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Illinois Tool Works (ITW) Earnings Report: Q3 2015 Conference Call Transcript

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The following Illinois Tool Works (ITW - Get Report) conference call took place on October 21, 2015, 10:00 AM ET. This is a transcript of that earnings call:

Company Participants

  • Aaron Hoffman; Illinois Tool Work; VP - IR
  • Scott Santi; Illinois Tool Works; President,CEO
  • Michael Larsen; Illinois Tool Works; CFO

Other Participants

  • Joe Ritchie; Goldman Sachs; Analyst
  • Deane Dray; RBC Capital Markets; Analyst
  • Mig Dobre; Robert W. Baird & Company; Analyst
  • Nigel Coe; Morgan Stanley; Analyst
  • Joel Tiss; BMO Capital Markets; Analyst
  • Andy Casey; Wells Fargo Securities; Analyst
  • Jamie Cook; Credit Suisse; Analyst
  • Ann Duignan; JPMorgan; Analyst
  • David Raso; Evercore ISI; Analyst
  • Steven Fisher; UBS; Analyst
  • Walter Liptak; Global Hunter Securities; Analyst
  • Eli Lustgarten; Longbow Research; Analyst
  • Joe O'Dea; Vertical Research Partners; Analyst

MANAGEMENT DISCUSSION SECTION Operator: Welcome, and thank you all for standing by. (Operator Instructions) Today's conference call is being recorded. If you have any objections, you may disconnect at this time. Now I will hand the call over to Mr. Aaron Hoffman, Vice President of Investor Relations. Mr. Hoffman, you may begin.

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Aaron Hoffman (VP - IR): Thanks. Good morning and welcome to ITW's third quarter 2015 conference call. Joining me this morning are our CEO, Scott Santi, and our CFO, Michael Larsen. During today's call, we will discuss our third quarter financial results and update you on our...


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