{"schema_version":"secwatch.filing_event.v1","accession":"0000049826-23-000050","form_type":"8-K","ticker":"ITW","cik":"0000049826","company_name":"ILLINOIS TOOL WORKS INC","filed_at":"2023-10-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.710784+00:00","generated_at":"2026-06-09T15:02:49.719764+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"ITW Q3 GAAP EPS $2.55 (+9%), revenue $4.0B (+0.5%); narrows FY EPS guidance to $9.65-$9.85","bullets":["Revenue $4.0B (+0.5%); organic growth 0.2% (2% on equal days basis). Operating margin 26.5% (+200 bps).","GAAP EPS $2.55 (+9%); effective tax rate 23.8%. Enterprise initiatives added 140 bps to margin.","Free cash flow $856M (+40%), conversion rate 111% of net income. Dividend raised 7% to annualized $5.60/share.","Narrows FY 2023 GAAP EPS guidance to $9.65-$9.85 (from $9.55-$9.95); includes $0.12 hit from auto labor actions.","Projected FY organic growth 2-3%; operating margin 25-25.5%; plans ~$1.5B in share repurchases."],"urls":{"canonical":"https://secwatch.observer/filing/0000049826-23-000050","json":"https://secwatch.observer/filing/0000049826-23-000050.json","markdown":"https://secwatch.observer/filing/0000049826-23-000050.md","text":"https://secwatch.observer/filing/0000049826-23-000050.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/49826/000004982623000050/0000049826-23-000050-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/49826/000004982623000050/itw-20231024.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T15:02:49.719764+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":"ea29d02634e39998c89461f3123f9fbeb9d61bd7","claim":"ILLINOIS TOOL WORKS INC reported third quarter 2023 results: revenue $4.0 billion, EPS $2.55. Guidance reaffirmed.","evidence_excerpt":"ITW Reports Third Quarter 2023 Results • Revenue of $4.0 billion, an increase of 0.5% • Operating income of $1.1 billion, an increase of 9% • Operating margin of 26.5%, an increase of 200 bps • GAAP EPS of $2.55, an increase of 9% • Narrowing full year GAAP EPS guidance range to $9.65 to $9.85 per share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/49826/000004982623000050/0000049826-23-000050-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter 2023"},{"label":"Revenue","value":"$4.0 billion"},{"label":"EPS","value":"$2.55"},{"label":"Guidance","value":"reaffirmed"},{"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"}