💨 Abstract

Illinois Tool Works Inc. (ITW) reported a first-quarter profit of $700 million, surpassing Wall Street expectations with earnings of $2.38 per share. The Glenview, Illinois-based company posted revenue of $3.84 billion and expects full-year earnings to be between $10.15 and $10.55 per share. The manufacturer produces equipment for various industries, including transportation, power, food, and construction.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