ITW Q2 operating margin 26.2% (record), revenue -1%, EPS $2.54; narrows FY EPS guidance to $10.30-$10.40

ILLINOIS TOOL WORKS INC

2024-Q2 EPS reported $5.27 revenue$8,000,000,000

Revenue $4.0B (-1.2% yoy); organic growth flat (-0.1%), FX -1.2%, acquisitions +0.1%.
GAAP EPS $2.54 (+2.4%); excluding one-time 2023 tax item, EPS up 5.4%.
Operating margin +140 bps to 26.2% (Q2 record); enterprise initiatives contributed 140 bps.
FY 2024 GAAP EPS guidance narrowed to $10.30-$10.40 (prev $10.30-$10.70); operating margin guidance raised to 26.5%-27%.
Free cash flow $571M (75% conversion to net income); $375M share repurchases in Q2; plans ~$1.5B buybacks for FY.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.