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Illinois Tool Works Inc. (ITW), headquartered in Glenview, Illinois, is a leading manufacturer and seller of industrial products and equipment. Valued at $74.7 billion by market cap, the company provides industrial fluids and adhesives, tooling for specialty applications, welding products, and quality measurement equipment and systems. The global multi industry manufacturing leader is expected to announce its fiscal fourth-quarter earnings for 2024 before the market opens on Wednesday, Feb. 5.
Ahead of the event, analysts expect ITW to report a profit of $2.50 per share on a diluted basis, up 3.3% from $2.42 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports.
