earnings
confidence high
sentiment positive
materiality 0.75
ITW Q1 revenue $3.9B (+11% organic), EPS $2.11; raises FY guidance to $9.00-$9.40
ILLINOIS TOOL WORKS INC
2022-Q1 EPS reported
$2.11
revenue$3,939,000,000
- GAAP EPS $2.11 (incl. $(0.05) FX headwind); revenue $3.9B, organic growth +11%.
- Operating margin 22.7% GAAP (23.4% ex-MTS); enterprise initiatives contributed 90 bps.
- Six of seven segments grew; Food Equipment +28%, Construction Products +21%, Welding +13%.
- FY 2022 guidance raised: GAAP EPS $9.00-$9.40, organic growth 7-10%, operating margin 24-25%.
- Free cash flow $249M (38% conversion); $375M in share repurchases in Q1, on track for $1.5B.