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Illinois Tool Works FY24 GAAP EPS Guidance Of $10.00-$10.40 Vs. $10.18 Est.

Author: Benzinga Newsdesk | February 01, 2024 09:07am

Operating margin is projected to be in the range of 25.5 to 26.5 percent, with enterprise initiatives contributing approximately 100 basis points. Free cash flow is expected to be greater than 100 percent of net income and the company plans to repurchase approximately $1.5 billion of its own shares. The projected effective tax rate is in the range of 24 to 24.5 percent.

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