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AI brief of an SEC Form 8-K · Illinois Tool Works (ITW)

ITW Q4 revenue flat at $4.0 billion; EPS $2.38 vs. $2.95 a year earlier

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyIllinois Tool Works (ITW)
Form8-K, current report
Filed with the SECFeb 1, 2024, 9:19 AM ET
Accession number0000049826-24-000005

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 01, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.