-SEC Filing
Why Manufacturing Company Illinois Tool Works Shares Are Down Today
Illinois Tool Works Inc (ITW) faces a 2.43% share decline as Q4 financials reveal flat Y/Y revenue at $3.98 billion, missing consensus. Despite beating earnings estimates with an adjusted EPS of $2.42, the company's cautious outlook for FY24, with a GAAP EPS guidance of $10.00-$10.40 per share, contributes to the market reaction.