Illinois Tool Works Inc. · NYSE:ITW
Illinois Tool Works — Q1 2025 Earnings Presentation
9 slides from Illinois Tool Works's earnings presentation, Apr 30, 2025
Slide 1: First Quarter 2025 Earnings Conference Call
First Quarter 2025 April 30, 2025 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: Q1'25 Financial Performance
Q1’25 Financial Performance GAAP EPS $2.73 $2.38 COMMENTARY - Ex. one-time item* $2.44 (2)% • Continuing to outperform underlying end markets $4.0B $3.8B (3.4)% - Flat organic growth on an equal days’ basis (1.6)% - FX impact of (1.8)%, PLS impact of (50) bps Organic • Solid execution on all element
Slide 4: Q1'25 Segment Performance: Automotive OEM
Q1’25 Segment Performance ORGANIC GROWTH BY GEOGRAPHY AUTOMOTIVE OEM 12% $816M $786M (4)% 19.8% 19.3% (50) bps 7% North America EMEA APAC China (3)% (3)% Q1'24 Q1'25 Q1'24 Q1'25 • China +9% ex-Automotive OEM Revenue Operating Margin REVENUE BY GEOGRAPHY • Organic revenue (1)%, PLS reduction of 1% •
Slide 5: Q1'25 Segment Performance: Food Equipment, Test & Measurement/Electronics
Q1’25 Segment Performance FOOD EQUIPMENT TEST & MEASUREMENT/ELECTRONICS 26.0% 26.5% +50 bps 23.4% $631M $696M $627M (1)% $652M (6)% 21.4% (200) bps Q1'24 Q1'25 Q1'24 Q1'25 Q1'24 Q1'25 Q1'24 Q1'25 Revenue Operating Margin Revenue Operating Margin • Organic revenue 1% • Organic revenue (5)% • Equipmen
Slide 6: Q1'25 Segment Performance: Welding, Polymers & Fluids
Q1’25 Segment Performance WELDING POLYMERS & FLUIDS 32.7% 32.5% (20) bps 26.5% $476M $472M (1)% 25.8% +70 bps $432M $429M (1)% Q1'24 Q1'25 Q1'24 Q1'25 Q1'24 Q1'25 Q1'24 Q1'25 Revenue Operating Margin Revenue Operating Margin • Organic revenue flat • Organic revenue 2% • Equipment 1%, Consumables (2)
Slide 7: Q1'25 Segment Performance: Construction and Specialty Products
Q1’25 Financial Performance CONSTRUCTION PRODUCTS SPECIALTY PRODUCTS $488M $443M (9)% $440M $435M (1)% 30.9% +120 bps 29.4% 29.2% (20) bps 29.7% Q1'24 Q1'25 Q1'24 Q1'25 Q1'24 Q1'25 Q1'24 Q1'25 Revenue Operating Margin Revenue Operating Margin • Organic revenue (7)% • Organic revenue 1%, PLS reductio
Slide 8: 2025 Financial Guidance
2025 Financial Guidance GAAP EPS $11.71 $10.15 - $10.55 COMMENTARY - Ex. one-time items $10.15 “No change” • ITW is better positioned than most in the current $15.9B $15.9 – $16.2B 0 - 2% environment; maintaining 2025 guidance − Organic growth based on current levels of demand 0 - 2% adjusted for in
Slide 9: Q&A
Q&A