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.
Frequently Asked Questions
This filing is to provide updated and more precise 2019 revenue guidance for Illinois Tool Works Inc. (ITW), specifically incorporating the full impact of estimated foreign currency translation.
The revised estimated revenue range for the full year 2019 is now between $14.1 billion and $14.3 billion.
The guidance was revised because the initial presentation did not fully reflect the estimated impact of foreign currency translation. The new range incorporates this factor more completely.
An updated presentation reflecting the revised revenue guidance has been posted on the company's official website, itw.com.