Illinois Tool Works Inc. · NYSE:ITW
Illinois Tool Works — Q3 2025 Earnings Presentation
9 slides from Illinois Tool Works's earnings presentation, Oct 24, 2025
Slide 1: Third Quarter 2025 Earnings Conference Call
Third Quarter 2025 Earnings Conference Call October 24, 2025 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: Q3'25 Financial Performance
Q3’25 Financial Performance COMMENTARY GAAP EPS $3.91 $2.81 - Ex. Divestiture gain $2.65 +6% • Revenue growth consistently outpacing end markets - Organic growth of +1% in markets that declined LSD $4.0B $4.1B +2% - Product line simplification impact of ~(1)% +1% • Strong “Do What We Say” execution
Slide 4: Q3'25 Financial Performance: Automotive OEM
Q3’25 Financial Performance SEQUENTIAL IMPROVEMENT AUTOMOTIVE OEM Organic Growth YoY (1)% ~flat +1% $830M +7% 21.8% +240 bps $772M 19.4% $2.81 $2.58 $2.38 GAAP EPS Q3'24 Q3'25 Q3'24 Q3'25 Revenue Operating Margin Q1’25 Q2’25 Q3'25 • Organic revenue 5%, PLS of (1)% • North America 3% Operating Margin
Slide 5: Q3'25 Financial Performance: Food Equipment, Test & Measurement/Electronics
Q3’25 Financial Performance FOOD EQUIPMENT TEST & MEASUREMENT/ELECTRONICS $694M +3% 29.2% +80 bps 28.4% $697M $698M ~flat $677M 25.7% 25.4% (30) bps Q3'24 Q3'25 Q3'24 Q3'25 Q3'24 Q3'25 Q3'24 Q3'25 Revenue Operating Margin Revenue Operating Margin • Organic revenue 1% • Organic revenue (1)% • Equipme
Slide 6: Q3'25 Financial Performance: Welding, Polymers & Fluids
Q3’25 Financial Performance WELDING POLYMERS & FLUIDS $477M +3% 32.3% 32.6% +30 bps 28.5% +60 bps $462M $448M $441M 27.9% (2)% Q3'24 Q3'25 Q3'24 Q3'25 Q3'24 Q3'25 Q3'24 Q3'25 Revenue Operating Margin Revenue Operating Margin • Organic revenue 3% • Organic revenue (3)%, PLS of (1)% • Equipment 6%, Co
Slide 7: Q3'25 Financial Performance: Construction and Specialty Products
Q3’25 Financial Performance CONSTRUCTION PRODUCTS SPECIALTY PRODUCTS $479M 31.6% +140 bps $452M +3% 32.3% +120 bps $473M (1)% $438M 31.1% 30.2% Q3'24 Q3'25 Q3'24 Q3'25 Q3'24 Q3'25 Q3'24 Q3'25 Revenue Operating Margin Revenue Operating Margin • Organic revenue (2)%, PLS of (1)% • Organic revenue 2%,
Slide 8: 2025 Financial Guidance
2025 Financial Guidance COMMENTARY GAAP EPS $11.71 $10.40 - $10.50 - Ex. one-time items* $10.15 +3% at mid-pt. • Continuing to deliver above-market organic growth - Customer-Back Innovation contributes 2.3 – 2.5% $15.9B $16.0 – $16.4B 1 - 3% - Product line simplification impact of ~(1)% 0 - 2% • Str
Slide 9: Q&A
Q&A Never stronger. Never better positioned for the future. 9