ILLINOIS TOOL WORKS INC — Form 8-K

Illinois Tool Works reported Q3 2026 revenue of $4.24B (+4% YoY, +3.8% organic), record operating income of $1.18B (+5.9%), and GAAP EPS of $3.00 (+6.8%). The company raised full-year 2026 GAAP EPS guidance by $0.05 at midpoint to $11.45–$11.55 (representing +10% YoY growth), narrowed revenue guidance to 4.5–5.5%, and reaffirmed 3–4% organic growth. Operating margin expanded 40 bps to 27.8%, driven by favorable price/cost dynamics and 130 bps from enterprise initiatives. A tornado in July reduced Welding segment revenue by ~$40M, partially offset by business interruption insurance. The company repurchased $187M in shares in Q3, raised its dividend 7% to $6.88 annualized (63rd consecutive increase), and projects ~$1.5B in full-year 2026 share repurchases.