08:25 AM EDT, 10/30/2024 (MT Newswires) -- Illinois Tool Works ( ITW ) reported Q3 earnings Wednesday of $3.91 per diluted share, up from $2.55 a year earlier.

Analysts surveyed by Capital IQ expected $2.52.

Revenue for the quarter ended Sept. 30 was $3.97 billion, down from $4.03 billion a year earlier.

Analysts surveyed by Capital IQ expected $4.02 billion.

The company raised its 2024 EPS guidance to now be between $11.63 and $11.73 from the previous range of between $10.30 and $10.40. Analysts polled by Capital IQ expect $10.29.

Meanwhile, the company said it is maintaining its previous guidance of flat revenue and organic growth for the year. Analysts polled by Capital IQ expect revenue of $16.05 billion.

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