Illinois Tools Works, Inc, the Illinois based manufacturing company is undervalued, according to Wolfteam Ltd.'s projections and estimates.
With 16.11 billion USD in revenue, growing at 1.10 % with net profit margin of 18.36 % for the calendar 2023, Illionois Tool Works' intrinsic value is 89 billion USD compared with Illinois Tool Works' current market capitalization of 69.86 billion USD, in Wolfteam Ltd.'s view.
This is excerpt from Illinois Tool Works' first quarter 2024 earnings statement:
ITW Reports First Quarter 2024 Results
Revenue of $4.0 billion, organic growth declined (0.6)% as expected
Operating income of $1.13 billion, an increase of 16% includes $117 million benefit from a one-time LIFO
accounting change (“item”); ex-item, operating income was $1.01 billion, an increase of 4%
Operating margin of 28.4%, an increase of 420 bps; 25.4% ex-item, an increase of 120 bps as enterprise
initiatives contributed 140 bps
GAAP EPS of $2.73, an increase of 17%; EPS of $2.44 ex-item, an increase of 5%
Reaffirming full-year organic growth guidance of 1 to 3% and raising full-year GAAP EPS guidance by
$0.30 to a range of $10.30 to $10.70 per share
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