ILLINOIS TOOL WORKS INC

Illinois Tool Works Inc. announced that Randall J. Scheuneman, Vice President & Chief Accounting Officer, will retire from the company effective March 1, 2027, and will step down from his current role on June 30, 2026. Matteo C. Pigozzo, currently Vice President & Corporate Controller, will succeed Mr. Scheuneman as Vice President & Chief Accounting Officer, effective July 1, 2026. This transition is part of the company's long-term succession planning.

Illinois Tool Works Inc. announced that its Board of Directors declared a quarterly dividend of $1.61 per share on the company's common stock for the second quarter of 2026. This dividend amounts to $6.44 per share on an annualized basis. The payment is scheduled for July 10, 2026, to shareholders who are on record as of June 30, 2026.

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.

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.

Illinois Tool Works Inc. (ITW) announced it will release its first quarter 2026 financial results on Thursday, April 30, 2026, at 7:00 a.m. CDT. Following the release, the company will host its Q1 2026 earnings webcast at 9:00 a.m. CDT, providing details for investor access via webcast link or conference call. Presentation materials and an audio webcast replay will be available on the investor relations website, with an audio-only replay accessible until May 7, 2026.