Quarterly ResultMay 7, 2026, 04:12 PM
Illinois Tool Works Q1 Revenue $4.02B; EPS $2.66
AI Summary
Illinois Tool Works Inc. reported strong financial results for the first quarter of 2026, with operating revenue increasing to $4.02 billion, up 4.6% from the prior year. Net income grew by 9.7% to $768 million, and diluted EPS rose 11.8% to $2.66. The company also entered a new $3.0 billion revolving credit facility and continued its share repurchase program, buying back $375 million of common stock.
Key Highlights
- Operating revenue for Q1 2026 was $4.02 billion, a 4.6% increase from $3.84 billion in Q1 2025.
- Net income for Q1 2026 rose 9.7% to $768 million, compared to $700 million in Q1 2025.
- Diluted earnings per share (EPS) increased 11.8% to $2.66 in Q1 2026 from $2.38 in Q1 2025.
- Operating income grew 7.3% to $1.02 billion in Q1 2026, up from $951 million in Q1 2025.
- The company entered into a new $3.0 billion, five-year revolving credit facility on February 20, 2026.
- Illinois Tool Works repurchased $375 million of common stock during the first quarter of 2026.
- Dividends declared were $1.61 per share in Q1 2026, totaling $464 million.
- Test & Measurement and Electronics segment revenue increased to $715 million from $652 million year-over-year.
Price Impact
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