Illinois Tool Works Inc. (ITW) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone, and thank you for joining us for today's ITW third quarter 2025 earnings webcast. As a reminder, all phone participants have been placed in a listen-only mode to cut down on background noise, and later you will have the opportunity to ask questions during our question and answer session. Also, please be aware that today's session is being recorded. It is now my pleasure to turn the floor over to our host, Erin Linehan, Vice President of Investor Relations. Welcome. Thank you, Jim. Good morning, and welcome to ITW's third quarter 2025 conference call. Today, I'm joined by our President and CEO, Chris O'Herlihy, and Senior Vice President and CFO, Michael Larson. During today's call, we will discuss ITW's third quarter financial results and provide an update on our outlook for full year 2025. Slide two is a reminder that this presentation contains forward-looking statements. We refer you to the company's 2024 Form 10-K and subsequent reports filed with the SEC for more detail about important risks that could cause actual results to differ materially from our expectations. This presentation uses certain non-GAAP measures, and a reconciliation of those measures to the most directly comparable GAAP measures is contained in the press release. Please turn to slide three, and it's now my pleasure to turn the call over to our President and CEO, Chris O'Hare-Lahey. Chris? Thank you, Erin, and good morning, everyone. As detailed in our press release this morning, the ITW team continues to perform at a high level, successfully outpacing underlying end market demand and delivering solid operational and financial execution within a stable yet still challenging demand environment. For the third quarter, revenue increased 3%, excluding a 1% reduction related to ou...