Every material Form 8-K Illinois Tool Works filed with the SEC in 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.
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.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Illinois Tool Works filing is on SEC EDGAR ↗. 8-K briefs of other companies →