Quarterly ResultApr 30, 2026, 09:24 AM
ITW Q1 Revenue $4.02B (+5%); EPS $2.66 (+12%); FY26 EPS Guidance Raised
AI Summary
Illinois Tool Works Inc. reported solid first quarter 2026 results, with revenue increasing 4.6% to $4.02 billion and GAAP EPS growing 12% to $2.66. The company achieved operating margin expansion of 60 basis points to 25.4% and generated $528 million in free cash flow. ITW also raised its full-year 2026 GAAP EPS guidance by $0.10 to a range of $11.10 to $11.50, projecting continued strong financial performance.
Key Highlights
- Q1 Revenue $4.02B, up 4.6%; Organic revenue growth 0.4%.
- Q1 GAAP EPS $2.66, up 12%.
- Operating margin expanded 60 bps to 25.4%.
- Free cash flow $528M, up 6%; 69% conversion of net income.
- Repurchased $375M of shares in Q1.
- FY26 GAAP EPS guidance raised by $0.10 to $11.10-$11.50.
- Welding organic growth +6%; Test & Measurement and Electronics organic growth +5%.
- FY26 operating margin projected 26.5-27.5%, ~100 bps improvement.