earnings
confidence high
sentiment positive
materiality 0.75
ITW Q4 revenue $3.7B (+6% YoY); FY2022 EPS guidance $8.90-$9.30
ILLINOIS TOOL WORKS INC
2021-FY EPS reported
$8.51
revenue$14,455,000,000
- GAAP EPS $1.93 (incl -$0.02 MTS); full-year EPS $8.51 (+28% YoY) or $8.09 ex one-time tax items (+22%).
- Q4 organic growth 5.3%; FY organic growth 12.3% with all segments positive (Welding +18%, Food Equip +17%).
- Operating margin 22.7% in Q4 (23.1% ex-MTS); FY margin 24.1% (+120 bps) with enterprise initiatives +110 bps.
- FY 2022 guidance: total revenue growth 7.5-10.5% (organic 6-9%); margin 24-25%; EPS $8.90-$9.30; share repurchase ~$1.5B.
- Free cash flow $695M in Q4, $2.3B FY (84% conversion); higher working capital to mitigate supply chain risk.