ITW Q1 GAAP EPS $2.33 (+10% YoY); raises FY guidance by $0.05 to $9.45-$9.85

ILLINOIS TOOL WORKS INC

2023-Q1 EPS reported $2.33 revenue$4,019,000,000

Revenue $4.0B, organic growth +5%; operating margin 24.2% (+150 bps).
GAAP EPS $2.33 (+10% YoY), record Q1; free cash flow $615M (+147%).
FY2023 GAAP EPS guidance raised to $9.45-$9.85 (prior $9.40-$9.80); organic growth view 3-5%.
Operating margin guidance 24.5-25.5%; plans ~$1.5B in share repurchases for year.
Effective tax rate 22.6% in Q1; full-year tax rate lowered to 23.5-24%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ILLINOIS TOOL WORKS INC reported financial results for first quarter 2023.

Period: first quarter 2023
Result: reported results

Exact text from the filing

announced its 2023 first quarter results of operations in the press release furnished as Exhibit 99.1.

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ILLINOIS TOOL WORKS INC filing history →

Source: SEC EDGAR

accession 0000049826-23-000022

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