Earnings summaries and quarterly performance for ILLINOIS TOOL WORKS.
Executive leadership at ILLINOIS TOOL WORKS.
Christopher A. O'Herlihy
Detailed
President & Chief Executive Officer
CEO
AR
Axel R. J. Beck
Detailed
Executive Vice President
MK
Mary K. Lawler
Detailed
Senior Vice President and Chief Human Resources Officer
MM
Michael M. Larsen
Detailed
Senior Vice President and Chief Financial Officer
TK
T. Kenneth Escoe
Detailed
Executive Vice President
Board of directors at ILLINOIS TOOL WORKS.
DJ
Daniel J. Brutto
Detailed
Director
DL
Darrell L. Ford
Detailed
Director
DB
David B. Smith, Jr.
Detailed
Director
ES
E. Scott Santi
Detailed
Non-Executive Chairman of the Board
JI
Jaime Irick
Detailed
Director
JW
James W. Griffith
Detailed
Director
JL
Jay L. Henderson
Detailed
Director
KJ
Kelly J. Grier
Detailed
Director
PB
Pamela B. Strobel
Detailed
Director
RH
Richard H. Lenny
Detailed
Lead Independent Director
SC
Susan Crown
Detailed
Director
Research analysts who have asked questions during ILLINOIS TOOL WORKS earnings calls.
JM
Julian Mitchell
Barclays Investment Bank
6 questions for ITW
Also covers: AIRJ, ALLE, AME +26 more
TZ
Tami Zakaria
JPMorgan Chase & Co.
6 questions for ITW
Also covers: ADM, AGCO, ALSN +23 more
Andrew Kaplowitz
Citigroup
5 questions for ITW
Also covers: ACM, AOS, APG +29 more
Jamie Cook
Truist Securities
4 questions for ITW
Also covers: ACM, AGCO, AME +17 more
JO
Joseph O'Dea
Wells Fargo & Company
4 questions for ITW
Also covers: ALLE, ATMU, AYI +15 more
SA
Sabrina Abrams
Bank of America
4 questions for ITW
Also covers: AIT, GWW, ITT
SD
Scott Davis
Melius Research
3 questions for ITW
Also covers: CARR, DD, DHR +16 more
SV
Stephen Volkmann
Jefferies
3 questions for ITW
Also covers: AGCO, CARR, CAT +21 more
SF
Steven Fisher
UBS
3 questions for ITW
Also covers: ACM, AGCO, BBCP +22 more
JS
Jeffrey Sprague
Vertical Research Partners
2 questions for ITW
Also covers: ALLE, AME, AYI +23 more
Joe Ritchie
Goldman Sachs
2 questions for ITW
Also covers: ALLE, ATS, CARR +19 more
AO
Andrew Obin
Bank of America
1 question for ITW
Also covers: ALH, ALLE, AME +17 more
DR
David Raso
Evercore ISI
1 question for ITW
Also covers: CAT, CMI, CNH +12 more
DR
David Rosso
Evercore ISI
1 question for ITW
Joseph Ritchie
Goldman Sachs
1 question for ITW
Also covers: ALLE, CARR, CGNX +22 more
MD
Mircea Dobre
Robert W. Baird & Co.
1 question for ITW
Also covers: AGCO, ALG, ASTE +15 more
NJ
Nathan Jones
Stifel, Nicolaus & Company, Incorporated
1 question for ITW
Also covers: AOS, BMI, CR +20 more
ND
Nicole DeBlase
BofA Securities
1 question for ITW
Also covers: CTOS, EMR, ETN +13 more
NC
Nigel Coe
Wolfe Research, LLC
1 question for ITW
Also covers: AME, CARR, CNM +28 more
VB
Vladimir Bystricky
Citigroup
1 question for ITW
Also covers: IEX, ITT, MIR +1 more
Recent press releases and 8-K filings for ITW.
Illinois Tool Works reports Q4 2025 results
ITW
Earnings
Guidance Update
Share Buyback
- Revenue +4.1% in Q4 (organic +1.3%, FX +2.5%, acquisitions +0.3%); GAAP EPS of $2.72 (+7%)
- Q4 operating margin at 26.5% (record); segment margins 27.7% (+120 bp; Enterprise Initiatives +140 bp)
- 2025 strategic progress: CBI-fueled growth 2.4% (+40 bp) and patent filings +9%
- 2026 outlook: total revenue +2–4%, organic +1–3%, EPS $11–11.40 (midpoint $11.20; +7%), and ~100 bp margin expansion
- Capital return: $375 M share buyback in Q4; plan $1.5 B repurchases in 2026; free cash flow conversion >100%
4 days ago
ITW reports Q4 and FY 2025 earnings; provides 2026 guidance
ITW
Earnings
Guidance Update
Share Buyback
- ITW’s Q4 revenue grew 4% with $2.72 GAAP EPS (+7% YoY); operating income was $1.1 billion and segment margins reached 27.7%, up 120 bps.
- Full-year CBI-fueled revenue growth was 2.4%, patent filings rose 9% in 2025, and ITW invested ~$800 million in internal projects while returning $3.3 billion to shareholders, marking its 62nd consecutive dividend increase.
- For FY 2026, ITW guides to 1%–3% organic growth (2%–4% total), $11.20 EPS midpoint (+7%), and ~100 bps operating margin expansion to 26.5%–27.5%; free cash flow conversion is expected to exceed 100%.
- ITW plans to repurchase $1.5 billion of shares in 2026 as part of its capital allocation strategy.
