ITW Stock Recent News

GLENVIEW, Ill., Oct. 04, 2024 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) will issue its third quarter 2024 results on Wednesday, October 30, 2024 at 7:00 a.m. CDT. Following the release, ITW will hold its third quarter 2024 earnings webcast at 9:00 a.m. CDT.

Weakness in the consumer electronics, semiconductor and general industrial end markets and increasing operating costs weigh on ITW. Unfavorable foreign currency movement is an added concern.

Income investors seek steady payouts, growth investors seek companies expected to grow at an above-average pace, and value investors seek deals hidden in plain sight.

Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has reported sustained helium flow following the completion of extended well test (EWT) operations at the Itumbula West-1 (ITW-1) well in Tanzania. The well flowed at a maximum rate of 2,701 barrels per day, equating to 834 standard cubic feet per day (scf/d) of helium – meanwhile, the company's internal modelling suggests the rate could increase to 6,176 scf/d using artificial lift in future production phases.

ITW gains from strength in its businesses, enterprise initiatives and shareholder-friendly moves. Softness in semiconductor-related business persists.

Emerson Electric is positioning itself in favorable end markets.  ITW is a well-run company that can afford to make sizeable dividend raises.

Illinois Tool Works showcases the advantages of the conglomerate business model. Management is executing despite a difficult operating environment.

GLENVIEW, Ill., Aug. 02, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) authorized a seven percent increase to the dividend payout to shareholders, representing a quarterly increase of $0.10 per share – or $0.40 per share annually – versus the current dividend rate. The Board also declared a dividend on the company's common stock of $1.50 per share for the third quarter of 2024. The dividend equates to $6.00 per share on a full-year basis. The dividend will be paid on October 11, 2024 to shareholders of record as of September 30, 2024.

Illinois Tool's (ITW) second-quarter 2024 results benefit from revenue growth in the Food Equipment and Specialty Products segments.

Illinois Tool Works Inc. (NYSE:ITW ) Q2 2024 Earnings Conference Call July 30, 2024 10:00 AM ET Company Participants Erin Linnihan - VP, IR Christopher O'Herlihy - President and CEO Michael Larsen - SVP and CFO Conference Call Participants Andy Kaplowitz - Citigroup Scott Davis - Melius Research Tami Zakaria - JPMorgan Joe Ritchie - Goldman Sachs Julian Mitchell - Barclays Walt Liptak - Seaport Global Operator Good morning. My name is Audra, and I will be your conference operator today.