ITW
$125.20
Illinois Tool Works
($.10)
(.08%)

Earnings History

Earnings
Revenue
Reaction
Drift
EPS In-line/Revenue Above
Q 12/2011
12/19/2011
8:00:00 AM
$0.86 to $0.94
$0.89
$4.39 bill
-0.8%
2.8%
Guidance:
Consensus:
Illinois Tool Works Raises Revenue Guidance

Illinois Tool Works, Inc. said it continues to expect fourth quarter earnings of $0.86 to $0.94 per share but now expects revenue of $4.57 billion to $4.69 billion. The company's previous guidance was revenue of $4.40 billion to $4.52 billion and the current consensus earnings estimate is $0.89 per share on revenue of $4.39 billion for the quarter ending December 31, 2011.
Q1 Below/FY In-Line
FY 2012
1/31/2012
8:00:00 AM
$4.02 to $4.26
-0.3%
5.0%
Guidance:
Consensus:
Illinois Tool Works Sees First Quarter Below Estimates; 2012 In-line

Illinois Tool Works, Inc. said it expects first quarter earnings of $0.89 to $0.97 per share and 2012 earnings of $4.02 to $4.26 per share. The current consensus earnings estimate is $0.99 per share for the quarter ending March 31, 2012 and $4.14 per share for the year ending December 31, 2012.
Raises Guidance In-line with Estimates
FY 2012
4/24/2012
8:00:00 AM
$4.14 to $4.38
earnings of $4.15
2.6%
3.4%
Guidance:
Consensus:
Illinois Tool Works Raises Guidance, but Remains In-line with Estimates

Illinois Tool Works, Inc. said it expects second quarter earnings of $1.08 to $1.16 per share and 2012 earnings of $4.14 to $4.38 per share. The company's previous guidance was 2012 earnings of $4.02 to $4.26 per share. The current consensus earnings estimate is $1.08 per share for the quarter ending June 30, 2012 and earnings of $4.15 per share for the year ending December 31, 2012.
Lowers Guidance In-line with Estimates
FY 2012
7/24/2012
8:00:00 AM
$4.03 to $4.19
earnings of $4.18
-2.4%
0.6%
Guidance:
Consensus:
Illinois Tool Works Lowers Guidance, but Remains In-line with Estimates

Illinois Tool Works, Inc. said it expects third quarter earnings of $1.03 to $1.11 per share and now expects 2012 earnings of $4.03 to $4.19 per share. The company's previous guidance was 2012 earnings of $4.14 to $4.38 per share. The current consensus earnings estimate is $1.10 per share for the quarter ending September 30, 2012 and earnings of $4.18 per share for the year ending December 31, 2012.
In-line Guidance
Q 09/2012
8/16/2012
9:30:00 AM
$1.03 to $1.11
$1.06
3.6%
2.0%
Guidance:
Consensus:
Illinois Tool Works Reaffirms

Illinois Tool Works, Inc. said it continues to expect third quarter earnings of $1.03 to $1.11 per share. The current consensus earnings estimate is $1.06 per share for the quarter ending September 30, 2012.
EPS Below Estimates
FY 2012
10/23/2012
8:00:00 AM
$4.06 to $4.14
0.3%
2.7%
Guidance:
Consensus:
Illinois Tool Works Guides Below Estimates

Illinois Tool Works, Inc. said it expects fourth quarter earnings of $0.86 to $0.94 per share. The current consensus earnings estimate is $0.98 per share for the quarter ending December 31, 2012.
Reaffirms
Q 12/2012
12/14/2012
8:30:00 AM
$0.86 to $0.94
$0.92
$4.16 bill
-3.6%
-1.3%
Guidance:
Consensus:
Illinois Tool Works Reaffirms

Illinois Tool Works, Inc. said during its investor meeting it continues to expect fourth quarter earnings of $0.86 to $0.94 per share, excluding items, on revenue of $4.15 billion to $4.28 billion. The current consensus earnings estimate is $0.92 per share on revenue of $4.16 billion for the quarter ending December 31, 2012.
EPS Below Estimates
Q 03/2013
1/29/2013
8:00:00 AM
$0.91 to $0.99
$1.02
-2.0%
-1.9%
Guidance:
Consensus:
Illinois Tool Works Guides Below Estimates

Illinois Tool Works, Inc. said it expects first quarter earnings of $0.91 to $0.99 per share. The current consensus earnings estimate is $1.02 per share for the quarter ending March 31, 2013. The company also said it expects 2013 earnings of $4.13 to $4.37 per share. The current consensus earnings estimate is $4.38 per share for the year ending December 31, 2013.
Narows Guidance
FY 2013
4/23/2013
8:00:00 AM
$4.15 to $4.35
earnings of $4.27
3.3%
4.9%
Guidance:
Consensus:
Illinois Tool Works Narrows Guidance

Illinois Tool Works, Inc. said it expects second quarter earnings of $1.04 to $1.12 per share and now expects 2013 earnings of $4.15 to $4.35 per share. The company's previous guidance was 2013 earnings of $4.13 to $4.37 per share. The current consensus earnings estimate is $1.12 per share for the quarter ending June 30, 2013 and earnings of $4.27 per share for the year ending December 31, 2013.
In-line Guidance
Q 09/2013
7/23/2013
8:00:00 AM
$1.06 to $1.16
$1.13
-2.8%
-0.9%
Guidance:
Consensus:
Illinois Tool Works Provides Guidance

Illinois Tool Works, Inc. said it expects third quarter earnings of $1.06 to $1.16 per share and now expects 2013 earnings of $4.10 to $4.30 per share, including a one-time $0.05 per share charge. The company's previous guidance was 2013 earnings of $4.15 to $4.35 per share. The current consensus earnings estimate is $1.13 per share for the quarter ending September 30, 2013 and earnings of $4.24 per share for the year ending December 31, 2013.
Revises Guidance
FY 2013
9/24/2013
9:00:00 AM
$3.50 to $3.66
$4.20
2.3%
0.0%
Guidance:
Consensus:
Illinois Tool Works Revises Guidance

Illinois Tool Works, Inc. said with its Industrial Packaging segment now included as part of discontinued operations, it expects third quarter earnings of $0.84 to $0.92 per share. The company's previous guidance was earnings of $1.06 to $1.16 per share and the current consensus earnings estimate is $1.11 per share for the quarter ending September 30, 2013. The company also said it expects 2013 earnings of $3.50 to $3.66 per share. The company's previous guidance was earnings of $4.15 to $4.35 per share and the current consensus earnings estimate is $4.20 per share for the year ending December 31, 2013.
EPS Below Estimates
Q 12/2013
10/21/2013
7:40:00 PM
$0.85 to $0.93
$1.01
0.6%
1.7%
Guidance:
Consensus:
Illinois Tool Works Guides Below Estimates

Illinois Tool Works, Inc. said it expects fourth quarter earnings of $0.85 to $0.93 per share. The current consensus earnings estimate is $1.01 per share for the quarter ending December 31, 2013.
In-line Guidance
FY 2014
12/6/2013
7:00:00 AM
$4.30 to $4.50
2.0%
-0.7%
Guidance:
Consensus:
Illinois Tool Works Sees 2014 In-line with Estimates

Illinois Tool Works, Inc. said it continues to expect 2013 earnings of $3.56 to $3.64 per share and said it expects 2014 earnings of $4.30 to $4.50 per share. The current consensus earnings estimate is $3.62 per share for the year ending December 31, 2013 and $4.47 per share for the year ending December 31, 2014.
Reaffirms
FY 2014
1/28/2014
8:00:00 AM
$4.30 to $4.50
0.9%
-3.0%
Guidance:
Consensus:
ITW Reaffirms

Illinois Tool Works, Inc. said it continues to expect 2014 earnings of $4.30 to $4.50 per share. The current consensus earnings estimate is $4.46 per share for the year ending December 31, 2014.
Raises Guidance In-line with Estimates
FY 2014
4/22/2014
8:00:00 AM
$4.45 to $4.65
$4.46
0.6%
-1.4%
Guidance:
Consensus:
Illinois Tool Works Raises Guidance, but Remains In-line with Estimates

Illinois Tool Works, Inc. said it expects second quarter earnings of $1.16 to $1.24 per share and now expects 2014 earnings of $4.45 to $4.65 per share. The company's previous guidance was 2014 earnings of $4.30 to $4.50 per share. The current consensus earnings estimate is $1.16 per share for the quarter ending June 30, 2014 and $4.46 per share for the year ending December 31, 2014.
In-line Guidance
Q 09/2014
7/29/2014
8:00:15 AM
$1.19 to $1.27
$1.23
-1.5%
-2.1%
Guidance:
Consensus:
Illinois Tool Works Narrows Guidance

