Every material Form 8-K Illinois Tool Works has filed with the SEC since February 01, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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.
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
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
On February 20, 2026, Illinois Tool Works entered a $3.0 billion, five-year credit agreement with JPMorgan Chase Bank, N.A. as Agent and Citibank, N.A. as Syndication Agent, and terminated its existing credit agreement dated October 21, 2022. The company reported that no amounts were outstanding under either facility as of February 20, 2026, so the change refinances the revolver rather than adding borrowed funds.
New $3.0 billion five-year credit agreement dated February 20, 2026, with JPMorgan Chase Bank, N.A. as Agent and Citibank, N.A. as Syndication Agent
Replaces the existing revolver that was scheduled to terminate on October 21, 2027; the prior agreement was terminated on February 20, 2026
No amounts outstanding under either facility as of February 20, 2026
Company may request an increase of the total facility up to $5.0 billion, at the lenders' discretion; includes a minimum interest coverage ratio covenant
Illinois Tool Works reported fourth-quarter 2025 revenue of $4.1 billion, up 4.1%, and GAAP earnings of $2.72 per diluted share, up 7%. It also initiated 2026 guidance for GAAP EPS of $11.00 to $11.40 and plans to repurchase about $1.5 billion of its shares, which is relevant to shareholders because it sets the company's expected profit and buyback levels for the year.
Q4 2025 revenue was $4.1 billion, up 4.1%, with organic growth of 1.3%
Full-year 2025 GAAP EPS was $10.49, above the prior guidance midpoint of $10.45
2026 guidance: revenue growth of 2% to 4% and GAAP EPS of $11.00 to $11.40
The company plans to repurchase approximately $1.5 billion of its own shares in 2026
ITW reported third quarter 2025 revenue of $4.1 billion, up 2%, and diluted EPS of $2.81, down from $3.91 a year earlier when results included a $1.26 divestiture gain. The company narrowed its full-year 2025 GAAP EPS guidance to $10.40 to $10.50 per share, giving shareholders a tighter outlook for the year.
Q3 2025 revenue was $4.1 billion, up 2%, with organic growth of 1%.
Diluted EPS was $2.81 versus $3.91 a year earlier; the company says EPS grew 6% excluding the prior-year divestiture gain.
Operating margin was 27.4%, up 90 basis points; the company describes it as a record.
During the quarter ITW repurchased $375 million of its shares and raised its dividend 7% to an annualized $6.44 per share.
ITW reported second-quarter 2025 revenue of $4.1 billion, up 1%, with flat organic growth, and GAAP EPS of $2.58, up 2%. The company raised its full-year 2025 GAAP EPS guidance by $0.10 to a narrower range of $10.35 to $10.55 per share, which benefits shareholders if the outlook holds.
Q2 2025 revenue of $4.1 billion, up 1%; organic growth essentially flat
GAAP EPS of $2.58 in Q2, up 2%; operating margin 26.3%, up 10 basis points
Full-year 2025 GAAP EPS guidance raised to $10.35 to $10.55 per share from $10.15 to $10.55
Q2 free cash flow of $449 million, down from $571 million a year earlier; $375 million of shares repurchased in the quarter
ITW reported first-quarter 2025 revenue of $3.8 billion, down 3.4% from a year earlier, and GAAP diluted EPS of $2.38, which the company said was ahead of its plan expectations. It maintained its full-year 2025 GAAP EPS guidance of $10.15 to $10.55 per share, which shareholders will watch as tariff costs weigh on results. Revenue and EPS both declined year over year, so the report shows lower results even though guidance held.
Revenue was $3.8 billion, down 3.4%; organic revenue fell 1.6%, or was essentially flat on an equal days basis.
Diluted GAAP EPS was $2.38, compared with $2.73 a year earlier, which included a $0.29 one-time inventory accounting benefit; excluding that item, EPS declined two percent.
Operating margin was 24.8%, down 60 basis points on the adjusted comparison, and the company repurchased $375 million of its own shares in the quarter.
Full-year 2025 GAAP EPS guidance of $10.15 to $10.55 was maintained, with pricing actions expected to offset tariff cost impacts.
Illinois Tool Works entered into an amendment to its Euro-denominated credit agreement with ING Bank, N.V., London Branch, as agent, on February 24, 2025. The amendment extends the termination date to February 28, 2027, with an option to extend to September 15, 2027, and lowers the interest rate spread on loans from 0.75% to 0.70%. The company's facility is fully drawn, so the change affects the cost and term of existing borrowing rather than adding available capacity.
Amendment dated February 24, 2025, to the Euro credit agreement originally dated May 5, 2023
Termination date extended to February 28, 2027; company may extend to September 15, 2027 under stated conditions
Interest rate spread on loans decreased from 0.75% to 0.70%
€750 million outstanding; facility fully drawn with no amounts available for additional borrowing
ITW reported fourth quarter and full year 2024 results, with revenue down 1.3% in both periods while GAAP earnings per share rose. The company also initiated 2025 guidance calling for GAAP EPS of $10.15 to $10.55 and a total revenue decline of 1% to 3%, so shareholders face a mixed picture of higher per-share earnings on lower sales.
