India, Feb. 1 -- Illinois Tool Works Inc. (ITW), while announcing fourth-quarter results on Thursday said that it expects full-year earnings and revenue to increase from the prior year.
In addition, the maker of industrial products and equipment revealed a plan to repurchase around $1.5 billion of shares in the full year 2024.
The company expects annual net income per share of $10 to $10.40, a year-over-year increase of 5 percent at the mid-point. For the full-year 2023, ITW reported net income per share of $9.74. On average, 18 analysts polled by Thomson Reuters expect the company to register income per share of $10.18, for the year. Analysts' estimates typically exclude special items.
Based on its current demand levels, the company pro...