Citable filing context
ITW's research view summarizes recent SEC filing context, starting with debt_offering from Aug 13, 2026.
| Filed | Item | Context |
|---|---|---|
| Aug 13, 2026 | debt_offering | Illinois Tool Works issued $1.5 billion in 4.650% notes due 2029. |
| Jul 28, 2026 | earnings | ITW reported Q2 2026 revenue of $4.30 billion and raised its full-year 2026 GAAP EPS guidance to $11.45. |
| May 22, 2026 | management_change | Matteo C. Pigozzo will succeed Randall J. Scheuneman as VP & Chief Accounting Officer effective July 1, 2026. |
| Jul 28, 2026 | Guidance: effective_tax_rate | 23.00 to 24.00 |
| Jul 28, 2026 | Guidance: gaap_eps | 11.35 to 11.55 |
| Jul 28, 2026 | Guidance: operating_margin | 26.50 to 27.50 |
| Aug 6, 2026 | mda_quarterly | Illinois Tool Works (ITW) reported solid financial performance for the second quarter and first half of 2026, driven by the execution of its enterprise strategy and the ITW Business Model. Operating revenue grew 6.1% in the second quarter to $4.3 billion, with organic revenue increasing 4.5%. Growth was particularly strong in the Test & Measurement and Electronics segment, fueled by demand in semiconductor and electronics markets, and the Welding segment, which benefited from infrastructure, energy, and defense spending. Operating margins expanded to 26.7% in the second quarter, a 40-basis-point improvement, as benefits from enterprise initiatives and positive operating leverage outweighed higher employee-related expenses and unfavorable price/cost impacts. The company continues to prioritize high-quality organic growth of 4% or more through the cycle. Liquidity remains robust, with $839 million in cash and a new $3.0 billion revolving credit facility. ITW maintains a disciplined capital allocation strategy, repurchasing $1.1 billion in shares during the first half of 2026. While the company successfully navigates global volatility, including shifting tariff policies and geopolitical uncertainties, it remains focused on portfolio management and Customer-Back Innovation to sustain long-term competitive advantages and superior returns on invested capital. |
| May 7, 2026 | mda_quarterly | Illinois Tool Works (ITW) reported first-quarter 2026 operating revenue of $4,016 million, a 4.6% increase year-over-year, driven by favorable foreign currency translation and organic growth. Organic revenue grew 0.4%, with the Test & Measurement and Electronics segment leading at 4.6% due to semiconductor and electronics demand, followed by growth in Welding (6.0%) and Polymers & Fluids (1.7%). These gains were offset by declines in Specialty Products (-4.7%), Food Equipment (-2.8%), and Automotive OEM (-0.9%), where product line simplification impacted results. Operating income rose 7.2% to $1,020 million, expanding operating margins by 60 basis points to 25.4% through enterprise initiative efficiencies and lower restructuring expenses, despite higher employee-related costs. The company also completed a $120 million acquisition in the Test & Measurement and Electronics segment. ITW is currently executing its "Next Phase" enterprise strategy, targeting 4% or more organic growth via Customer-Back Innovation and the 80/20 Front-to-Back process. Financial positioning remains stable, characterized by $528 million in free cash flow and a 2.0x debt-to-EBITDA ratio. Primary risks include demand uncertainty from shifting U.S. tariff policies and geopolitical volatility. |
Source: SEC EDGAR filing text and events; period Aug 13, 2026; filed Aug 13, 2026.
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