Illinois Tool Works — Third Quarter 2026 Earnings Summary

Illinois Tool Works Inc. reported third-quarter 2026 revenue of $4.24 billion, representing a 4% increase with 3.8% organic growth. The company achieved a record operating income of $1.18 billion, expanding its operating margin by 40 basis points to 27.8% and reporting GAAP earnings per share of $3.00. A tornado affecting the Welding segment reduced revenue by an estimated $40 million, but excluding this impact, the segment's organic growth would have been approximately 15%. ITW raised its full-year 2026 GAAP earnings per share guidance to a range of $11.45 to $11.55, reflecting a 10% year-over-year growth at the midpoint.