08:24 AM EDT, 04/30/2024 (MT Newswires) -- Illinois Tool Works ( ITW ) reported Q1 earnings Tuesday of $2.73 per diluted share, up from $2.33 a year earlier.

Analysts polled by Capital IQ expected $2.36.

Operating revenue for the quarter ended March 31 was $3.97 billion, down from $4.02 billion a year earlier.

Analysts surveyed by Capital IQ expected $4.03 billion.

The equipment manufacturer said it now expects 2024 EPS of $10.30 to $10.70, up from its prior guidance of $10 to $10.40. Analysts polled by Capital IQ expect $10.14.

Revenue for the year is still expected to grow by 2% to 4%.

Illinois Tool Works' ( ITW ) shares were up 0.9% in premarket trading.

Price: 251.39, Change: +2.15, Percent Change: +0.86