WASHINGTON (dpa-AFX) - Illinois Tool Works Inc. (ITW), while announcing
fourth-quarter results on Thursday said that it expects full-year earnings and
revenue to increase from the prior year.

In addition, the maker of industrial products and equipment revealed a plan to
repurchase around $1.5 billion of shares in the full year 2024.

The company expects annual net income per share of $10 to $10.40, a
year-over-year increase of 5 percent at the mid-point. For the full-year 2023,
ITW reported net income per share of $9.74.

On average, 18 analysts polled by Thomson Reuters expect the company to register
income per share of $10.18, for the year. Analysts' estimates typically exclude
special items.

Based on its current demand levels, the company projects an annual revenue
growth of 2 percent to 4 percent. For the full year 2023, the equipment maker
reported revenue of $16.107 billion.

Analysts, on average, forecast the company to post revenue of $16.52 billion,
for the year.



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