---
schema_version: "secwatch.filing_event.v1"
accession: "0000049826-24-000005"
form_type: "8-K"
ticker: "ITW"
cik: "0000049826"
company_name: "ILLINOIS TOOL WORKS INC"
filed_at: "2024-02-01T23:59:59+00:00"
generated_at: "2026-06-06T11:59:10.364939+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ITW reports Q4 revenue $4.0B flat, EPS $2.38; FY23 free cash flow record $3.1B; FY24 EPS guidance $10.00-$10.40

## Summary
- Q4 revenue $4.0B (flat YoY); organic revenue -0.5%; GAAP EPS $2.38 included $(0.04) Argentina devaluation hit.
- Full year 2023 revenue $16.1B (+1%); operating margin 25.1% (record, +130 bps); GAAP EPS $9.74 (+6% ex-divestiture gains).
- FY2023 free cash flow record $3.1B, up 59% from prior year; 104% conversion to net income.
- 2024 guidance: revenue growth 2-4% (organic 1-3%); operating margin 25.5-26.5%; GAAP EPS $10.00-$10.40; repurchases ~$1.5B.
- Enterprise initiatives contributed 150 bps to Q4 operating margin and 130 bps for full year.

## SEC filing metadata
- accession: 0000049826-24-000005
- form_type: 8-K
- ticker: ITW
- cik: 0000049826
- company_name: ILLINOIS TOOL WORKS INC
- filed_at: 2024-02-01T23:59:59+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/49826/000004982624000005/0000049826-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49826/000004982624000005/itw-20240201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049826-24-000005
- JSON: https://secwatch.observer/filing/0000049826-24-000005.json
- Plain text: https://secwatch.observer/filing/0000049826-24-000005.txt

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