Illinois Tool Works, Inc. said it expects third quarter earnings of $1.19 to $1.27 per share and 2014 earnings of $4.50 to $4.62 per share. The company's previous guidance was 2014 earnings of $4.45 to $4.65 per share. The current consensus earnings estimate is $1.23 per share for the quarter ending September 30, 2014 and $4.57 per share for the year ending December 31, 2014.
In-line Guidance
Q 12/2014
10/21/2014
8:01:22 AM
$1.07 to $1.15
$1.13
3.8%
4.7%
Guidance:
Consensus:
Illinois Tool Works Guides Fourth Quarter In-line

Illinois Tool Works, Inc. said it expects fourth quarter earnings of $1.07 to $1.15 per share. The current consensus earnings estimate is $1.13 per share for the quarter ending December 31, 2014.
Provides Guidance
FY 2014
12/5/2014
8:45:06 AM
$4.57 to $4.65
$4.62
0.5%
-2.9%
Guidance:
Consensus:
Illinois Tool Works Provides Guidance

Illinois Tool Works, Inc. said it continues to expect 2014 earnings of $4.57 to $4.65 per share. The current consensus earnings estimate is $4.62 per share for the year ending December 31, 2014. The company also said it expects 2015 earnings of $5.15 to $5.35 per share. The current consensus earnings estimate is $5.23 per share for the year ending December 31, 2015.
Reaffirms
Q 03/2015
1/27/2015
8:08:00 AM
$1.13 to $1.21
$1.20
-0.3%
2.7%
Guidance:
Consensus:
Illinois Tool Works Reaffirms

Illinois Tool Works, Inc. said it expects first quarter earnings of $1.13 to $1.21 per share and continues to expect 2015 earnings of $5.15 to $5.35 per share. The current consensus earnings estimate is $1.20 per share for the quarter ending March 31, 2015 and $5.23 per share for the year ending December 31, 2015.
In-line Guidance
FY 2015
4/21/2015
8:00:20 AM
$5.00 to $5.20
$5.20
-2.7%
-0.8%
Guidance:
Consensus:
Illinois Tool Works Lowers Guidance, but 2015 Remains In-line with Estimates

Illinois Tool Works, Inc. said it expects second quarter earnings of $1.22 to $1.30 per share and now expects 2015 earnings of $5.00 to $5.20 per share. The company's previous guidance was 2015 earnings of $5.15 to $5.35 per share. The current consensus earnings estimate is $1.36 per share for the quarter ending June 30, 2015 and $5.20 per share for the year ending December 31, 2015.
Raises Guidance In-line with Estimates
FY 2015
7/22/2015
8:00:18 AM
$5.07 to $5.23
$5.12
-2.8%
-3.7%
Guidance:
Consensus:
Illinois Tool Works Raises Guidance, but Remains In-line with Estimates

Illinois Tool Works, Inc. said it expects third quarter earnings of $1.32 to $1.40 per share and 2015 earnings of $5.07 to $5.23 per share. The company's previous guidance was for 2015 earnings of $5.00 to $5.20 per share. The current consensus earnings estimate is $1.37 per share for the quarter ending September 30, 2015 and $5.12 per share for the year ending December 31, 2015.
EPS Below Estimates
Q 12/2015
10/21/2015
8:00:07 AM
$1.15 to $1.25
$1.26
0.5%
9.5%
Guidance:
Consensus:
Illinois Tool Works Sees Earnings Below Estimates

Illinois Tool Works, Inc. said it expects fourth quarter earnings of $1.15 to $1.25 per share. The current consensus earnings estimate is $1.26 per share for the quarter ending December 31, 2015.
In-line Guidance
FY 2016
12/4/2015
8:20:32 AM
$5.35 to $5.55
2.1%
-1.0%
Guidance:
Consensus:
Illinois Tool Works Guides 2016 In-line with Estimates

Illinois Tool Works, Inc. said it expects 2016 earnings of $5.35 to $5.55 per share. The current consensus earnings estimate is $5.51 per share for the year ending December 31, 2016.
Reaffirms
FY 2016
1/27/2016
8:02:36 AM
$5.35 to $5.55
2.3%
2.8%
Guidance:
Consensus:
Illinois Tool Works Reaffirms

