By Denny Jacob
Illinois Tool Works upheld its outlook for the year despite broader economic uncertainty by way of tariffs.
"We are maintaining our full year 2025 guidance as we expect our ongoing pricing actions to offset tariff cost impacts," said Chief Executive Christopher O'Herlihy.
The Glenview, Ill., company maintained its 2025 earnings per-share range between $10.15 and $10.55. It also forecast revenue and organic growth of 0% to 2% based on current levels of demand adjusted for incremental pricing associated with tariffs and current foreign exchange rates.
The industrial-products and equipment maker logged net income of $700 million, or $2.38 a share, compared to $819 million, or $2.73 a share, in the prior-year period. Analysts polled by FactSet expected $2.34 a share.
Operating revenue declined to $3.84 billion from $3.97 billion, matching analysts' estimates.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
April 30, 2025 08:19 ET (12:19 GMT)
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