01.02.2024 - Fourth Quarter 2023 Highlights Revenue of $4.0 billion, essentially flatOperating margin of 24.8% as enterprise initiatives contributed 150 bpsGAAP EPS of $2.38 included $(0.04) impact from the devaluation of Argentina’s currency 2023 Highlights .
Illinois Tool Works Inc (ITW) faces a 2.43% share decline as Q4 financials reveal flat Y/Y revenue at $3.98 billion, missing consensus. Despite beating earnings estimates with an adjusted EPS of $2.42, the company's cautious outlook for FY24, with a GAAP EPS guidance of $10.00-$10.40 per share, contributes to the market reaction.