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Illinois Tool Works 2Q Profit, Revenue Rise

By Dave Sebastian

 

Illinois Tool Works Inc.'s profit and revenue rose for the second quarter as the company said order intake rates in all segments and regions remained strong.

The Glenview, Ill.-based manufacturing company on Friday posted net income of $775 million, compared with $319 million in the year-ago period. Earnings were $2.45 a share, compared with $1.01 a share in the prior year.

Operating revenue rose to $3.68 billion from $2.56 billion. Analysts polled by FactSet were expecting $3.56 billion.

 

Write to Dave Sebastian at dave.sebastian@wsj.com

 

(END) Dow Jones Newswires

July 30, 2021 08:27 ET (12:27 GMT)

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