secwatch.observer — SEC 8-K summary
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Issuer:     ILLINOIS TOOL WORKS INC (ITW)
CIK:        0000049826
Form:       8-K
Filed at:   2022-02-03T23:59:59+00:00
Accession:  0000049826-22-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ITW Q4 revenue $3.7B (+6% YoY); FY2022 EPS guidance $8.90-$9.30
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49826/000004982622000003/0000049826-22-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49826/000004982622000003/itw-20220203.htm
  HTML page:      https://secwatch.observer/filing/0000049826-22-000003

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