{"schema_version":"secwatch.filing_event.v1","accession":"0000049826-23-000039","form_type":"8-K","ticker":"ITW","cik":"0000049826","company_name":"ILLINOIS TOOL WORKS INC","filed_at":"2023-08-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.373456+00:00","generated_at":"2026-06-12T19:31:44.583020+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"ITW Q2 2023: record operating income $1.01B, GAAP EPS $2.48, raises FY guidance","bullets":["Revenue $4.1B (+2% total, +3% organic); record operating income $1.01B (+9%); margin 24.8% (+170 bps).","GAAP EPS $2.48, up 5%; excluding $0.07 tax benefit, EPS up 9% to $2.41 (Q2 record).","Free cash flow $705M (+68% YoY), conversion 94% of net income; repurchased $375M of shares in Q2.","Raising FY GAAP EPS guidance $0.10 to $9.55-$9.95; organic growth outlook 3%-5%, operating margin 24.5%-25.5%."],"urls":{"canonical":"https://secwatch.observer/filing/0000049826-23-000039","json":"https://secwatch.observer/filing/0000049826-23-000039.json","markdown":"https://secwatch.observer/filing/0000049826-23-000039.md","text":"https://secwatch.observer/filing/0000049826-23-000039.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/49826/000004982623000039/0000049826-23-000039-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/49826/000004982623000039/itw-20230801.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T19:31:44.583020+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"91754dccb27839ab3094b8a0648eff0a106420b7","claim":"ILLINOIS TOOL WORKS INC reported Full Year 2023 results: EPS $9.55 to $9.95 per share. Guidance raised.","evidence_excerpt":"ITW is raising its full-year GAAP EPS guidance by $0.10 to $9.55 to $9.95 per share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/49826/000004982623000039/0000049826-23-000039-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Full Year 2023"},{"label":"EPS","value":"$9.55 to $9.95 per share"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"9d6aac5da30d959c423a3e520f49b871aac96cf0","claim":"ILLINOIS TOOL WORKS INC reported Second Quarter 2023 results: revenue $4.1 billion, EPS $2.48.","evidence_excerpt":"ITW Reports Second Quarter 2023 Results • Revenue of $4.1 billion, an increase of 2% with organic growth of 3% • Record operating income of $1.01 billion, an increase of 9% • Operating margin of 24.8%, an increase of 170 bps • Record GAAP EPS of $2.48, an increase of 5%; Excl. one-time tax items, EPS increased 9%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/49826/000004982623000039/0000049826-23-000039-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Second Quarter 2023"},{"label":"Revenue","value":"$4.1 billion"},{"label":"EPS","value":"$2.48"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}