secwatch.observer — SEC 8-K summary
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Issuer:     ILLINOIS TOOL WORKS INC (ITW)
CIK:        0000049826
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0000049826-24-000017
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49826/000004982624000017/0000049826-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49826/000004982624000017/itw-20240430.htm
  HTML page:      https://secwatch.observer/filing/0000049826-24-000017

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