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

ITW Q2 revenue fell 1.2% to $4.0 billion; EPS rose 2.4%, top of 2024 EPS guidance cut

Mixed Impact 4 of 5 earnings Written later

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%.

Key points

  • 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

The filing

CompanyIllinois Tool Works (ITW)
Form8-K, current report
Filed with the SECJul 30, 2024, 9:18 AM ET
Accession number0000049826-24-000034

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 July 30, 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.