Illinois Tool Works, Inc. said it continues to expect 2016 earnings of $5.35 to $5.55 per share. The current consensus earnings estimate is $5.44 per share for the year ending December 31, 2016.
Raises Guidance In-line with Estimates
FY 2016
4/20/2016
8:00:52 AM
$5.40 to $5.60
$5.47
-1.2%
0.8%
Guidance:
Consensus:
Illinois Tool Works Raises Guidance, but Remains In-line with Estimates

Illinois Tool Works, Inc. said it expects second quarter earnings of $1.34 to $1.44 per share and now expects 2016 earnings of $5.40 to $5.60 per share. The company's previous guidance was 2016 earnings of $5.35 to $5.55 per share. The current consensus earnings estimate is $1.38 per share for the quarter ending June 30, 2016 and $5.47 per share for the year ending December 31, 2016.
Raises Guidance In-line with Estimates
FY 2016
7/20/2016
8:02:30 AM
$5.50 to $5.70
$5.51
2.8%
2.9%
Guidance:
Consensus:
Illinois Tool Works Raises Guidance, but Remains In-line with Estimates

Illinois Tool Works, Inc. said it expects third quarter earnings of $1.42 to $1.52 per share and now expects 2016 earnings of $5.50 to $5.70 per share. The company's previous guidance was for 2016 earnings of $5.40 to $5.60 per share. The current consensus earnings estimate is $1.46 per share for the quarter ending September 30, 2016 and $5.51 per share for the year ending December 31, 2016.
In-line Guidance
Q 12/2016
10/20/2016
8:01:26 AM
$1.31 to $1.41
$1.39
-2.1%
-0.4%
Guidance:
Consensus:
Illinois Tool Works Guides In-line

Illinois Tool Works, Inc. said it expects fourth quarter earnings of $1.31 to $1.41 per share. The current consensus earnings estimate is $1.39 per share for the quarter ending December 31, 2016.
In-line Guidance
FY 2017
12/2/2016
10:17:03 AM
$6.00 to $6.20
-
-
Guidance:
Consensus:
Illinois Tool Works Guides 2017 In-line with Estimates

