Illinois Tool Works Inc Reports 15% Increase In Q1 Bottom Line

(RTTNews) - Illinois Tool Works Inc (ITW) reported earnings for its first quarter that climbed compared to the same period last year.

The company said its bottom line came in at $536 million, or $1.54 per share. This was higher than $468 million, or $1.29 per share, in last year's first quarter.

Analysts had expected the company to earn $1.45 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.1% to $3.47 billion. This was up from $3.27 billion last year.

Illinois Tool Works Inc earnings at a glance:

-Earnings (Q1): $536 Mln. vs. $468 Mln. last year. -Earnings Growth (Y-o-Y): 14.5% -EPS (Q1): $1.54 vs. $1.29 last year. -EPS Growth (Y-o-Y): 19.4% -Analysts Estimate: $1.45 -Revenue (Q1): $3.47 Bln vs. $3.27 Bln last year. -Revenue Change (Y-o-Y): 6.1%

-Guidance: Next quarter EPS guidance: $1.55 - $1.65 Full year EPS guidance: $6.20 - $6.40