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

ITW Q4 revenue falls 1.3% to $3.9 billion, but GAAP EPS rises 7% to $2.54

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyIllinois Tool Works (ITW)
Form8-K, current report
Filed with the SECFeb 5, 2025, 9:31 AM ET
Accession number0000049826-25-000004

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 05, 2025.

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.