Illinois Tool Works — Oct 24, 2025 release

0 bps • GAAP EPS of $2.81, an increase of 6% excluding prior year divestiture gain • Operating cash flow of $1 billion; free cash flow of $0.9 billion, an increase of 15% • Narrowing full year GAAP EPS guidance range to $10.40 to $10.50 per share GLENVIEW, IL., October 24, 2025 - Illinois Tool Works Inc. (NYSE: ITW) today reported its third quarter 2025 results. "The ITW team concluded the third quarter with solid operational and financial execution, delivering EPS of $2.81, which grew six percent year-over-year excluding the divestiture gain, alongside record operating margin of 27.4 percent, and a 15 percent increase in free cash flow. This outcome underscores the fundamental strength of the ITW Business Model, the inherent resilience of our diversified portfolio, and the high-quality execution demonstrated by our colleagues worldwide," said Christopher A. O’Herlihy, President and Chief Executive Officer. "We are very pleased with the significant strategic progress made throughout the year, especially how our focus on excellence in Customer-Back Innovation is enabling consistent above-market organic growth. As we head into the final quarter, we are narrowing our full year EPS guidance range, and remain committed to delivering high-quality, differentiated performance in any economic environment." Third Quarter 2025 Results Third quarter revenue of $4.1 billion increased by two percent as organic revenue grew one