Illinois Tool Works (NYSE:ITW) announced quarterly numbers and mashed up some headlines to make it look good. Revenues are up 10% as a result of acquisitions but organic growth is only 4%. No real word in the press release about the all important bottom line.
ITW bills itself as a company that has been around for almost 100 years. After a 100 years it’s about the bottom line. ITW you are not a high-tech fast growth eat your babies grab at the brass ring. Investors expect regular profits.
Management threw out a warm and fuzzy with this line “In November, the Company continued to see generally stable demand in a number of worldwide end markets and geographies. Europe, however, continued to be challenging.”
No break down on a geographical basis. Europe is challenging for everyone. That is not exactly a deep dive into the numbers. ITW your press release is highly inadequate when held against Reg FD.