---
schema_version: "secwatch.filing_event.v1"
accession: "0000049826-23-000002"
form_type: "8-K"
ticker: "ITW"
cik: "0000049826"
company_name: "ILLINOIS TOOL WORKS INC"
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T02:53:50.599211+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000049826-23-000002
- form_type: 8-K
- ticker: ITW
- cik: 0000049826
- company_name: ILLINOIS TOOL WORKS INC
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/49826/000004982623000002/0000049826-23-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49826/000004982623000002/itw-20230202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049826-23-000002
- JSON: https://secwatch.observer/filing/0000049826-23-000002.json
- Plain text: https://secwatch.observer/filing/0000049826-23-000002.txt

## Key facts
- Earnings Releases
  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
  source text: ITW Reports Fourth Quarter and Full Year 2022 Results
  evidence_url: https://www.sec.gov/Archives/edgar/data/49826/000004982623000002/0000049826-23-000002-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.