ITW Reports Second Quarter 2023 Results
Retrieved on:
Tuesday, August 1, 2023
one-time tax items, EPS increased 9%
Key Points:
- one-time tax items, EPS increased 9%
GLENVIEW, Ill., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) today reported its second quarter 2023 results. - “The ITW team delivered another quarter of strong operational execution and financial performance.
- GAAP EPS of $2.37 in the second quarter of 2022 included a $0.16 one-time tax benefit.
- The company is projecting organic growth of three to five percent based on first half 2023 performance and current levels of demand.