Illinois Tool Works Inc. · NYSE:ITW
Illinois Tool Works — Q2 2025 Earnings Presentation
9 slides from Illinois Tool Works's earnings presentation, Jul 30, 2025
Slide 1: Second Quarter 2025 Earnings Conference Call
Second Quarter 2025 July 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 the potential impact of
Slide 3: Q2'25 Financial Performance
Q2’25 Financial Performance COMMENTARY GAAP EPS $2.54 $2.58 +2% • Top-line outpaced underlying end markets $4.1B +1% - Revenue growth of +1%, FX impact of +1% $4.0B - Encouraging sequential growth of +6% ~flat Organic • Solid execution on all elements within our control Revenue - Enterprise initiati
Slide 4: Q2'25 Financial Performance
Q2’25 Financial Performance SEQUENTIAL IMPROVEMENT AUTOMOTIVE OEM GAAP EPS $2.38 $2.58 +8% $845M +4% $815M 21.3% +190 bps 19.4% $4.1B +6% $3.8B Revenue Q2'24 Q2'25 Q2'24 Q2'25 Revenue Operating Margin Q1’25 Q2'25 • Organic revenue 2% • North America (7)% Operating Margin 24.8% 26.3% +150 bps • Europ
Slide 5: Q2'25 Segment Performance
Q2’25 Segment Performance FOOD EQUIPMENT TEST & MEASUREMENT/ELECTRONICS 27.1% 27.7% +60 bps 23.5% $667M $680M +2% $678M $686M +1% 22.8% (70) bps Q2'24 Q2'25 Q2'24 Q2'25 Q2'24 Q2'25 Q2'24 Q2'25 Revenue Operating Margin Revenue Operating Margin • Organic revenue 1% • Organic revenue (1)% • Equipment f
Slide 6: Q2'25 Segment Performance
Q2’25 Segment Performance WELDING POLYMERS & FLUIDS $479M +3% 32.9% 33.1% +20 bps $466M 28.2% 27.7% (50) bps $454M (3)% $438M Q2'24 Q2'25 Q2'24 Q2'25 Q2'24 Q2'25 Q2'24 Q2'25 Revenue Operating Margin Revenue Operating Margin • Organic revenue 3% • Organic revenue (4)% • Equipment 4%, Consumables 1% •
Slide 7: Q2'25 Financial Performance
Q2’25 Financial Performance CONSTRUCTION PRODUCTS SPECIALTY PRODUCTS $504M $473M (6)% 30.8% +140 bps $455M +1% 32.6% +70 bps $449M 31.9% 29.4% Q2'24 Q2'25 Q2'24 Q2'25 Q2'24 Q2'25 Q2'24 Q2'25 Revenue Operating Margin Revenue Operating Margin • Organic revenue (7)% • Organic revenue flat • North Ameri
Slide 8: 2025 Financial Guidance
2025 Financial Guidance GAAP EPS $11.71 $10.35 - $10.55 COMMENTARY - Ex. one-time items* $10.15 +2 – 4% • Continuing to outperform underlying end markets - Top-line guidance based on current levels of demand $15.9B $16.0 – $16.4B 1 - 3% adjusted for incremental pricing associated with tariffs 0 - 2%
Slide 9: Q&A
Q&A