Illinois Tool Works Inc. · NYSE:ITW
Illinois Tool Works — Q1 2022 Earnings Presentation
10 slides from Illinois Tool Works's earnings presentation, May 3, 2022
Slide 1: First Quarter 2022 Earnings Conference Call
FIRST QUARTER 2022 EARNINGS CONFERENCE CALL MAY 3, 2022
Slide 2: Forward-Looking Statements / Safe Harbor Statement
F O RWA R D - L O O K I N G S TAT E M E N T S 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 d
Slide 3: Q1'22 Financial Performance
Q1'22 FINANCIAL PERFORMANCE COMMENTARY GAAP EPS $2.11 $2.11 $3.9B +11.2% • In a challenging and dynamic environment, our teams continue to do an exceptional job of leveraging the $3.5B performance power of the ITW Business Model +10.6% Organic - Strong broad-based demand supported by ITW’s REVENUE a
Slide 4: Q1'22 Segment Performance
Q1'22 SEGMENT PERFORMANCE ITW OPERATING MARGIN PERFORMANCE AUTOMOTIVE OEM $783M $760M (3)% 24.1% Q1’22 18.1% (600) bps Operating Margin 22.7% Price/Cost (250) bps MTS Acquisition (70) bps Q1’21 Q1’22 Q1'21 Q1'22 Total Revenue Operating Margin Restructuring (20) bps • Organic revenue (1)% Core Operat
Slide 5: Q1'22 Segment Performance
Q1'22 SEGMENT PERFORMANCE FOOD EQUIPMENT TEST & MEASUREMENT/ELECTRONICS $566M +25% $685M +24% 22.3% +110 bps 28.4% 21.2% 26.0%* (240) bps $451M $552M MTS MTS 21.8% Q1'21 Q1'22 Q1'21 Q1'22 Q1'21 Q1'22 Q1'21 Q1'22 Total Revenue Operating Margin Total Revenue Operating Margin • Organic revenue 28% • Or
Slide 6: Q1'22 Segment Performance
Q1'22 SEGMENT PERFORMANCE WELDING POLYMERS & FLUIDS $450M +12% 30.3% 30.8% +50 bps $481M +11% $401M $435M 25.7% 24.5% (120) bps Q1'21 Q1'22 Q1'21 Q1'22 Q1'21 Q1'22 Q1'21 Q1'22 Total Revenue Operating Margin Total Revenue Operating Margin • Organic revenue 13% • Organic revenue 13% • Equipment 10%, C
Slide 7: Q1'22 Segment Performance
Q1'22 SEGMENT PERFORMANCE CONSTRUCTION PRODUCTS SPECIALTY PRODUCTS $551M +17% $469M 27.6% 27.6% 26.6% (100) bps 24.7% (290) bps $457M $452M (1)% Q1'21 Q1'22 Q1'21 Q1'22 Q1'21 Q1'22 Q1'21 Q1'22 Total Revenue Operating Margin Total Revenue Operating Margin • Organic revenue 21% • Organic revenue 1% •
Slide 8: 2022 Financial Guidance
2022 FINANCIAL GUIDANCE COMMENTARY GAAP EPS $8.51 $9.00 - $9.40 +11-16% - Excl. ‘21 tax items $8.09 • Raising organic growth guidance to 7 to 10% $15.7 - $16.2B +8.5-11.5% - Based on Q1 results and projecting current levels of demand through the balance of the year $14.5B +7-10% Organic - MTS acquis
Slide 9: Q&A
Q&A 9
Slide 10: Recently Released Reports
R E C E N T LY R E L E A S E D R E P O RT S 2021 SUSTAINABILITY REPORT 2021 ANNUAL REPORT Link to 2021 Sustainability Report Link to 2021 Annual Report 10