secwatch.observer — SEC 8-K summary
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Issuer:     ILLINOIS TOOL WORKS INC (ITW)
CIK:        0000049826
Form:       8-K
Filed at:   2022-10-25T23:59:59+00:00
Accession:  0000049826-22-000055
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ITW Q3 revenue $4.0B (+13%), EPS $2.35 (+16%); raises full-year guidance
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- Revenue $4.0B, +13% YoY; organic growth 16% with five of seven segments double-digit.
- GAAP EPS $2.35, +16%; operating margin 24.5% (25.1% ex-MTS), +130 bps base business.
- Raising full-year GAAP EPS guidance to $9.45-$9.55 (from $9.00-$9.40) and organic growth to 11-12%.
- Closed sale of Polymers & Fluids division for ~$220M; expected Q4 EPS gain of $0.45.
- Repurchased $500M in Q3; dividend raised 7% to $5.24/share annualized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49826/000004982622000055/0000049826-22-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49826/000004982622000055/itw-20221025.htm
  HTML page:      https://secwatch.observer/filing/0000049826-22-000055

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