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BUZZ-Illinois Tool Works falls on lower Q1 earnings

Reuters
Apr 30, 2025
BUZZ-Illinois Tool Works falls on lower Q1 earnings

** Shares of Illinois Tool Work ITW.N fall 3.4% to $233

** Co posted lower quarterly profit and revenue as economic uncertainty and inflation weighed on demand for industrial equipment

** ITW posted Q1 profit of $2.44/share, compared with $2.35/share expected by analysts, according to data compiled by LSEG

** Co's Q1 revenue came at $3.84 bln, down 3.4% year-on-year

** Co maintained its 2025 earnings forecast range of $10.15 to $10.55 per share, saying it included ongoing pricing actions that are projected to offset tariff cost impacts

** 3 of 20 brokerages rate the stock "buy" or higher, 13 "hold" and 4 "sell" or lower; their median PT is $245

** As of last close, stock had fallen 9% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))

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