ITW Reports Second Quarter 2026 Results and Raises Full Year 2026 Guidance

* Revenue of $4.30 billion, increased +6.1% as organic growth accelerated to +4.5% * Operating income of $1.15 billion grew +7.4% marking the most profitable quarter in company history * Operating margin of 26.7% expanded 40 bps, as enterprise initiatives contributed 120 bps * GAAP EPS of $2.84 increased +10.1% * Operating cash flow of $723 million and free cash flow of $631 million; an increase of +41% * Full Year 2026 guidance raised; organic revenue raised +1.5%-pts to new midpoint of 3.5% and GAAP EPS raised +$0.15 to new midpoint of $11.45 GLENVIEW, Ill., July 28, 2026 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) today reported its second quarter 2026 results and raised full year 2026 guidance.

“The ITW team delivered a strong operational and financial performance in the second quarter highlighted by organic growth of 4.5 percent, operating margin of 26.7 percent, and a 10 percent increase in GAAP earnings per share to $2.84,” said Christopher A. O’Herlihy, President and Chief Executive Officer.