ITW Reports Third Quarter 2026 Results
Key Highlights
- ➤Revenue $4.24 billion increased 4.4%; organic revenue growth reached 3.8%
- ➤GAAP EPS $3.00, grew 6.8% year over year
- ➤Record operating income $1.18 billion increased 5.9%
- ➤Operating margin 27.8%, expanded 40 basis points
- ➤Full-year GAAP EPS guidance $11.45-$11.55, midpoint raised $0.05
Expert Statements
Christopher A. O’Herlihy, President and Chief Executive Officer of Illinois Tool Works
“The ITW team delivered strong operational execution and financial performance in the third quarter, including organic growth of 4 percent (5 percent excluding the impact of a tornado affecting our Welding segment), 40 basis points of operating margin expansion to 27.8 percent, and a 7 percent increase in GAAP earnings per share to $3.00. Our top-line results reflect accelerating demand in our capex-related segments, Welding and Test & Measurement and Electronics, continued strength in Polymers & Fluids segment, and a meaningful increase in the contribution to revenue growth from our Customer-Back Innovation efforts. We entered the fourth quarter with strong operational momentum and are raising our EPS guidance for the year. As we continue to advance our enterprise strategy priorities, including our goal of 3 percent-plus Customer-Back Innovation yield, we are positioning ITW to deliver consistent, above-market organic growth while further expanding profitability and margins”
* Revenue of $4.24 billion increased +4% with organic growth of +4%; +5% ex-Welding tornado impact * Record operating income of $1.18 billion increased +6% * Operating margin of 27.8% expanded 40 bps with favorable price/cost income and margin impact * GAAP EPS of $3.00 grew +7% * Operating cash flow of $953 million and free cash flow conversion of 100% of net income * Full Year 2026 GAAP EPS guidance raised $0.05 at the midpoint to a narrowed range of $11.45 to $11.55 per share, representing +10% growth year-over-year at the midpoint GLENVIEW, Ill., Oct. 27, 2026 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) today reported its third quarter 2026 results and raised full year 2026 guidance.
“The ITW team delivered strong operational execution and financial performance in the third quarter, including organic growth of 4 percent (5 percent excluding the impact of a tornado affecting our Welding segment), 40 basis points of operating margin expansion to 27.8 percent, and a 7 percent increase in GAAP earnings per share to $3.00,” said Christopher A. O’Herlihy, President and Chief Executive Officer.
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