Illinois Tool Works Inc (ITW) News & EventsITWIllinois Tool Works Inc

Illinois Tool Works Shares Down 4% After Q3 Results and Outlook

Illinois Tool Works down 4% in premarket at $263.84 after Q3 results and outlook

ITW Raises FY26 Revenue Growth Outlook to 4.5%-5.5%

Raises FY26 revenue growth view to 4.5%-5.5% from 4%-5%, consensus $16.83B. The company states: "ITW is raising its full year 2026 GAAP EPS guidance by $0.05 at the midpoint to a narrowed range of $11.45 to $11.55 per share, representing 10% growth at the midpoint. Based on current demand levels and prevailing foreign exchange rates, the company is raising revenue growth guidance to 4.5% to 5.5% and reaffirming its organic growth guidance of 3% to 4%. Operating margin is projected to be in the range of 26.5 to 27.5 percent, with enterprise initiatives contributing more than 100 basis points. Free cash flow is projected to be approximately 100 percent of net income, and the company expects to repurchase approximately $1.5 billion of its own shares."

ITW Reports Q3 Revenue of $4.24B, Below Consensus

Reports Q3 revenue $4.24B, consensus $4.25B. "The ITW team delivered strong operational execution and financial performance in the third quarter, including organic growth of 4 percent (5 percent excluding the impact of a tornado affecting our Welding segment), 40 basis points of operating margin expansion to 27.8 percent, and a 7 percent increase in GAAP earnings per share to $3.00," said Christopher A. O'Herlihy, CEO. "Our top-line results reflect accelerating demand in our capex-related segments, Welding and Test & Measurement and Electronics, continued strength in Polymers & Fluids segment, and a meaningful increase in the contribution to revenue growth from our Customer-Back Innovation efforts. We entered the fourth quarter with strong operational momentum and are raising our EPS guidance for the year. As we continue to advance our enterprise strategy priorities, including our goal of 3 percent-plus Customer-Back Innovation yield, we are positioning ITW to deliver consistent, above-market organic growth while further expanding profitability and margins."