Illinois Tool Benefits From Business Strength Amid Headwinds

Zacks00:19

Illinois Tool Works Inc. ITW has been benefiting from strength in the Automotive Original Equipment Manufacturer segment, supported by the electric vehicles market. Organic revenues from the segment ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492319011?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/LHXL_mQ4csBp8jOUHZ7m4A--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/f36d3fed597825aa5142f8bfa39b4d2c","is_english":true,"pubTime":"2024-12-19 00:19","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2492319011","market":"us","top_or_hot":-1,"title":"Illinois Tool Benefits From Business Strength Amid Headwinds","media":"Zacks","content":"<div>\n<p>Illinois Tool Works Inc. ITW has been benefiting from strength in the Automotive Original Equipment Manufacturer segment, supported by the electric vehicles market. Organic revenues from the segment ...</p>\n\n<a href=\"https://finance.yahoo.com/news/illinois-tool-benefits-business-strength-161900635.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Illinois Tool Benefits From Business Strength Amid Headwinds</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIllinois Tool Benefits From Business Strength Amid Headwinds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-19 00:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/illinois-tool-benefits-business-strength-161900635.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Illinois Tool Works Inc. ITW has been benefiting from strength in the Automotive Original Equipment Manufacturer segment, supported by the electric vehicles market. Organic revenues from the segment ...</p>\n\n<a href=\"https://finance.yahoo.com/news/illinois-tool-benefits-business-strength-161900635.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ITW","symbol_name":"伊利诺伊机械","start_time":0,"source_url":"https://finance.yahoo.com/news/illinois-tool-benefits-business-strength-161900635.html","article_id":"2492319011","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/LHXL_mQ4csBp8jOUHZ7m4A--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/f36d3fed597825aa5142f8bfa39b4d2c"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492319011","pubTimestamp":1734538740,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"In the past three months, this Zacks Rank #3  company has gained 3.8% compared with the industry’s 1.5% growth.However, softness in the MTS test & simulation business and lower demand in the semiconductor and consumer electronics end markets are denting revenues at the Test & Measurement and Electronics segment. The segment’s organic revenues fell 2% year over year in the first nine months of 2024.Also, softness in the consumables and equipment business due to declining demand in the commercial, industrial, general industrial, and oil and gas end markets is worrisome for the Welding segment. The segment’s revenues declined 3.1% year over year in the first nine months of 2024.The company's high debt level remains another concern. Its long-term debt balance at the end of third-quarter 2024 remained high at $6.6 billion, up 3.1% on a sequential basis. Exiting the third quarter, its short-term debt totaled $1.8 billion. Considering its high debt level, the company’s cash and cash equivalen","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ITW":"伊利诺伊机械","BK4161":"工业机械","BK4204":"教育服务","GHM":"Graham Corp","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","IE00B64QTZ34.USD":"NEUBERGER BERMAN US SMALL CAP \"A\" (USD) ACC","GHC":"格雷厄姆控股","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","IE00BLDYK493.USD":"NEUBERGER BERMAN US SMALL CAP \"A\" (USD) INC","BK4588":"碎股","LU0823414478.USD":"法巴经典能源转换基金","RBC":"RBC轴承","BK4096":"电气部件与设备","LU2065731478.USD":"ALLSPRING (LUX) WORLDWIDE FUND - SMALL CAP INNOVA \"I\" (USD) ACC","GNRC":"Generac控股","RRX":"Regal Rexnord","BK4585":"ETF&股票定投概念","LU1878469433.USD":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC"},"translate_title":"伊利诺伊州工具公司在逆风中受益于业务实力","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RBC":1,"ITW":1,"GNRC":1,"GHM":1,"RRX":0.9,"GHC":0.9},"content_text":"Illinois Tool Works Inc. ITW has been benefiting from strength in the Automotive Original Equipment Manufacturer segment, supported by the electric vehicles market. Organic revenues from the segment inched up 0.3% in the first nine months of 2024. The company is benefiting from strength in the Specialty Products segment, driven by strong momentum in the ground support equipment, specialty films and consumer packaging businesses and increasing demand in the appliance business. Organic revenues from the segment jumped 6% in the first nine months of 2024. Also, growth in the institutional end markets in North America, along with higher demand in the European warewash and cooking end markets, has been aiding the Food Equipment segment. Organic revenues from the segment inched up about 0.3% in the first nine months of the year.The company is also benefiting from its enterprise initiatives, which focus on enhancing operational efficiency, optimizing the supply chain and building innovative solutions based on demand. Its cost of sales decreased 5.2% year over year in the first nine months of 2024. Also, in the same period, its operating margin of 30.9% increased 450 basis points as enterprise initiatives contributed 130 basis points.The company expects the operating margin to be in the range of 26.5-27% for 2024 compared with 25.1% in 2023. Enterprise initiatives are expected to contribute more than 100 basis points to the operating margin in 2024.Management is committed to rewarding shareholders through dividend payouts and share repurchases. In the first nine months of 2024, ITW paid dividends worth $1.3 billion and repurchased shares worth $1.1 billion. In August 2024, it hiked its dividend by 7% to $1.50 per share.\nITW Stock’s Price Performance\nImage Source: Zacks Investment Research\nIn the past three months, this Zacks Rank #3 (Hold) company has gained 3.8% compared with the industry’s 1.5% growth.However, softness in the MTS test & simulation business and lower demand in the semiconductor and consumer electronics end markets are denting revenues at the Test & Measurement and Electronics segment. The segment’s organic revenues fell 2% year over year in the first nine months of 2024. Also, softness in the consumables and equipment business due to declining demand in the commercial, industrial, general industrial, and oil and gas end markets is worrisome for the Welding segment. The segment’s revenues declined 3.1% year over year in the first nine months of 2024.The company's high debt level remains another concern. Its long-term debt balance at the end of third-quarter 2024 remained high at $6.6 billion, up 3.1% on a sequential basis. Exiting the third quarter, its short-term debt totaled $1.8 billion. Considering its high debt level, the company’s cash and cash equivalents of $947 million do not look impressive.\nStocks to Consider\nSome better-ranked companies are discussed below.Graham Corporation GHM currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.GHM delivered a trailing four-quarter average earnings surprise of 101.9%. In the past 60 days, the Zacks Consensus Estimate for Graham’s fiscal 2025 earnings has increased 8.4%.RBC Bearings Incorporated RBC presently carries a Zacks Rank #2 (Buy). The company delivered a trailing four-quarter average earnings surprise of 2.5%.In the past 60 days, the consensus estimate for RBC’s fiscal 2025 earnings has increased 0.5%.Generac Holdings Inc. GNRC presently carries a Zacks Rank of 2. It has a trailing four-quarter average earnings surprise of 10.8%.The Zacks Consensus Estimate for GNRC’s 2024 earnings has increased 5.6% in the past 60 days.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nIllinois Tool Works Inc. (ITW) : Free Stock Analysis Report\nRBC Bearings Incorporated (RBC) : Free Stock Analysis Report\nGraham Corporation (GHM) : Free Stock Analysis Report\nGenerac Holdings Inc. (GNRC) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492319011"}