.02 a share, compared with $1.83 a share in the
prior year.
Operating revenue rose to $3.56 billion from $3.31 billion.
Analysts polled by FactSet were expecting $3.55 billion.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
October 28, 2021 08:29 ET (12:29 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Illinois Tool Works (NYSE:ITW)
Historical Stock Chart
From Mar 2024 to Apr 2024
Illinois Tool Works (NYSE:ITW)
Historical Stock Chart
From Apr 2023 to Apr 2024