Illinois Tool Works Posts $855M Third-Quarter Net Income
ITW sits 16% above its 52-week low of $238.82.
Summary
ITW reported third-quarter net income of $855 million, with EPS of $3.00 on revenue of $4.24 billion and operating cash flow of $953 million. The EPS came in just above the IBES estimate of USD 2.98, and organic sales rose 5% excluding the impact of a tornado affecting the welding segment. The company raised its 2026 EPS view to $11.45-$11.55 and lifted its 2026 revenue growth view to 4.5%-5.5%, while still seeing 2026 organic revenue growth of 3%-4% and a 2026 operating margin of 26.5%-27.5%. Context matters here: the company posted record Q2 results and raised full-year guidance in August, alongside a 7% dividend hike to $6.88 a share and a new $6 billion buyback, so the bar for Q3 was already high.
At the time of this announcement, ITW was trading at $276.22 on NYSE in the Manufacturing sector, with a market capitalization of approximately $78.7B. The 52-week trading range was $238.82 to $303.16. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.