Earnings summaries and quarterly performance for ILLINOIS TOOL WORKS.
Executive leadership at ILLINOIS TOOL WORKS.
Christopher A. O'Herlihy
President & Chief Executive Officer
Axel R. J. Beck
Executive Vice President
Mary K. Lawler
Senior Vice President and Chief Human Resources Officer
Michael M. Larsen
Senior Vice President and Chief Financial Officer
T. Kenneth Escoe
Executive Vice President
Board of directors at ILLINOIS TOOL WORKS.
Daniel J. Brutto
Director
Darrell L. Ford
Director
David B. Smith, Jr.
Director
E. Scott Santi
Non-Executive Chairman of the Board
Jaime Irick
Director
James W. Griffith
Director
Jay L. Henderson
Director
Kelly J. Grier
Director
Pamela B. Strobel
Director
Richard H. Lenny
Lead Independent Director
Susan Crown
Director
Research analysts who have asked questions during ILLINOIS TOOL WORKS earnings calls.
Jamie Cook
Truist Securities
4 questions for ITW
Joseph O'Dea
Wells Fargo & Company
4 questions for ITW
Julian Mitchell
Barclays Investment Bank
4 questions for ITW
Tami Zakaria
JPMorgan Chase & Co.
4 questions for ITW
Andrew Kaplowitz
Citigroup
3 questions for ITW
Stephen Volkmann
Jefferies
3 questions for ITW
Jeffrey Sprague
Vertical Research Partners
2 questions for ITW
Sabrina Abrams
Bank of America
2 questions for ITW
Andrew Obin
Bank of America
1 question for ITW
Joseph Ritchie
Goldman Sachs
1 question for ITW
Mircea Dobre
Robert W. Baird & Co.
1 question for ITW
Nathan Jones
Stifel, Nicolaus & Company, Incorporated
1 question for ITW
Nicole DeBlase
BofA Securities
1 question for ITW
Nigel Coe
Wolfe Research, LLC
1 question for ITW
Scott Davis
Melius Research
1 question for ITW
Steven Fisher
UBS
1 question for ITW
Vladimir Bystricky
Citigroup
1 question for ITW
Recent press releases and 8-K filings for ITW.
- 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
- 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.
- 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).
- Illinois Tool Works reported Q3 2025 revenue of $4.1 billion, up 2% with 1% organic growth.
- Achieved a record operating margin of 27.4%, an expansion of 90 bps year-over-year.
- GAAP EPS was $2.81, a 6% increase excluding the prior year divestiture gain.
- Generated operating cash flow of $1.0 billion and free cash flow of $904 million (up 15%); repurchased $375 million of shares and raised the dividend 7%.
- Narrowed full-year 2025 GAAP EPS guidance to $10.40–$10.50, with projected revenue growth of 1–3% and operating margin of 26–27%.
- Revenue of $4.1 billion, up 2% year-over-year with 1% organic growth
- Record operating margin of 27.4%, a 90 bps expansion driven by enterprise initiatives
- GAAP EPS of $2.81, up 6% excluding a prior-year divestiture gain
- Free cash flow of $904 million, up 15% on operating cash flow of $1.0 billion
- Full-year GAAP EPS guidance narrowed to $10.40–$10.50 per share
- Reported Q1 GAAP EPS of $2.38—a 2% decline driven by higher restructuring expenses and currency effects—with an operating margin of 24.8% (improved by 60 bps YoY) and enterprise initiatives contributing approximately +120 bps [0,1,2].
- Q1 revenue reported between $3.8B and $4.0B [1,2], with total revenue down 3.4% due to foreign currency effects and a 50 bps impact from Product Line Simplification .
- Delivered free cash flow of about $500M (or $496M with 71% conversion), underscoring robust operational execution [1,2].
- Executed $375M in share repurchases during the quarter, highlighting a strong capital return discipline [0,1,2].
- Full-year guidance remains positive with EPS expected in the range $10.15 to $10.55 [2,3] and a confirmed GAAP EPS target of $11.71 alongside revenue guidance of approximately $15.9B .
- Management is proactively countering challenges through pricing strategies, supply chain actions, and a modest tax rate reduction to 24% to neutralize tariffs and currency headwinds [2,3].
Quarterly earnings call transcripts for ILLINOIS TOOL WORKS.
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