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

ITW Q3 revenue down 1.6%; GAAP EPS of $3.91 includes $1.26 divestiture gain

Mixed Impact 4 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyIllinois Tool Works (ITW)
Form8-K, current report
Filed with the SECOct 30, 2024, 9:27 AM ET
Accession number0000049826-24-000045

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 October 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.