Illinois Tool Works raises 2026 guidance after strong second-quarter results
Filed with the SEC on · Summarized by InvestorsBot
Illinois Tool Works reported second-quarter 2026 revenue of $4.30 billion, up 6.1%, GAAP EPS of $2.84, up 10.1%, and operating income of $1.15 billion, while free cash flow rose 41% to $631 million. On July 28, 2026, the company raised full-year guidance to 4%–5% revenue growth, 3%–4% organic growth, and GAAP EPS of $11.35–$11.55, and expects to repurchase approximately $1.5 billion of shares.