Illinois Tool Works Q4 Profit Rises - Quick Facts

(RTTNews) - Illinois Tool Works Inc. (ITW) reported fourth-quarter income from continuing operations of $461 million or $1.18 per share, compared to $407 million or $0.92 per share, prior year.

On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $1.13 for the quarter. Analysts' estimates typically exclude special items.

Operating revenue decreased to $3.50 billion from $3.55 billion last year. Analysts expected revenue of $3.59 billion for the quarter.

ITW confirmed its 2015 full-year EPS guidance range of $5.15 to $5.35. Organic revenue growth for the year is expected to be 2.5 to 3.5 percent. Total revenue for the year is projected to decline 1 to 2 percent due to the impact of foreign currency translation. Analysts expect the company to report full year 2015 earnings per share of $5.25.

For the first quarter 2015, the company forecasts EPS to be in a range of $1.13 to $1.21. In the first quarter, the company expects 2 to 3 percent organic revenue growth and total revenue to decline 2 to 3 percent due to the impact of currency translation. Analysts expect the company to report first-quarter earnings per share of $1.19.