---
schema_version: "secwatch.filing_event.v1"
accession: "0000049826-24-000045"
form_type: "8-K"
ticker: "ITW"
cik: "0000049826"
company_name: "ILLINOIS TOOL WORKS INC"
filed_at: "2024-10-30T23:59:59+00:00"
generated_at: "2026-05-30T08:40:26.301239+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# ITW Q3 GAAP EPS $3.91 (incl. $1.26 gain); ex-gain EPS $2.65 up 4%; revenue $4.0B down 1.6%

## Summary
- GAAP EPS $3.91 includes $1.26 gain from Wilsonart sale; adjusted EPS $2.65, up 4% YoY.
- Revenue $4.0B, organic decline 1.4%; operating margin 26.5% flat, enterprise initiatives +130 bps.
- Raising full-year GAAP EPS guidance to $11.63-$11.73 (up $1.33 from prior range).
- Dividend raised 7% to $6.00 annualized; Q3 free cash flow $783M, 102% conversion.
- Plans to repurchase ~$1.5B of shares in 2024; effective tax rate projected ~21.5%.

## SEC filing metadata
- accession: 0000049826-24-000045
- form_type: 8-K
- ticker: ITW
- cik: 0000049826
- company_name: ILLINOIS TOOL WORKS INC
- filed_at: 2024-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/49826/000004982624000045/0000049826-24-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49826/000004982624000045/itw-20241030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049826-24-000045
- JSON: https://secwatch.observer/filing/0000049826-24-000045.json
- Plain text: https://secwatch.observer/filing/0000049826-24-000045.txt

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