Q4 2024 revenue was $3.9 billion, down 1.3%; organic revenue fell 0.5%
Q4 GAAP EPS was $2.54, up 7%; full-year GAAP EPS was $11.71, which includes one-time items of $0.30 (LIFO change) and $1.26 (Wilsonart sale), with adjusted EPS of $10.15
2025 guidance: GAAP EPS of $10.15 to $10.55 and total revenue decline of 1% to 3%, including a foreign currency headwind of $0.30 per share
Full-year 2024 free cash flow was $2.8 billion, and the company returned $3.2 billion to shareholders through dividends and buybacks
ITW reported third quarter 2024 revenue of $4.0 billion, down 1.6%, while GAAP diluted EPS rose to $3.91 from $2.55, helped by a $1.26 gain on the sale of its Wilsonart stake. Excluding the gain, EPS was $2.65, up 4%, and the company raised its full-year 2024 GAAP EPS guidance by $1.33 to $11.63 to $11.73 per share, mainly reflecting the gain and a lower projected tax rate.
Q3 2024 revenue of $3,966 million, down 1.6%; organic growth declined 1.4%
GAAP diluted EPS of $3.91 includes a $1.26 gain from the Wilsonart sale; excluding it, EPS was $2.65, up 4%
2024 GAAP EPS guidance raised to $11.63 to $11.73 from $10.30 to $10.40; revenue guidance of approximately flat maintained
Company repurchased $375 million of its shares in the quarter and plans about $1.5 billion of repurchases for 2024
Illinois Tool Works reported second-quarter 2024 revenue of $4.0 billion, down 1.2% from a year earlier, while GAAP diluted EPS rose 2.4% to $2.54 and operating income rose 4.5% to $1.05 billion. The company lowered the top end of its full-year 2024 GAAP EPS guidance to $10.30 to $10.40 per share from $10.30 to $10.70, while raising its operating margin guidance to 26.5% to 27%.
Q2 2024 revenue was $4.0 billion, down 1.2%, with organic growth of negative 0.1%
GAAP diluted EPS was $2.54, up 2.4%; excluding a one-time 2023 tax item, EPS rose 5.4%
Full-year 2024 GAAP EPS guidance narrowed to $10.30 to $10.40 from $10.30 to $10.70
Company repurchased $375 million of its own shares in the quarter and plans about $1.5 billion of repurchases for 2024
Illinois Tool Works stockholders re-elected all twelve director nominees and approved the 2024 Long-Term Incentive Plan at the May 3, 2024 annual meeting. The Board also amended and restated the bylaws, effective immediately, to update stockholder nomination procedures for the universal proxy card rules. A non-binding stockholder proposal on executive termination pay was defeated.
All twelve director nominees were elected; for example, Daniel J. Brutto received 236,894,747 FOR votes and 6,699,323 AGAINST.
The 2024 Long-Term Incentive Plan was approved with 230,589,658 FOR and 10,027,188 AGAINST votes, succeeding the 2015 plan.
The advisory vote on executive compensation passed with 227,242,321 FOR and 14,783,908 AGAINST votes.
The stockholder proposal on executive termination pay was defeated, with 83,552,384 FOR and 158,296,763 AGAINST votes.
Illinois Tool Works reported first-quarter 2024 revenue of $4.0 billion, down 1%, with organic growth down 0.6%. GAAP EPS rose 17% to $2.73, but that figure includes a $0.29 benefit from a one-time LIFO-to-FIFO inventory accounting change; excluding it, EPS was $2.44, up 5%. The company raised its full-year GAAP EPS guidance by $0.30 to $10.30 to $10.70 and reaffirmed organic growth guidance of 1% to 3%.
Revenue of $3,973 million, down 1% from $4,019 million in Q1 2023; organic growth was down 0.6%
GAAP diluted EPS of $2.73, up 17%; excluding the one-time $0.29 item, EPS was $2.44, up 5%
Operating income of $1.13 billion included $117 million of pre-tax benefit; excluding it, operating income was $1.01 billion, up 4%
Full-year 2024 GAAP EPS guidance raised by $0.30 to $10.30 to $10.70; plans to repurchase about $1.5 billion of shares
Illinois Tool Works reported fourth-quarter 2023 revenue of $4.0 billion, up 0.3% from a year earlier, and diluted EPS of $2.38, down from $2.95. For full year 2023, revenue rose 1% to $16.1 billion and diluted EPS was $9.74, versus $9.77 in 2022. The company also initiated 2024 GAAP EPS guidance of $10.00 to $10.40, which it says is a 5% increase at the midpoint.
Q4 2023 revenue was $3,983 million vs. $3,971 million in Q4 2022; organic revenue fell 0.5%.
Q4 2023 diluted EPS was $2.38 vs. $2.95 a year earlier, including a $0.04 impact from Argentina's currency devaluation.
Full year 2023 revenue was $16.1 billion, up 1%; diluted EPS of $9.74 rose 6% excluding 2022 divestiture gains of $0.60.
2024 guidance: GAAP EPS of $10.00 to $10.40, revenue growth of 2% to 4%, and planned share repurchases of about $1.5 billion.
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