---
schema_version: "secwatch.filing_event.v1"
accession: "0000049826-24-000017"
form_type: "8-K"
ticker: "ITW"
cik: "0000049826"
company_name: "ILLINOIS TOOL WORKS INC"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:58:21.851241+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ITW Q1: rev $4.0B, organic -0.6%; GAAP EPS $2.73 (ex-item $2.44, +5%); raises FY EPS guide to $10.30-10.70

## Summary
- GAAP EPS $2.73 (+17%) includes $0.29 benefit from LIFO-to-FIFO accounting change; ex-item EPS $2.44, +5%.
- Operating margin 28.4% (ex-item 25.4%, +120 bps); enterprise initiatives contributed 140 bps.
- Organic revenue declined 0.6% to $4.0B; reaffirmed full-year organic growth guidance of 1-3%.
- Full-year GAAP EPS guidance raised by $0.30 to $10.30-$10.70; operating margin guidance raised to 26-27%.
- Q1 free cash flow $494M (68% conversion to ex-item net income); repurchased $375M shares.

## SEC filing metadata
- accession: 0000049826-24-000017
- form_type: 8-K
- ticker: ITW
- cik: 0000049826
- company_name: ILLINOIS TOOL WORKS INC
- filed_at: 2024-04-30T23:59:59+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/49826/000004982624000017/0000049826-24-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49826/000004982624000017/itw-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049826-24-000017
- JSON: https://secwatch.observer/filing/0000049826-24-000017.json
- Plain text: https://secwatch.observer/filing/0000049826-24-000017.txt

## Key facts
- Earnings Releases
  ILLINOIS TOOL WORKS INC reported first quarter 2024 results: revenue $4.0 billion, EPS $2.73. Guidance reaffirmed.
  - Period: first quarter 2024
  - Revenue: $4.0 billion
  - EPS: $2.73
  - Guidance: reaffirmed
  - Result: reported results
  source text: ITW Reports First Quarter 2024 Results • Revenue of $4.0 billion, organic growth declined (0.6)% as expected
  evidence_url: https://www.sec.gov/Archives/edgar/data/49826/000004982624000017/0000049826-24-000017-index.htm

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