Illinois Tool Works Inc. · NYSE:ITW
Illinois Tool Works — Q2 2026 Earnings Presentation
9 slides from Illinois Tool Works's earnings presentation, Jul 28, 2026
Slide 1: Second Quarter 2026 Earnings Conference Call
Second Quarter 2026 Earnings Conference Call July 28, 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: Q2'26 Financial Performance
Q2’26 Financial Performance COMMENTARY GAAP EPS $2.58 $2.84 +10.1% • Meaningful organic growth acceleration to +4.5% in Q2 - Strong capex demand trends; double-digit organic growth $4.30B +6.1% in Welding and Test & Measurement/Electronics $4.05B - Significantly higher contribution from new products
Slide 4: Q2'26 Financial Performance: Sequential Growth and Automotive OEM
Q2’26 Financial Performance SEQUENTIAL GROWTH (FROM Q1 TO Q2) AUTOMOTIVE OEM GAAP EPS $2.66 $2.84 +7% $845M $857M +1% 21.6% +30 bps 21.3% $4.30B +7% $4.02B Revenue Q2'25 Q2'26 Q2'25 Q2'26 Revenue Operating Margin Q1’26 Q2'26 • Organic revenue ~flat Operating Margin 25.4% 26.7% +130 bps • North Ameri
Slide 5: Q2'26 Financial Performance: Food Equipment and Test & Measurement/Electronics
Q2’26 Financial Performance FOOD EQUIPMENT TEST & MEASUREMENT/ELECTRONICS $769M +12% 25.2% +240 bps $680M $692M +2% 27.7% 27.1% (60) bps $686M 22.8% Q2'25 Q2'26 Q2'25 Q2'26 Q2'25 Q2'26 Q2'25 Q2'26 Revenue Operating Margin Revenue Operating Margin • Organic revenue flat • Organic revenue 10% • Equipm
Slide 6: Q2'26 Financial Performance: Welding and Polymers & Fluids
Q2’26 Financial Performance WELDING POLYMERS & FLUIDS $549M +15% 33.1% 29.3% +160 bps 32.4% (70) bps $479M $476M +9% 27.7% $438M Q2'25 Q2'26 Q2'25 Q2'26 Q2'25 Q2'26 Q2'25 Q2'26 Revenue Operating Margin Revenue Operating Margin • Organic revenue 14% • Organic revenue 7% • Equipment 19%, Consumables 6
Slide 7: Q2'26 Financial Performance: Construction and Specialty Products
Q2’26 Financial Performance CONSTRUCTION PRODUCTS SPECIALTY PRODUCTS 32.6% $494M +4% 30.8% 30.6% (20) bps 31.5% (110) bps $473M $468M +3% $455M Q2'25 Q2'26 Q2'25 Q2'26 Q2'25 Q2'26 Q2'25 Q2'26 Revenue Operating Margin Revenue Operating Margin • Organic revenue 2% • Organic revenue 2% • North America
Slide 8: 2026 Financial Guidance
2026 Financial Guidance COMMENTARY GAAP EPS $10.49 $11.35 - $11.55 +7 - 11% • Raising top and bottom-line guidance due to strong demand trends + increased contribution from new products (CBI) $16.7 - $16.8B +4 - 5% - Organic growth: +1.5%-pts. to new mid-pt. of +3.5% $16.0B +3 - 4% - Implied second
Slide 9: Q&A
Q&A Never stronger. Never better positioned for the future. 9