Illinois Tool Works Reaffirms 2016 Guidance - Quick Facts

(RTTNews) - Illinois Tool Works Inc. (ITW) announced the company is reaffirming its 2016 full-year EPS guidance of $5.35 to $5.55, which is a year-over-year increase of 6 percent at the midpoint. Organic revenue is projected to be up 1 to 3 percent. Operating margin is projected to be approximately 22.5 percent, an increase of more than 100 basis points year-over-year.

Analysts polled by Thomson Reuters expect the company to report profit per share of $5.43 for the fiscal year. Analysts' estimates typically exclude special items.

For the first quarter 2016, the company expects EPS to be in a range of $1.20 to $1.30 and operating margin to be approximately 21.5 percent. Organic revenue is forecast to be flat to up 2 percent.