ITW Q4 GAAP EPS $2.95, adjusted $2.34; FY22 records; guides FY23 EPS $9.40-$9.80, organic growth 3-5%

ILLINOIS TOOL WORKS INC

2022-FY EPS reported $9.77 revenue$15,932,000,000

Q4 revenue $4.0B (+8% reported, +12% organic); operating income $986M (record), margin 24.8% (+210 bps).
Q4 GAAP EPS $2.95 (incl $0.61 divestiture gains); adjusted EPS $2.34, up 21% YoY.
FY22 revenue $15.9B (+10%, organic +12%); GAAP EPS $9.77, up 15% (record).
2023 guidance: organic growth 3-5%, operating margin 24.5-25.5%, GAAP EPS $9.40-$9.80, FCF >100% net income.
Share repurchases: $500M in Q4, $1.75B in FY22; plans ~$1.5B in FY23.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

ILLINOIS TOOL WORKS INC updated its the fourth quarter and full year 2022 guidance (initiated).

Period: the fourth quarter and full year 2022
Guidance: initiated
Result: reported results

Exact text from the filing

ITW Reports Fourth Quarter and Full Year 2022 Results

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ILLINOIS TOOL WORKS INC filing history →

Source: SEC EDGAR

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