earnings
confidence high
sentiment positive
materiality 0.85
ITW Q2 revenue $4.30B (+6.1%), EPS $2.84 (+10.1%); raises FY2026 guidance
ILLINOIS TOOL WORKS INC
- Revenue $4.30B, +6.1% YoY; organic growth +4.5% led by North America +6.4%.
- GAAP EPS $2.84, +10.1%; operating income $1.15B (+7.4%), margin 26.7% (record).
- Operating cash flow $723M, free cash flow $631M (+41%), 77% net income conversion.
- FY2026 guidance raised: organic growth 3-4% (midpoint +1.5 ppts), GAAP EPS $11.35-$11.55.
- Returned over $1.2B to shareholders in Q2, including $750M buybacks; expects ~$1.5B for FY.