Summary
Illinois Tool Works Inc. (ITW) filed an 8-K on July 29, 2019, to clarify its 2019 revenue guidance following its second-quarter earnings conference call. The company announced an updated estimated revenue range for the full year 2019, adjusting it to $14.1 billion to $14.3 billion. This revised range accounts for the full impact of estimated foreign currency translation, which was not fully reflected in the initial presentation released on July 26, 2019.
Key Highlights
- 1ITW revised its full-year 2019 revenue guidance.
- 2The new estimated revenue range for 2019 is $14.1 billion to $14.3 billion.
- 3The initial guidance range provided on July 26, 2019, was $14.3 billion to $14.5 billion.
- 4The revision is due to a more complete inclusion of the estimated impact of foreign currency translation.
- 5An updated presentation reflecting this change has been posted on the company's website.