Illinois Tool Works — Feb 3, 2026 release
Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000049826-26-000003
Showing in the filing
GAAP EPS increase at mid-point
“7%”
Period
FY2026
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 12
GAAP EPS for FY2026
“$11.00 to $11.40”
GAAP EPS increase at mid-point for FY2026
“7%”
GAAP EPS growth at mid-point for FY2026
“seven percent”
Revenue growth for FY2026
“two to four percent”
Organic growth for FY2026
“one to three percent”
Operating margin for FY2026
“26.5 to 27.5 percent”
Operating margin improvement for FY2026
“approximately 100 basis points”
Enterprise initiatives contribution to opera… for FY2026
“100 basis points”
Free cash flow to net income conversion rate for FY2026
“greater than 100 percent of net income”
Free cash flow for FY2026
“greater than 100 percent of net income”
Share repurchases for FY2026
“approximately $1.5 billion”
Effective tax rate for FY2026
“23.5 to 24.5 percent”
Exhibit 99.1 · the passage around this item
… earlier in the release
2026 Guidance • Revenue growth of 2 to 4%, organic growth of 1 to 3% • Operating margin expansion of approximately 100 bps with enterprise initiatives contributing 100 bps • GAAP EPS of $11.00 to $11.40, an increase of 7% at the mid-point GLENVIEW, IL., February 3, 2026 - Illinois Tool Works Inc. (NYSE: ITW) today reported its fourth quarter and full year 2025 results. “ITW delivered a solid finish to the year, marked by more than four percent revenue growth and a seven percent increase in GAAP earnings per share. As a result of our disciplined execution across all seven segments, we expanded both operating margin and income to record levels in the quarter,” said Christopher O’Herlihy, President and Chief Executive Officer. “Our results over the past year demonstrate that ITW is well-positioned to deliver solid financial performance in any environment as we consistently exceeded market growth while improving profitability and margins. Notably, our Customer-Back Innovation initiatives were a primary catalyst, contributing 2.4 percent to revenue growth in 2025. Building on this momentum, we expect to continue outperforming our end markets in 2026 as we leverage ITW’s unique business model to drive consistent, above-market organic growth with best-in-class margins and returns. I extend my sincere gratitude to our global colleagues for their unwavering dedication to serving our customers and executing
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.