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Dipanjan Banchur

FORGOTTEN HISTORY: What to expect from illinois tool works next quarterly earnings report - The Untold Story

ITW Illinois

Glenview, Illinois-based Illinois Tool Works Inc. (ITW) manufactures and sells industrial products and equipment. Valued at $71.41 billion by market cap, the company provides industrial fluids and adhesives, tooling for specialty applications, welding products, and quality measurement equipment and systems. The industrial products and equipment manufacturer is expected to announce its fiscal second-quarter earnings for 2024 before the market opens on Tuesday, Jul. 30. 

Ahead of the event, analysts expect ITW to report a profit of $2.46 per share on a diluted basis, up 2.1% from $2.41 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports. 

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