Illinois Tool Works Inc. · NYSE:ITW
Illinois Tool Works — Q1 2024 Earnings Presentation
10 slides from Illinois Tool Works's earnings presentation, Apr 30, 2024
Slide 1: First Quarter 2024 Earnings Conference Call
First Quarter 2024 April 30, 2024 Earnings Conference Call
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 global supply chain chal
Slide 3: Q1'24 Financial Performance
Q1’24 Financial Performance HIGHLIGHTS (ex-item)** GAAP EPS $2.33 $2.73 +17% • The near-term demand environment across the majority of our segments was challenging as expected $4.0B $4.0B (1)% - Organic growth of (0.6)% in line with our expectations - Expect positive growth through the balance of th
Slide 4: Q1'24 Segment Performance
Q1’24 Segment Performance ORGANIC GROWTH BY GEOGRAPHY AUTOMOTIVE OEM +3% +370 bps $816M 19.8% $796M 16.1% +15% +6% North +1% America (4)% EMEA APAC China Q1'23 Q1'24 Q1'23 Q1'24 Revenue Operating Margin • Near-term macro demand environment was • Organic revenue 3% challenging as expected • North Ame
Slide 5: Q1'24 Segment Performance
Q1’24 Segment Performance FOOD EQUIPMENT TEST & MEASUREMENT/ELECTRONICS (1)% 26.7% (70) bps $703M $696M (1)% 26.0% 24.5% $635M $631M 23.4% (110) bps Q1'23 Q1'24 Q1'23 Q1'24 Q1'23 Q1'24 Q1'23 Q1'24 Revenue Operating Margin Revenue Operating Margin • Organic revenue (1)% • Organic revenue (1)% • Equip
Slide 6: Q1'24 Segment Performance
Q1’24 Segment Performance WELDING POLYMERS & FLUIDS 32.7% +80 bps 31.9% +140 bps $493M (3)% $447M $432M (3)% 25.8% $476M 24.4% Q1'23 Q1'24 Q1'23 Q1'24 Q1'23 Q1'24 Q1'23 Q1'24 Revenue Operating Margin Revenue Operating Margin • Organic revenue (3)% • Organic revenue (1)% • Equipment (2)%, Consumables
Slide 7: Q1'24 Segment Performance
Q1’24 Segment Performance CONSTRUCTION PRODUCTS SPECIALTY PRODUCTS $526M $488M (7)% 29.4% +190 bps $440M +4% +410 bps $423M 29.7% 27.5% 25.6% Q1'23 Q1'24 Q1'23 Q1'24 Q1'23 Q1'24 Q1'23 Q1'24 Revenue Operating Margin Revenue Operating Margin • Organic revenue (7)% • Organic revenue 6% • North America
Slide 8: 2024 Financial Guidance
2024 Financial Guidance HIGHLIGHTS GAAP EPS $9.74 $10.30 – $10.70 +6 - 10% • Expect that current levels of demand across our end markets and favorable comparisons year-over-year $16.4 - $16.7B +2 - 4% translate to positive organic growth through the balance $16.1B of the year - On track to deliver o
Slide 9: Q&A
Q&A
Slide 10: Recently Released Reports
Recently Released Reports 2023 ANNUAL REPORT 2023 SUSTAINABILITY REPORT Link to Sustainability Report Link to Annual Report 10 Never stronger. Never better positioned for the future.