The company said revenue for Q3 2026 rose 4.4% to $4.24 billion, and operating income increased 5.9% to $1.18 billion, a quarterly record for the company. GAAP EPS grew 6.8% to $3.00.

1. 01

   The company said revenue for Q3 2026 rose 4.4% to $4.24 billion, and operating income increased 5.9% to $1.18 billion, a quarterly record for the company. GAAP EPS grew 6.8% to $3.00.

2. 02

   The company said operating margin for Q3 expanded 40 basis points to 27.8%, and that enterprise initiatives contributed 130 basis points. It also said that tornado damage to Welding facilities in late July reduced revenue by about $40 million, while the loss of operating income was largely offset by business interruption insurance.

3. 03

   Illinois Tool Works said operating cash flow for Q3 was $953 million and free cash flow was $851 million, representing a 100% conversion of net income. In the same quarter, it repurchased $187 million of its own shares and raised its dividend 7%, bringing the annualized payout to $6.88 per share.

4. 04

   The company raised its full-year 2026 GAAP EPS guidance by $0.05 at the midpoint, narrowing the range to $11.45 to $11.55. It also raised its revenue growth guidance to 4.5 to 5.5% and reaffirmed its organic growth guidance of 3 to 4%. The company said it expects to repurchase about $1.5 billion of its own shares.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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