Summary
Illinois Tool Works Inc. (ITW) filed an amendment to its Quarterly Report on Form 10-Q for the period ending March 31, 2008. This amendment primarily focuses on providing additional disclosure regarding changes to the Company's By-Laws, rather than significant financial statement revisions. The key change disclosed is the reduction in the size of the Board of Directors from 11 to 10 members, effective May 2, 2008, following the retirement of Michael J. Birck from the Board.
Financial Highlights
29 data pointsBeta
Financial Statements
Beta
| Revenue | $4.46B |
| Cost of Revenue | $2.94B |
| Gross Profit | $1.53B |
| Operating Income | $671.00M |
| Interest Expense | -$38.24M |
| Net Income | $453.52M |
| EPS (Basic) | $0.88 |
| EPS (Diluted) | $0.87 |
| Shares Outstanding (Basic) | 517.91M |
| Shares Outstanding (Diluted) | 521.09M |
Key Highlights
- 1Amendment No. 1 to Form 10-Q filed for the quarter ended March 31, 2008.
- 2The primary purpose of the amendment is to provide expanded disclosure on changes to the Company's By-Laws.
- 3Michael J. Birck retired from the Board of Directors effective May 2, 2008.
- 4The Board of Directors amended Article III, Section 2 of the By-Laws to reduce the number of directors from 11 to 10.
- 5This change became effective on May 2, 2008.
- 6The filing explicitly states that it does not amend, update, or change the financial statements or other disclosures in the original filing, except for the By-Law information.