Illinois Tool Works Inc
ITW
ISIN null / Valor 940785
Illinois Tool Works Inc
UMushroom community rating:
About company
Illinois Tool Works Inc. is a publicly traded, diversified industrial manufacturer headquartered in Glenview, Illinois, that designs and produces specialty engineered components, consumables and equipment for a wide range of markets including automotive, construction, electronics, foodservice and general industrial customers. Its product mix spans fastening systems and assembly technologies, welding and joining equipment, adhesives and sealants, packaging and food‑service machinery, testing and measurement tools, and related consumables and replacement parts, with sales driven by both original equipment and aftermarket demand. The company operates through a decentralized network of smaller business units and has grown through targeted acquisitions, emphasizing operational margins, free cash flow and recurring revenue from consumables and service parts.
Summarized from source with an LLMView SourceSector: IndustrialsLatest Results (19.07.2026):
Illinois Tool Works Inc. reported first quarter 2026 results: revenue of $4.02 billion (up 4.6%), GAAP earnings per share of $2.66 (up 12%), operating income of $1.02 billion and an operating margin of 25.4% (up 60 basis points). The company raised full‑year 2026 GAAP EPS guidance to $11.10–$11.50 and reported strong cash generation with $623 million of operating cash flow and $528 million of free cash flow for the quarter.
Revenue and growth
Q1 2026 revenue was $4.02B (+4.6%). Organic revenue grew 0.4%, foreign currency translation added 3.9% and an acquisition contributed 0.3%.
Profitability & margin drivers
Operating income rose 7% to $1.02B and operating margin expanded 60 bps to 25.4%. Enterprise initiatives contributed ~120 bps of margin improvement this quarter.
Earnings and guidance
GAAP EPS was $2.66 (+12%). ITW raised full‑year 2026 GAAP EPS guidance by $0.10 to $11.10–$11.50 (≈8% growth at the midpoint). Revenue guidance for 2026 is +2–4% (organic +1–3%).
Cash flow and capital return
Operating cash flow was $623M and free cash flow $528M (69% FCF-to-net-income conversion this quarter). The company repurchased $375M of stock in Q1 and expects to repurchase about $1.5B for the full year; FCF is projected to exceed 100% of net income in 2026.
Segment performance
Capex‑related segments led demand: Welding organic +6% and Test & Measurement & Electronics organic +5%. Welding posted the highest margin at 32.1%. Automotive OEM and Specialty Products showed weaker organic trends.
Tax, non‑GAAP items and adjustments
The reported effective tax rate was 20.6% for Q1 2026, which includes a $34M discrete tax benefit (adjusted rate ~24.1%). Amortization of acquisition‑related intangibles reduced EPS by about $0.05. ITW provides reconciliations for its non‑GAAP measures.
Balance sheet snapshot
At March 31, 2026 ITW held $827M cash and equivalents, total debt of $9,148M (short‑term $2,545M; long‑term $6,603M), inventories $1,726M and shareholders' equity of $3,230M.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
84889 M
Market cap (USD)
1,215,470
Daily traded volume (Shares)
255.71 / 252.51
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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