ILLINOIS TOOL WORKS INC. (NYSE:ITW) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition
announced its 2017>first>quarter results of operations in
the press release furnished as Exhibit 99.1.
operations that is available for dividends, share repurchases,
acquisitions and debt repayment. The Company believes this
non-GAAP financial measure is useful to investors in evaluating
the Companys financial performance and measures the Company’s
ability to generate cash internally to fund Company initiatives.
Free cash flow represents net cash provided by operating
activities less additions to plant and equipment. Free cash flow
is a measurement that is not the same as net cash flow from
operating activities per the statement of cash flows and may not
be consistent with similarly titled measures used by other
companies. A reconciliation of free cash flow to net cash
provided by operating activities is included in the press release
furnished as Exhibit 99.1.
capital (“ROIC”) to measure the effectiveness of its operations
use of invested capital to generate profits. ROIC is a non-GAAP
financial measure that the Company believes is a meaningful
metric to investors in evaluating the Companys financial
performance and may be different than the method used by other
companies to calculate ROIC. Adjusted average invested capital
represents the net assets of the Company, excluding cash and
equivalents and outstanding debt, which are excluded as they do
not represent capital investment in the Company’s operations, as
well as the Company’s equity investment in the Wilsonart
business (formerly the Decorative Surfaces segment). Average
invested capital is calculated using balances at the start of the
period and at the end of each quarter. A calculation of ROIC is
included in the press release furnished as Exhibit 99.1.
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Exhibits
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Exhibit Number
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Exhibit Description
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99.1
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Press Release issued by Illinois Tool Works Inc. dated
April 24, 2017 (furnished to Item 2.02). |
About ILLINOIS TOOL WORKS INC. (NYSE:ITW)
Illinois Tool Works Inc. (ITW) is a manufacturer of a range of industrial products and equipment. The Company operates through seven segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products and Specialty Products. It produces components and fasteners for automotive-related applications; equipment, consumables and related software for testing and measuring of materials and structures, and equipment and consumables used in the production of electronic subassemblies and microelectronics; adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance; arc welding equipment, consumables and accessories for a range of industrial and commercial applications, and beverage packaging equipment and consumables, product coding and marking equipment, and consumables, and appliance components and fasteners. It has over 80 divisions in approximately 60 countries. ILLINOIS TOOL WORKS INC. (NYSE:ITW) Recent Trading Information
ILLINOIS TOOL WORKS INC. (NYSE:ITW) closed its last trading session up +7.58 at 142.40 with 2,193,397 shares trading hands.
