ITW sells Wilsonart equity interest for ~$398M; expects ~$360M pre-tax gain in Q3 2024

ILLINOIS TOOL WORKS INC

Sold non-controlling equity interest in Wilsonart to affiliates of Clayton, Dubilier & Rice; transaction closed immediately.
Total cash proceeds of approximately $398 million.
Expects pre-tax gain of $360M in Q3 2024; gain was not included in prior FY2024 guidance.
Equity investment had zero carrying value; sale does not materially impact future quarterly financial results.

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