Illinois Tool Works Inc. (ITW) reported first-quarter 2024 adjusted earnings of $2.44 per share, which surpassed the Zacks Consensus Estimate of$2.35. Earnings increased 5% year over year. Illinois Tool’s revenues of $3.97 billion missed the consensus estimate of$4.02 billion. The top line inched down 1.1% year over year due to an unfavorable foreign currency translation of 0.4%. Also, organic sales decreased 0.5% and divestitures reduced revenues by 0.6%. Segmental Performance Test & Measurement and Elec ...