By Denny Jacob

Illinois Tool Works posted higher top- and bottom-line results in the latest quarter.

The manufacturing company logged net income of $772 million, or $2.55 a share, for the third quarter ended Sept. 30, up from $727 million, or $2.35 a share, a year earlier. Analysts polled by FactSet had expected earnings of $2.46 a share.

Operating revenue edged up to $4.03 billion from $4.01 billion a year ago. Analysts polled by FactSet had expected $4.01 billion.

Chief Executive Scott Santi said while the company expects some impact from ongoing automotive industry labor actions on its automotive OEM segment in the fourth quarter, it anticipates another strong year of performance in 2023.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

October 24, 2023 08:45 ET (12:45 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
Illinois Tool Works (NYSE:ITW)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024 Plus de graphiques de la Bourse Illinois Tool Works
Illinois Tool Works (NYSE:ITW)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024 Plus de graphiques de la Bourse Illinois Tool Works