Illinois Tool Works falls after forecasting annual profit below estimates

Illinois Tool Works

05/02/2025 19:03

** Equipment manufacturer Illinois Tool Works'  ITW.N 
shares down as much as 3.9% at $244.69
    ** Company forecasts 2025 profit below estimates on slow
demand and currency exchange impacts
    ** Sees 2025 EPS between $10.15 and $10.55 vs estimates of
$10.62 — LSEG
    ** Co also posted Q4 revenue of $3.93 billion, below
estimates of $3.99 billion, and adjusted EPS of $2.54, missing
expectations of $2.50
    ** ITW fell 3.2% in 2024

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com))