ITW Lacks Transparency

ITW (ITW) Illinois Tool Works released summary results for the last three months ending Aug 31, 2010. The company has a habit of releasing three-month rolling numbers and placing them top of mind with the investor. This allows you to bleed in and bleed out problems in small bits without the investing public becoming aware of them. A more transparent process would be to announce monthly information on a stand alone basis. Clearly the information is available. Why not put it up on a pedestal for all to see?

The press release does not quote executives and does not even provide contact information to the investor relations department.

Disclosure: No position in stocks mentioned in this post.

ITW Talk To Me Baby

Illinois Tool Works (ITW) issued an abbreviated earnings release which I am not sure meets Reg FD standards. No income statement, balance sheet or sources and uses of cash were included. They threw in a few points about sales and revenue gains and called it an earnings release. No management discussion of anything meaningful. Ten days ago they increased the dividend by 10% citing strong free cash flow.

Talk to me baby. Say something an investor would understand. Anything for a start.

Disclosure: No position in any stocks mentioned in this post.