Illinois Tool Works Inc (NYSE:ITW)
$ 259.17 1.53 (0.59%) Market Cap: 76.08 Bil Enterprise Value: 83.83 Bil PE Ratio: 22.29 PB Ratio: 22.44 GF Score: 88/100
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Q4 2019 Illinois Tool Works Inc Earnings Call Transcript

Jan 31, 2020 / 03:00PM GMT
Release Date Price: $174.98 (-1.64%)
Operator

Good morning. My name is Julianne, and I will be your conference operator today. At this time, I would like to welcome everyone to the conference call. (Operator Instructions) Thank you. Karen Fletcher, Vice President of Investor Relations. You may begin your conference.

Karen A. Fletcher
Illinois Tool Works Inc. - VP of IR

Okay. Thank you, Julianne. Good morning, and welcome to ITW's Fourth Quarter 2019 Conference Call. I'm joined with our Chairman and CEO, Scott Santi; and Senior Vice President and CFO, Michael Larsen. During today's call, we will discuss fourth quarter and full year 2019 financial results and provide guidance for full year 2020.

Slide 2 is a reminder that this presentation contains our financial forecast for 2020 as well as other forward-looking statements identified on this slide. We refer you to the company's 2018 Form 10-K for more detail about important risks that could cause actual results to differ materially from our expectations. This presentation uses certain non-GAAP measures, and a reconciliation of those measures to the

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