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February 19, 2013
09:04 EDTITWIllinois Tool Works announces strategic review of industrial packaging segment
Illinois Tool Works announced that it is initiating a review process to explore strategic alternatives for its Industrial Packaging segment. The Industrial Packaging segment designs and manufactures steel, plastic, and paper products used for bundling, shipping, and protecting transported goods. The segment includes such well known brands as Signode, Strapex, Angleboard and Mima among others and had 2012 revenues of approximately $2.4B. To assist the company in evaluating its strategic alternatives, ITW has retained J.P. Morgan Securities LLC and Goldman, Sachs & Co. as its financial advisers.
News For ITW From The Last 14 Days
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January 27, 2015
08:06 EDTITWIllinois Tool Works backs FY15 EPS view of $5.15-$5.35, consensus $5.25
Organic revenue growth for the year is expected to be 2.5%-3.5%. Total revenue for the year is projected to decline 1%-2% due to the impact of foreign currency translation.
08:05 EDTITWIllinois Tool Works sees Q1 EPS $1.13-$1.21, consensus $1.19
Sees Q1 organic revenue growth and total revenue to decline 2%-3% due to the impact of currency translation.
08:03 EDTITWIllinois Tool Works reports Q4 EPS $1.18, consensus $1.13
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January 26, 2015
15:40 EDTITWNotable companies reporting before tomorrow's open
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