Itw reports fourth quarter and full year 2024 results

Fourth quarter 2024 highlights revenue of $3.9 billion, a decrease of 1.3% as organic growth declined 0.5%; organic growth of 0.4% turned positive excluding product line simplification (pls) reduction of 0.9% record operating margin of 26.2%, an increase of 140 bps as enterprise initiatives contributed 120 bps operating cash flow of $1.1b; record free cash flow of $1b, an increase of 10% with a conversion of 133% gaap eps of $2.54, an increase of 7% 2024 highlights revenue of $15.9 billion, a decrease of 1.3% as organic growth declined 0.7% in markets that were down low to mid-single digits record operating margin of 26.8% as enterprise initiatives contributed 130 bps record gaap eps of $11.71, an increase of 20% 2025 guidance above-market organic growth of 0 to 2% based on current levels of demand; organic growth of 1 to 3% excluding pls reduction of approximately 1%-point enterprise initiatives contributing approximately 100 bps to margin improvement gaap eps of $10.15 to $10.55 including foreign currency translation headwind of $0.30 glenview, ill., feb. 05, 2025 (globe newswire) -- illinois tool works inc. (nyse: itw) today reported its fourth quarter and full year 2024 results and initiated guidance for full year 2025.
ITW Ratings Summary
ITW Quant Ranking