12 Best Industrial Stocks to Buy Now
Based on a definition by Economy Watch, the “Industrial sector or secondary sector is one of the 3 sectors that make up a country’s economy. The other two are the primary sector (includes agriculture, fishing, and mining) and the service sector (includes hospitality, consultancy, and nursing). The secondary sector is one that makes a complete product that can then be utilized. Examples of the industrial sector are manufacturing industry and construction.” (See 15 Biggest Manufacturing Companies in the World and 10 Best Construction Materials Stocks to Buy Now) Basically, the industrial sector is the backbone of the economy, it is the sector in charge of transforming unprocessed material to its end result.
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 Fletcher
Vice President of Investor Relations
Okay. Thank you, Julianne. Good morning and welcome to ITW s fourth quarter 2020 conference call. I m joined by our Chairman and CEO, Scott Santi; and Senior Vice President and CFO, Michael Larsen. During today s call, we ll discuss ITW s fourth quarter and full year 2020 financial results and provide guidance for full year 2021.
Illinois Tool Works Sees FY21 Profit In Line With View
BERLIN (dpa-AFX) - Illinois Tool Works Inc. (ITW) said that it expects earnings per share for fiscal year 2021 to be in a range of $7.60 to $8.00 per share, an increase of 15 to 21 percent. It projects annual organic growth to be in the range of seven to ten percent. Analysts polled by Thomson Reuters expect the company to report earnings of $7.68 per share for fiscal year 2021. Analysts estimates typically exclude special items.
Annual revenue is expected to grow in the range of nine to twelve percent as foreign currency translation at current exchange rates is projected to increase revenues by approximately two percent.