Illinois Tool Works Inc. · NYSE:ITW
Illinois Tool Works — Q1 2026 Earnings Presentation
9 slides from Illinois Tool Works's earnings presentation, Apr 30, 2026
Slide 1: First Quarter 2026 Earnings Conference Call
First Quarter 2026 Earnings Conference Call April 30, 2026 Never stronger. Never better positioned for the future.
Slide 2: Forward-Looking Statements
Forward-Looking Statements Safe Harbor Statement This presentation and related conference call contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements regarding the potential impact of
Slide 3: Q1'26 Financial Performance
Q1'26 Financial Performance COMMENTARY GAAP EPS $2.38 $2.66 +12% • Revenue growth of +5% outpacing end markets; positive demand trends continued in capex-related segments $4.02B +5% - Organic growth +0.4%, FX/Acquisition +4.2% $3.84B - PLS and Middle East impact ~(1)% • Disciplined “Do What We Say”
Slide 4: Q1'26 Financial Performance: Enterprise Initiatives and Automotive OEM
Q1'26 Financial Performance ENTERPRISE INITIATIVES AUTOMOTIVE OEM CONTRIBUTION TO OPERATING MARGIN +130 bps +130 bps +130 bps +120 bps $820M +4% +110 bps $786M 21.0% +170 bps 19.3% +90 bps 2021 2022 2023 2024 2025 Q1’2026 Q1'25 Q1'26 Q1'25 Q1'26 Revenue Operating Margin • On track for positive margi
Slide 5: Q1'26 Financial Performance: Food Equipment and Test & Measurement/Electronics
Q1'26 Financial Performance FOOD EQUIPMENT TEST & MEASUREMENT/ELECTRONICS $637M +2% 26.5% $715M +10% $627M 24.7% (180) bps $652M 22.9% +150 bps 21.4% Q1'25 Q1'26 Q1'25 Q1'26 Q1'25 Q1'26 Q1'25 Q1'26 Revenue Operating Margin Revenue Operating Margin • Organic revenue (3)% • Organic revenue 5% • Equipm
Slide 6: Q1'26 Financial Performance: Welding and Polymers & Fluids
Q1'26 Financial Performance WELDING POLYMERS & FLUIDS 32.5% 32.1% (40) bps $507M +7% $452M +5% 28.0% +150 bps $472M $429M 26.5% Q1'25 Q1'26 Q1'25 Q1'26 Q1'25 Q1'26 Q1'25 Q1'26 Revenue Operating Margin Revenue Operating Margin • Organic revenue 6% • Organic revenue 2% • Equipment 8%, Consumables 2% •
Slide 7: Q1'26 Financial Performance: Construction Products and Specialty Products
Q1'26 Financial Performance CONSTRUCTION PRODUCTS SPECIALTY PRODUCTS $458M +3% 30.9% 31.3% +40 bps $443M 29.4% +20 bps $435M $431M (1)% 29.2% Q1'25 Q1'26 Q1'25 Q1'26 Q1'25 Q1'26 Q1'25 Q1'26 Revenue Operating Margin Revenue Operating Margin • Organic revenue (1)% • Organic revenue (5)% • North Americ
Slide 8: 2026 Financial Guidance
2026 Financial Guidance COMMENTARY GAAP EPS $10.49 $11.10 - $11.50 +6 - 10% • Well-positioned to outperform our end markets $16.3 - $16.6B +2 - 4% - Positive demand trends in capex-related segments $16.0B - Solid progress on Customer-Back Innovation +1 - 3% Organic • Disciplined ‘Do What We Say’ exe
Slide 9: Q&A
Q&A Never stronger. Never better positioned for the future. 9