secwatch.observer — SEC 8-K summary
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Issuer:     ILLINOIS TOOL WORKS INC (ITW)
CIK:        0000049826
Form:       8-K
Filed at:   2021-07-30T23:59:59+00:00
Accession:  0000049826-21-000056
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49826/000004982621000056/0000049826-21-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49826/000004982621000056/itw-20210730.htm
  HTML page:      https://secwatch.observer/filing/0000049826-21-000056

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