secwatch.observer — SEC 8-K summary
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Issuer:     ILLINOIS TOOL WORKS INC (ITW)
CIK:        0000049826
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0000049826-24-000045
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49826/000004982624000045/0000049826-24-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49826/000004982624000045/itw-20241030.htm
  HTML page:      https://secwatch.observer/filing/0000049826-24-000045

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