Illinois Tool Works, Inc. said it expects 2017 earnings of $6.00 to $6.20 per share. The current consensus earnings estimate is $6.13 per share for the year ending December 31, 2017.
Date
Grade
Actual
Earnings
Whisper
Consensus
Estimate
Surprise
Growth
Gap
Drift
1/31/2012
8:00:00 AM
Dec '11
Q4 '11
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G B
EPS
Rev
$0.90
$4.3 Bil
$0.90
$0.88
$4.4 Bil
-
-0.9%
11.3%
3.6%
-0.1%
5.0%
4/24/2012
8:00:00 AM
Mar '12
Q1 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G B
EPS
Rev
$0.97
$4.5 Bil
$0.97
$0.95
$4.6 Bil
-
-1.2%
2.7%
3.6%
0.5%
3.4%
7/24/2012
8:00:00 AM
Jun '12
Q2 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G A-
EPS
Rev
$1.11
$4.7 Bil
$1.08
$1.10
$4.9 Bil
2.8%
-4.8%
9.0%
0.9%
0.8%
0.6%
10/23/2012
8:00:00 AM
Sep '12
Q3 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C
EPS
Rev
$1.09
$4.5 Bil
$1.06
$1.06
$4.6 Bil
2.8%
-1.5%
4.3%
-1.7%
-1.4%
2.7%
1/29/2013
8:00:00 AM
Dec '12
Q4 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D+
EPS
Rev
$0.89
$4.2 Bil
$0.92
$0.90
$4.2 Bil
-3.3%
1.7%
-4.3%
-2.3%
-2.1%
-1.9%
4/23/2013
8:00:00 AM
Mar '13
Q1 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C
EPS
Rev
$0.96
$4.0 Bil
-
$0.96
$4.3 Bil
-
-6.3%
-7.3%
-11.8%
1.3%
4.9%
7/23/2013
8:00:00 AM
Jun '13
Q2 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D+
EPS
Rev
$1.08
$4.2 Bil
$1.11
$1.09
$4.3 Bil
-2.7%
-1.7%
-7.5%
-9.4%
-1.4%
-0.9%
10/21/2013
7:40:00 PM
Sep '13
Q3 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D
EPS
Rev
$0.99
$3.6 Bil
$1.09
$1.10
$4.2 Bil
-9.2%
-14.8%
-12.7%
-20.7%
0.4%
1.7%
1/28/2014
8:00:00 AM
Dec '13
Q4 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D
EPS
Rev
$0.92
$3.6 Bil
$0.93
$0.91
$3.5 Bil
-1.1%
1.0%
-2.7%
-15.8%
2.0%
-3.0%
4/22/2014
8:00:00 AM
Mar '14
Q1 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$1.01
$3.6 Bil
$1.00
$0.98
$3.6 Bil
1.0%
0.0%
-1.9%
-11.0%
1.6%
-1.4%
7/29/2014
8:00:15 AM
Jun '14
Q2 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D-
EPS
Rev
$1.21
$3.7 Bil
$1.23
$1.20
-
-1.6%
-
1.3%
-11.9%
-0.3%
-2.1%
10/21/2014
8:01:22 AM
Sep '14
Q3 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$1.28
$3.7 Bil
-
$1.23
$3.7 Bil
4.1%
0.3%
13.7%
3.5%
2.9%
4.7%
1/27/2015
8:00:00 AM
Dec '14
Q4 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D+
EPS
Rev
$1.18
$3.5 Bil
$1.14
$1.13
$3.6 Bil
3.5%
-2.4%
13.3%
-1.4%
-0.4%
2.7%
4/21/2015
8:00:20 AM
Mar '15
Q1 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$1.21
$3.3 Bil
$1.21
$1.17
$3.5 Bil
-
-3.7%
7.0%
-6.4%
-1.1%
-0.8%
7/22/2015
8:00:18 AM
Jun '15
Q2 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$1.30
$3.4 Bil
$1.27
$1.28
$3.5 Bil
2.4%
-0.5%
-2.8%
-7.7%
0.7%
-3.7%
10/21/2015
8:00:07 AM
Sep '15
Q3 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D+
EPS
Rev
$1.39
$3.4 Bil
-
$1.36
$3.4 Bil
2.2%
-2.2%
0.8%
-9.2%
-1.2%
9.5%
1/27/2016
8:02:36 AM
Dec '15
Q4 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$1.23
$3.3 Bil
-
$1.21
$3.2 Bil
1.7%
1.1%
-2.4%
-6.5%
3.8%
2.8%
4/20/2016
8:00:52 AM
Mar '16
Q1 '16
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D+
EPS
Rev
$1.29
$3.3 Bil
$1.28
$1.26
$3.3 Bil
0.8%
0.7%
2.2%
-2.0%
-0.9%
0.8%
7/20/2016
8:02:30 AM
Jun '16
Q2 '16
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$1.46
$3.4 Bil
$1.42
$1.40
$3.4 Bil
2.8%
0.5%
9.4%
-0.1%
1.3%
2.9%
10/20/2016
8:01:26 AM
Sep '16
Q3 '16
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G F
EPS
Rev
$1.50
$3.5 Bil
$1.51
$1.49
$3.5 Bil
-0.7%
0.1%
3.3%
4.2%
-1.7%
-0.4%
EPS
Rev
-
-
-
$1.38
$3.4 Bil
-
-
12.2%
4.1%
EPS
Rev
-
-
-
$1.44
$3.4 Bil
-
-
11.6%
4.2%
1/31/2011
$53.49
$3.03
$15.87 Bil
-
-
-
1/31/2012
$53.03
$4.08
$17.79 Bil
34.7%
12.1%
-0.9%
1/29/2013
$64.14
$4.09
$17.92 Bil
0.2%
0.8%
21.0%
1/28/2014
$79.01
$3.63
$14.14 Bil
-11.2%
-21.1%
23.2%
1/27/2015
$93.46
$4.67
$14.48 Bil
28.7%
2.5%
18.3%
1/27/2016
$86.21
$5.13
$13.41 Bil
9.9%
-7.4%
-7.8%
1/27/2017
$125.20
$5.63
$13.61 Bil
9.7%
1.5%
45.2%
1/27/2018
$100.91
$6.13
$14.06 Bil
8.9%
3.3%
-19.4%
1/27/2019
-
$6.70
-
9.3%
-
-

Price Projection

Current Value
$92
-26%
Projected Price
$101
-19%