Itw reports fourth quarter and full year 2023 results

Fourth quarter 2023 highlights revenue of $4.0 billion, essentially flat operating margin of 24.8% as enterprise initiatives contributed 150 bps gaap eps of $2.38 included $(0.04) impact from the devaluation of argentina's currency 2023 highlights revenue of $16.1 billion, an increase of 1% with organic growth of 2% operating income of $4 billion, an increase of 7% operating margin of 25.1%, an increase of 130 bps gaap eps of $9.74, an increase of 6% excluding $0.60 of divestiture gains in 2022 2024 guidance revenue growth of 2 to 4% with organic growth of 1 to 3% operating margin of 25.5 to 26.5% with enterprise initiatives contributing approximately 100 bps gaap eps of $10.00 to $10.40, a year-over-year increase of 5% at the mid-point glenview, ill., feb. 01, 2024 (globe newswire) -- illinois tool works inc. (nyse: itw) today reported its fourth quarter and full year 2023 results and initiated guidance for full year 2024.
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