secwatch.observer — SEC 8-K summary
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Issuer:     ILLINOIS TOOL WORKS INC (ITW)
CIK:        0000049826
Form:       8-K
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0000049826-23-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49826/000004982623000002/0000049826-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49826/000004982623000002/itw-20230202.htm
  HTML page:      https://secwatch.observer/filing/0000049826-23-000002

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