4 days ago
ITW reports Q4 2025 results
ITW
Earnings
Guidance Update
Share Buyback
- ITW delivered 4.1% total revenue growth in Q4 2025, driven by 1.3% organic growth, currency tailwinds (2.5%) and acquisitions (0.3%).
- Q4 GAAP EPS rose 7% to $2.72, with operating income up 5% to $1.1 billion and record segment operating margin of 27.7%.
- 2026 guidance calls for 1%–3% organic growth, 2%–4% total revenue growth, and GAAP EPS of $11.00–$11.40 (midpoint $11.20), with ~100 bps of operating margin expansion.
- Returned capital aggressively, repurchasing $375 million of shares in Q4 and planning $1.5 billion of buybacks in 2026; free cash flow conversion above 100% and dividend increased for the 62nd consecutive year.
4 days ago
ITW reports Q4 2025 results
ITW
Earnings
Guidance Update
Share Buyback
- Revenue of $4.1 B, up 4% year-over-year; organic growth of 1.3% (FX/acquisitions +2.8%).
- GAAP EPS of $2.72, a 7% increase YoY; operating margin expanded to 26.5% (+30 bps).
- Free cash flow of $0.9 B with a 109% conversion rate; $375 M returned via share repurchases.
- 2026 guidance: GAAP EPS of $11.00–11.40, revenue of $16.3–16.6 B, and operating margin of 26.5–27.5%.
4 days ago
ITW reports Q4 2025 earnings and 2026 outlook
ITW
Earnings
Guidance Update
Share Buyback
- Illinois Tool Works delivered Q4 2025 revenue of $4.1 billion, up 4.1% year-over-year, and GAAP EPS of $2.72, up 7%.
- Full-year 2025 revenue reached $16 billion, a 0.9% increase, with GAAP EPS of $10.49, above prior guidance.
- The company generated Q4 free cash flow of $0.9 billion (109% conversion) and repurchased $375 million of shares in the quarter.
- ITW’s 2026 guidance calls for 2–4% revenue growth, GAAP EPS of $11.00–11.40, and approximately $1.5 billion in share repurchases.
4 days ago
ITW reports Q4 and full year 2025 results
ITW
Earnings
Guidance Update
Share Buyback
- Q4 2025 revenue of $4.1 billion (+4.1 %) and GAAP EPS of $2.72 (+7 %), with operating margin of 26.5 %
- Full-year 2025 revenue of $16.0 billion (+0.9 %) and GAAP EPS of $10.49
- Generated operating cash flow of $3.1 billion and free cash flow of $2.7 billion in 2025, returning $3.3 billion to shareholders, including $375 million in share repurchases in Q4
- Issued 2026 guidance: revenue growth of 2–4 %, operating margin of 26.5–27.5 %, and GAAP EPS of $11.00–11.40 (7 % growth at midpoint)
4 days ago
Illinois Tool Works reports Q4 2025 results
ITW
Earnings
Guidance Update
Dividends
- Q4 revenue of $4.09–4.10 billion (up ~4.1%) and adjusted EPS of $2.72, with profit rising to $790 million and organic revenue up 1.3% as margins improved.
- Fiscal 2026 guidance for EPS of $11.00–11.40 and revenue growth of 2%–4% (1%–3% organic).
- Continued dividend growth with 62 consecutive years of increases; current payout ratio of 62% of expected earnings exceeds long-term comfort zone.
4 days ago
Illinois Tool Works reports record Q3 margins, revenue slightly up
ITW
Earnings
Guidance Update
Share Buyback
- GAAP EPS of $2.81 in Q3, topping expectations, with revenue up 2% year-over-year to $4.06 billion
- Record operating margin of 27.4%, and operating income rose 6% to $1.1 billion
- Free cash flow increased 15% year-over-year to $904 million, achieving a 110% conversion rate
- Narrowed full-year GAAP EPS guidance to $10.40–$10.50 and revenue growth outlook of 1–3% (organic 0–2%)
- Returned $375 million to shareholders via buybacks in Q3 and plans $1.5 billion of repurchases in 2025
Oct 24, 2025, 3:14 PM
ITW reports Q3 2025 results
ITW
Earnings
Guidance Update
Dividends
- ITW’s Q3 2025 revenue rose 3% excluding a 1% PLS headwind, driven by 1% organic growth and a 2% FX tailwind.
- GAAP EPS was $2.81, operating income grew 6% to $1.1 billion, and operating margin expanded 90 bps to 27.4%; free cash flow rose 15% to >$900 million with 110% conversion.
- Full-year 2025 guidance narrowed, with organic growth 0–2%, total revenue up 1–3%, operating margin 26–27%, and GAAP EPS $10.40–$10.50.
- ITW announced its 62nd consecutive dividend increase of 7% and has repurchased >$1.1 billion of shares YTD.
Oct 24, 2025, 2:00 PM
ITW reports Q3 2025 results
ITW
Earnings
Dividends
- Revenue of $830 M, up 7% YoY, with organic growth of 1% in end markets that declined low-single digits.
- Operating income rose to $1.11 B (+6%), and operating margin expanded 90 bps to 27.4%.
- GAAP EPS of $3.91, up 6% YoY; EPS ex-divestiture gain was $2.65.
- Free cash flow grew 15% with a 110% conversion rate, and the quarterly dividend was increased by 7% (62nd consecutive year).
Oct 24, 2025, 2:00 PM
Quarterly earnings call transcripts for ILLINOIS TOOL WORKS.
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