
• Reported GAAP EPS of $2.66 up 11.30% YoY • Reported revenue of $4.02B up 4.61% YoY • Illinois Tool Works raised its full year 2026 GAAP EPS guidance to $11.10-$11.50 per share, projecting revenue growth of 2-4% and organic growth of 1-3%. Operating margin is expected to reach 26.5-27.5%.
Bullish
Illinois Tool Works delivered strong Q1 2026 results with 5% revenue growth, 60 bps margin expansion, and 12% GAAP EPS increase, driven by positive demand in key capex-related segments.
Bearish
Illinois Tool Works experienced low overall organic revenue growth of 0.4% and unfavorable operating margin changes in some segments, coupled with risks related to free cash flow guidance assumptions.