Oct 27, 9:20 AM ET
Illinois Tool Works reported third quarter 2026 revenue of $4.24 billion and a 7 percent increase in GAAP earnings per share to $3.00. Driven by strong operational execution and a record operating income of $1.18 billion, the company raised its full year 2026 GAAP EPS guidance by $0.05 at the midpoint to a narrowed range of $11.45 to $11.55.
- Revenue reached $4.24 billion in the third quarter of 2026, representing a 4 percent increase year-over-year.
- GAAP EPS grew 7 percent to $3.00, accompanied by a record operating income of $1.18 billion.
- Full year 2026 GAAP EPS guidance was raised by $0.05 at the midpoint to a range of $11.45 to $11.55 per share.
- The company repurchased $187 million of its own shares and raised its dividend 7 percent during the quarter.
Read the filing on SEC.gov ↗
Jul 28, 9:21 AM ET
ITW reported second-quarter 2026 revenue of $4.30 billion, up 6.1%, and GAAP EPS of $2.84, up 10.1%, with operating income up 7.4% to $1.15 billion. The company raised its full-year 2026 GAAP EPS guidance by $0.15 to a range of $11.35 to $11.55, which signals higher expected profit for shareholders.
- Q2 revenue of $4.30 billion rose 6.1%, with organic growth of 4.5%.
- GAAP EPS of $2.84 rose 10.1%; operating income of $1.15 billion rose 7.4%.
- 2026 GAAP EPS guidance raised by $0.15 to $11.35 to $11.55; revenue growth guidance raised to 4% to 5%.
- Q2 free cash flow was $631 million, up 41%; the company repurchased $750 million of shares in the quarter.
Read the filing on SEC.gov ↗
May 22, 4:03 PM ET
Illinois Tool Works said its Vice President and Chief Accounting Officer, Randall Scheuneman, will step down from that role June 30, 2026 and retire March 1, 2027, staying on as an advisor until then. Matteo Pigozzo, a company veteran since 2006, will take over as Chief Accounting Officer and Principal Accounting Officer effective July 1, 2026. The company said the planned retirement involves no disagreement on financial statements, internal controls, operations, policies or practices.
- Randall Scheuneman steps down as CAO and principal accounting officer effective June 30, 2026; retires March 1, 2027
- Matteo Pigozzo, age 55, succeeds him effective July 1, 2026
- Pigozzo joined in 2006 as Director of Financial Reporting and most recently served as Vice President & Corporate Controller
- The filing states no material changes to Pigozzo's compensation arrangements
Read the filing on SEC.gov ↗
Apr 30, 9:14 AM ET
Illinois Tool Works reported first-quarter 2026 revenue of $4.02 billion, up 4.6%, and GAAP earnings per share of $2.66, up 12%. The company raised its full-year 2026 GAAP EPS guidance by $0.10 to a range of $11.10 to $11.50, so shareholders get higher profit expectations, though organic revenue growth was only 0.4% and foreign currency added 3.9 points.
- Q1 revenue $4.02 billion, up 4.6%; organic growth 0.4%, with foreign currency adding 3.9 points
- Q1 GAAP EPS $2.66 versus $2.38 diluted a year earlier; operating margin 25.4%, up 60 basis points
- Full-year 2026 GAAP EPS guidance raised by $0.10 to $11.10-$11.50; revenue growth of 2%-4% projected
- Q1 share repurchases of $375 million; about $1.5 billion of buybacks expected in 2026
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
