Oct 24 (Reuters) - Illinois Tool Works ( ITW ) narrowed

its annual profit forecast range on Friday, as the industrial

parts maker expects supply chain snarls due to U.S. tariffs.

Shares of the company fell nearly 4% in premarket trading.

U.S. President Donald Trump's tariff policies have driven up

prices of raw materials, forcing companies such as Illinois Tool

Works ( ITW ) to raise prices and reshore supply chains to preserve

margins.

The company now expects 2025 profit between $10.40 and

$10.50 per share, compared with its prior projection of $10.35

to $10.55 per share.

But it posted a third-quarter profit of $2.81 per share,

beating analysts' estimates of $2.71 per share, according to

data compiled by LSEG.

The automotive OEM segment was the biggest contributor to

overall revenue with $830 million, compared with $772 million a

year ago.

The company supplies components and fasteners to automakers

including Ford and BMW.

Its overall quarterly revenue rose 2.3% to $4.06 billion,

missing analysts' average estimate of $4.08 billion.