---
schema_version: "secwatch.filing_event.v1"
accession: "0000049826-21-000056"
form_type: "8-K"
ticker: "ITW"
cik: "0000049826"
company_name: "ILLINOIS TOOL WORKS INC"
filed_at: "2021-07-30T23:59:59+00:00"
generated_at: "2026-06-30T00:33:35.487978+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# ITW Q2 revenue $3.7B (+43%), EPS $2.45 (+143%), raises full-year guidance

## Summary
- Organic revenue grew 37% YoY; all seven segments delivered double-digit organic growth led by Automotive OEM (+84%) and Food Equipment (+46%).
- GAAP EPS $2.45 includes $0.35 one-time UK tax benefit; operating margin 24.3%, up 680 bps.
- Free cash flow $477M (72% of net income adj. for one-time tax benefit); After-tax ROIC improved to 30.8%.
- FY 2021 guidance raised: GAAP EPS $8.55-$8.95, organic growth 11%-13%; expects ~$1B share repurchase in 2021.
- Price recovery actions offset raw material cost increases dollar-for-dollar; supply chain headwinds reduced revenue by ~$60M.

## SEC filing metadata
- accession: 0000049826-21-000056
- form_type: 8-K
- ticker: ITW
- cik: 0000049826
- company_name: ILLINOIS TOOL WORKS INC
- filed_at: 2021-07-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/49826/000004982621000056/0000049826-21-000056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49826/000004982621000056/itw-20210730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049826-21-000056
- JSON: https://secwatch.observer/filing/0000049826-21-000056.json
- Plain text: https://secwatch.observer/filing/0000049826-21-000056.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.