secwatch.observer — SEC 8-K summary
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Issuer:     ILLINOIS TOOL WORKS INC (ITW)
CIK:        0000049826
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0000049826-22-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ITW Q1 revenue $3.9B (+11% organic), EPS $2.11; raises FY guidance to $9.00-$9.40
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49826/000004982622000009/0000049826-22-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49826/000004982622000009/itw-20220503.htm
  HTML page:      https://secwatch.observer/filing/0000049826-22-000009

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