Illinois Tool Works Inc. (NYSE: ITW), a global multi-industry manufacturer that produces a wide range of products, including engineered fasteners and special products, has posted higher revenues for the third quarter of FY25.
Third-quarter revenue increased 2% from last year to $4.1 billion; organic revenue rose 1%Earnings came in at $2.81 per share in Q3 compared to $3.91 per share in Q3 2024, which included a divestiture gain of $1.26 per shareNet income was $821 million in the September quarter, vs. $1.16 billion in the prior-year quarterOperating margin grew by 90 bps YoY to a record high of 27.4%, with enterprise initiatives contributing 140 bpsOperating cash flow was $1 billion during the three months; free cash flow rose 15% to $0.9 billion in Q3The management narrowed its full-year earnings per share guidance range to $10.40 to $10.50During the quarter, the company repurchased $375 million of shares and raised its dividend by 7%, bringing the annualized payout to $6.44 per share
The post Earnings Summary: Highlights of Illinois Tool Works’ (ITW) Q3 FY25 report first appeared on AlphaStreet.
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