Illinois Tool Works reported third-quarter revenue of $4.24 billion, a 4% increase, with organic growth of 4% (5% excluding the impact of a tornado affecting its Welding segment). The company posted record operating income of $1.18 billion and GAAP earnings per share of $3.00, up 7%. Operating margin expanded 40 basis points to 27.8%, driven by favorable price/cost dynamics and enterprise initiatives. ITW raised its full-year 2026 GAAP EPS guidance by $0.05 at the midpoint to a narrowed range of $11.45 to $11.55, representing 10% growth year-over-year. The company also increased its dividend by 7%, bringing the annualized payout to $6.88 per share, marking the 63rd consecutive year of increases. Illinois Tool Works is a global multi-industry manufacturing leader operating across seven segments including food equipment, welding, and test & measurement.
