Illinois Tool Works Inc. · NYSE:ITW
Illinois Tool Works — Q1 2021 Earnings Presentation
9 slides from Illinois Tool Works's earnings presentation, Apr 30, 2021
Slide 1: First Quarter 2021 Earnings Conference Call
FIRST QUARTER 2021 EARNINGS CONFERENCE CALL APRIL 30, 2021
Slide 2: Forward-Looking Statement / Safe Harbor Statement
F O RWA R D - L O O K I N G S TAT E M E N T 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 dur
Slide 3: Q1'21 Financial Performance
Q1'21 FINANCIAL PERFORMANCE COMMENTARY GAAP EPS $1.77 $2.11 +19% • Continued demand improvement as revenue grew 10% - Organic revenue +6%, +8% on an equal days’ basis - Foreign currency translation +4% $3.5B $3.2B • Operating income of $905M, an increase of 19% REVENUE • Operating margin of 25.5%, a
Slide 4: Q1'21 Segment Performance: Automotive OEM
Q1'21 SEGMENT PERFORMANCE ORGANIC REVENUE GROWTH AUTOMOTIVE OEM Q4’20 Q1’21 Automotive OEM +8% +8% $783 +13% 24.1% +320 bps $696 20.9% Food Equipment (19)% (10)% T&M / Electronics (3)% +11% Welding (2)% +6% Q1'20 Q1'21 Q1'20 Q1'21 Polymers & Fluids +7% +9% Total Revenue Operating Margin Construction
Slide 5: Q1'21 Segment Performance: Food Equipment, Test & Measurement/Electronics
Q1'21 SEGMENT PERFORMANCE FOOD EQUIPMENT TEST & MEASUREMENT/ELECTRONICS $483 (7)% 24.3% (310) bps $552 +14% 28.4% +330 bps $451 21.2% $485 25.1% Q1'20 Q1'21 Q1'20 Q1'21 Q1’20 Q1’21 Q1’20 Q1’21 Total Revenue Operating Margin Total Revenue Operating Margin • Organic revenue (10)% • Organic revenue 11%
Slide 6: Q1'21 Segment Performance: Welding, Polymers & Fluids
Q1'21 SEGMENT PERFORMANCE WELDING POLYMERS & FLUIDS $401 +8% 30.3% +120 bps $435 +11% 25.7% +210 bps $372 29.1% $393 23.6% Q1'20 Q1'21 Q1'20 Q1'21 Q1'20 Q1'21 Q1'20 Q1'21 Total Revenue Operating Margin Total Revenue Operating Margin • Organic revenue 6% • Organic revenue 9% • Equipment 10%, Consumab
Slide 7: Q1'21 Segment Performance: Construction and Specialty Products
Q1'21 SEGMENT PERFORMANCE CONSTRUCTION PRODUCTS SPECIALTY PRODUCTS +20% +420 bps +10% +130 bps 27.6% 26.3% 27.6% $469 $457 23.4% $414 $390 Q1'20 Q1'21 Q1'20 Q1'21 Q1'20 Q1'21 Q1'20 Q1'21 Total Revenue Operating Margin Total Revenue Operating Margin • Organic revenue 13% • Organic revenue 7% • North
Slide 8: 2021 Core ITW Financial Guidance
2021 CORE ITW FINANCIAL GUIDANCE Excludes previously announced acquisition of MTS Test & Simulation business COMMENTARY GAAP EPS $6.63 $8.20 to $8.60 • Total revenue growth of 12 to 14% - Organic growth of +10 to +12% based on demand rates $14.1B exiting Q1 projected through FY’21 to $14.4B - Foreig
Slide 9: Q&A
Q&A 9