Form 8-K · Current report
Illinois Tool Works 8-K, filed Oct 27, 2026
- Filed
- CIK
- 0000049826
- Accession no.
- 0000049826-26-000057
Summary
Illinois Tool Works reported third-quarter 2026 revenue of $4.24 billion, up 4.4% (3.8% organic), record operating income of $1.18 billion, operating margin of 27.8%, and GAAP EPS of $3.00, and raised its full-year 2026 GAAP EPS guidance by $0.05 at the midpoint to a narrowed range of $11.45 to $11.55 per share. CEO Christopher A. O'Herlihy attributed the results to accelerating demand in the capex-related Welding and Test & Measurement and Electronics segments and continued strength in Polymers & Fluids, and said the company is raising revenue growth guidance to 4.5% to 5.5% while reaffirming organic growth guidance of 3% to 4%.
Key points
- A late-July tornado damaged two Welding facilities, reducing third-quarter revenue by an estimated $40 million; excluding it, Welding organic growth would have been about 15% and total company organic growth about 5%, with the lost operating income largely offset by business interruption insurance.
- ITW raised its quarterly dividend 7%, bringing the annualized payout to $6.88 per share and marking a 63rd consecutive year of dividend increases, and repurchased $187 million of shares in the quarter.
- Operating cash flow was $953 million and free cash flow was $851 million, a 100% conversion of net income.
- Full-year 2026 guidance projects operating margin of 26.5% to 27.5%, free cash flow of about 100% of net income, roughly $1.5 billion of share repurchases, and an effective tax rate of 23% to 24%.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02 Results of Operations and Financial Condition On October 27, 2026, Illinois Tool Works Inc. (the "Company") announced its 2026 third quarter results of operations in the press release furnished as Exhibit 99.1. Non-GAAP Financial Measures The Company uses free cash flow to measure cash flow generated by operations that is available for dividends, share repurchases, acquisitions and debt repayment. The Company believes this non-GAAP financial measure, along with free cash flow to net income conversion rate, are useful to investors in evaluating the Company’s financial performance and measures the Company's ability to generate cash internally to fund Company initiatives. …
An excerpt of the text as filed with the SEC, cut for length.
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