secwatch.observer — SEC 8-K summary
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Issuer:     ILLINOIS TOOL WORKS INC (ITW)
CIK:        0000049826
Form:       8-K
Filed at:   2021-10-28T23:59:59+00:00
Accession:  0000049826-21-000076
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ITW Q3 revenue $3.6B (+8%), EPS $2.02 (+10%); updates FY guidance to $8.30-$8.50
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- Total revenue $3.6B, +8% total, +6% organic; GAAP EPS $2.02, +10% YoY.
- Operating margin 23.8% flat YoY; enterprise initiatives and volume leverage offset 200bps price/cost dilution.
- Six of seven segments grew; Welding +22%, Food Equipment +19%, Automotive OEM -11%.
- FY 2021 guidance: organic growth 11-12%, GAAP EPS $8.30-$8.50; free cash flow ~90% of net income.
- ITW expects to complete MTS Test & Simulation acquisition in Q4 2021 pending regulatory approvals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49826/000004982621000076/0000049826-21-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49826/000004982621000076/itw-20211028.htm
  HTML page:      https://secwatch.observer/filing/0000049826-21-000076

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer