---
schema_version: "secwatch.filing_event.v1"
accession: "0000049826-24-000034"
form_type: "8-K"
ticker: "ITW"
cik: "0000049826"
company_name: "ILLINOIS TOOL WORKS INC"
filed_at: "2024-07-30T23:59:59+00:00"
generated_at: "2026-05-31T15:29:49.178267+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000049826-24-000034
- form_type: 8-K
- ticker: ITW
- cik: 0000049826
- company_name: ILLINOIS TOOL WORKS INC
- filed_at: 2024-07-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/49826/000004982624000034/0000049826-24-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49826/000004982624000034/itw-20240730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049826-24-000034
- JSON: https://secwatch.observer/filing/0000049826-24-000034.json
- Plain text: https://secwatch.observer/filing/0000049826-24-000034.txt

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