Illinois Tool Works Inc. · NYSE:ITW
Illinois Tool Works — Q4 2025 Earnings Presentation
11 slides from Illinois Tool Works's earnings presentation, Feb 3, 2026
Slide 1: Fourth Quarter 2025 Earnings Conference Call
Fourth Quarter 2025 Earnings Conference Call February 3, 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: Q4'25 Financial Performance
Q4’25 Financial Performance COMMENTARY GAAP EPS $2.54 $2.72 +7% • Revenue growth of +4.1% outpacing end markets - Organic growth of +1.3% $4.1B +4% - Sequential growth Q3 to Q4 of +4% vs. historical +2% $3.9B - FX/Acquisition impact of +2.8% +1% Organic • Solid “Do What We Say” execution on the cont
Slide 4: Q4'25 Financial Performance: Customer-Back Innovation and Automotive OEM
Q4’25 Financial Performance CUSTOMER-BACK INNOVATION (CBI) AUTOMOTIVE OEM FULL YEAR % CONTRIBUTION TO ORGANIC GROWTH 3%+ $827M +6% 21.8% +200 bps $785M 19.8% 2.4% 2.0% Q4'24 Q4'25 Q4'24 Q4'25 2024 2025 2030 Revenue Operating Margin Target • Excellent progress on CBI, the key driver of ITW’s • Organi
Slide 5: Q4'25 Financial Performance: Food Equipment, Test & Measurement/Electronics
Q4’25 Financial Performance FOOD EQUIPMENT TEST & MEASUREMENT/ELECTRONICS $698M +4% 28.0% +80 bps $789M +6% 27.2% $747M 28.1% +110 bps $672M 27.0% Q4'24 Q4'25 Q4'24 Q4'25 Q4'24 Q4'25 Q4'24 Q4'25 Revenue Operating Margin Revenue Operating Margin • Organic revenue 1% • Organic revenue 2% • Equipment f
Slide 6: Q4'25 Financial Performance: Welding, Polymers & Fluids
Q4’25 Financial Performance WELDING POLYMERS & FLUIDS 33.3% +210 bps $462M +3% $447M 31.2% $457M +7% 29.0% +110 bps $430M 27.9% Q4'24 Q4'25 Q4'24 Q4'25 Q4'24 Q4'25 Q4'24 Q4'25 Revenue Operating Margin Revenue Operating Margin • Organic revenue 2% • Organic revenue 5% • Equipment 4%, Consumables flat
Slide 7: Q4'25 Financial Performance: Construction Products, Specialty Products
Q4’25 Financial Performance CONSTRUCTION PRODUCTS SPECIALTY PRODUCTS $433M +4% $438M (2)% 29.0% +100 bps 28.7% +30 bps $431M $416M 28.4% 28.0% Q4'24 Q4'25 Q4'24 Q4'25 Q4'24 Q4'25 Q4'24 Q4'25 Revenue Operating Margin Revenue Operating Margin • Organic revenue (4)% • Organic revenue 1% • North America
Slide 8: 2025 Financial Performance
2025 Financial Performance COMMENTARY GAAP EPS $11.71 $10.49 • Consistently outperformed end markets in 2025 - Ex. one-time items* $10.15 +3% - Revenue growth of +1% $16.0B +1% • Disciplined execution on the controllables $15.9B - Enterprise initiatives contribution of +130 bps Flat Organic - Pricin
Slide 9: 2026 Financial Guidance
2026 Financial Guidance COMMENTARY GAAP EPS $10.49 $11.00 - $11.40 +5 - 9% • Well-positioned to outperform end markets again in 2026 - Revenue growth of +2 to 4% based on current levels of $16.3 - $16.6B +2 - 4% demand and present FX rates $16.0B +1 - 3% Organic • Disciplined execution on the contro
Slide 10: 2026 Organic Growth Rate Projections by Segment
2026 Organic Growth Rate Projections by Segment Based on current levels of demand (“run rate”) adjusted for typical seasonality Automotive Food Polymers Construction Specialty Total T&M / E Welding OEM Equipment & Fluids Products Products Company 2026 0 to 2% 2 to 4% 2 to 4% 2 to 4% 1 to 3% 1 to 3%
Slide 11: Q&A
Q&A Never stronger. Never better positioned for the future. 11