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BRIEF-Illinois Tool Works initiates 2017 guidance, sees earning per share of $6.00 to $6.20
December 2, 2016 / 3:27 PM / a year ago

BRIEF-Illinois Tool Works initiates 2017 guidance, sees earning per share of $6.00 to $6.20

Dec 2 (Reuters) - Illinois Tool Works Inc :

* ITW provides strategy update at 2016 Investor Day

* Company reaffirmed its 2016 guidance

* ITW also initiated 2017 guidance at event and expects earnings per share to be in range of $6.00 to $6.20

* FY2016 earnings per share view $5.63, revenue view $13.61 billion -- Thomson Reuters I/B/E/S

* Expects to deliver by end of 2018 and beyond, 25 percent growth in operating margin

* ITW also initiated 2017 guidance at event for organic growth between 1.5 to 3.5 percent

* Expects to deliver by end of 2018 and beyond, organic growth at 200 basis points or more above market Source text for Eikon: Further company coverage:

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