ITW

<span> <ul type="disc"> <li style="text-align:left;">Revenue of $4.02 billion, an increase of 5%</li> <li style="text-align:left;">Operating margin of 25.4%, an increase of 60 bps, as Enterprise Initiatives contributed 120 bps</li> <li style="text-align:left;">GAAP EPS of $2.66, an increase of 12%</li> <li style="text-align:left;">Full Year 2026 GAAP EPS guidance raised by $0.10 to a range of $11.10 to $11.50</li> </ul> <p align="justify">GLENVIEW, Ill., April 30, 2026 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) today reported its first quarter 2026 results and raised full year 2026 GAAP EPS guidance.</p> <p align="justify">“ITW delivered a solid start to the year, marked by five percent revenue growth, margin expansion of 60 basis points to 25.4 percent, and a 12 percent increase in GAAP earnings per share to $2.66. Positive demand trends continued in our capex-related segments, led by Welding and Test & Measurement and Electronics, which delivered organic growth of six percent and five percent, respectively, this quarter,” said Christopher A. O’Herlihy, President and Chief Executive Officer.</p> <p align="justify">“As we move forward, ITW’s unique and resilient business model and ‘Do What We Say’ execution ensure that we are primed to deliver robust financial performance in any environment. With a disciplined focus on our organic growth and enterprise initiatives, we expect to continue to outperform our end markets in 2026, while further increasing profitability and margins,” O’Herlihy concluded.</p> <p align="justify"><strong>First Quarter 2026 Results</strong></p> <p align="justify">First quarter revenue of $4.02 billion increased by 4.6 percent. Organic revenue growth was 0.4 percent. Foreign currency translation increased revenue by 3.9 percent and an acquisition added 0.3 percent.</p> <p align="justify">GAAP EPS grew 12 percent to $2.66, while operating income increased seven percent to $1.02 billion. Operating margin expanded by 60 basis points to 25.4 percent, driven by a 120-basis point contribution from enterprise initiatives. Operating cash flow was $623 million, and free cash flow was $528 million, a six percent increase representing a 69 percent conversion of net income, in line with seasonal expectations. During the quarter, the company returned capital to shareholders through the repurchase of $375 million of its own shares. The effective tax rate for the quarter was 20.6 percent.</p> <p align="justify"><strong>2026 Guidance</strong></p> <p align="justify">ITW is raising its full year 2026 GAAP EPS guidance by $0.10 to a range of $11.10 to $11.50 per share, representing eight percent growth at the mid-point. Based on current demand levels and prevailing foreign exchange rates, the company continues to project revenue growth of two to four percent and organic growth of one to three percent.</p> <p align="justify">For the full year, all seven segments are expected to deliver both positive organic growth and operating margin expansion. Operating margin is projected to reach a range of 26.5 to 27.5 percent, a year-over-year improvement of approximately 100 basis points, driven by an approximate 100-basis point contribution from enterprise initiatives.</p> <p align="justify">Free cash flow is projected to exceed 100 percent of net income, and the company expects to repurchase approximately $1.5 billion of its own shares. The projected effective tax rate is in the range of 23 to 24 percent.</p> <p align="justify"><strong>Non-GAAP Measures</strong></p> <p align="justify">This earnings release contains certain non-GAAP financial measures. A reconciliation of these measures to the most directly comparable GAAP measures is included in the attached supplemental reconciliation schedule. The estimated guidance of free cash flow to net income conversion rate is based on assumptions that are difficult to predict, and estimated guidance for the most directly comparable GAAP measur

<span> <p align="justify">GLENVIEW, Ill., Feb. 13, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) declared a dividend on the company's common stock of $1.61 per share for the first quarter of 2026. The dividend equates to $6.44 per share on a full-year basis. The dividend will be paid on April 9, 2026 to shareholders of record as of March 31, 2026.</p> <p align="justify"><strong>About Illinois Tool Works</strong><br />ITW (NYSE: ITW) is a Fortune 300 global multi-industrial manufacturing leader with revenue of $16 billion in 2025. The company’s seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. ITW’s approximately 43,000 dedicated colleagues around the world thrive in the company’s decentralized and entrepreneurial culture. <a href="https://www.globenewswire.com/Tracker?data=9hSvoikrCIpknbOiO1PCYFHi0Eufyg3ELEVIKTC-RmizccrTdbFP_WgGUenovcR0hLeuZuyG6Twt8suHWqs7nw==" rel="nofollow" target="_blank">www.itw.com</a>.</p> <p align="justify"><strong>Investor Relations & Media Contact:</strong><br />Erin Linnihan<br />Tel: 224.661.7431<br /><a href="https://www.globenewswire.com/Tracker?data=2RPRASwYnO2lyJR4j_5UKzHL6fDgL93HJ3JeBUWLPO-cTasoS5eKUt-dAfqAvuZvECTTaFw6OQ8JQmdlMonfEUjJxDF3sF9qGdkMIdBCe4NGqx0HJgoPI9xUHfHIxT15" rel="nofollow" target="_blank">investorrelations@itw.com</a> | <a href="https://www.globenewswire.com/Tracker?data=pKo0NiHnzPluz7JJ8Ez8Iq0NMYiNv8EORjVh8CESB_WZUz6qYSdLSFLyO2OTpvUssyz-m-EjXJV12xnv-7jVyriCsKRnLbOj9kE2FP0ZFYU=" rel="nofollow" target="_blank">mediarelations@itw.com</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTY1NDU5OSM3NDI1NzkzIzIwMDU0MzI=" /> <br /><img alt="" src="https://ml.globenewswire.com/media/Njk1Y2E1YjgtZjZmZC00MTEzLThhNGEtOTE3YTEzY2Y2YjdkLTEwMTcwMDUtMjAyNi0wMi0xMy1lbg==/tiny/Illinois-Tool-Works-Inc-.png" referrerpolicy="no-referrer-when-downgrade" /><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/5947b771-ca1d-4d68-8a54-06116e780a4e"><img src="https://ml.globenewswire.com/media/5947b771-ca1d-4d68-8a54-06116e780a4e/small/illinois-tool-works-logo.jpg" border="0" width="150" height="51" alt="Primary Logo" /></a></p> Source: Illinois Tool Works Inc.</span>

<span> <p align="justify"> <em> <strong>Fourth Quarter 2025 Highlights</strong> </em> </p> <ul><li style="text-align:left;">Revenue of $4.1 billion, an increase of 4.1%</li><li style="text-align:left;">Operating margin of 26.5%, as enterprise initiatives contributed 140 bps</li><li style="text-align:left;">GAAP EPS of $2.72, an increase of 7%</li></ul> <p align="justify"><em><strong>2025 Highlights</strong></em></p> <ul><li style="text-align:justify;">Revenue of $16 billion, an increase of 0.9%</li><li style="text-align:justify;">Customer-Back Innovation contributed 2.4% to revenue growth, an increase of 40 bps</li><li style="text-align:justify;">Operating margin of 26.3%, as enterprise initiatives contributed 130 bps</li><li style="text-align:justify;">GAAP EPS of $10.49 exceeded the prior guidance mid-point of $10.45</li></ul> <p align="justify"><em><strong>2026 Guidance</strong></em></p> <ul><li style="text-align:justify;">Revenue growth of 2 to 4%, organic growth of 1 to 3%</li><li style="text-align:justify;">Operating margin expansion of approximately 100 bps with enterprise initiatives contributing 100 bps</li><li style="text-align:justify;">GAAP EPS of $11.00 to $11.40, an increase of 7% at the mid-point</li></ul> <p align="justify">GLENVIEW, Ill., Feb. 03, 2026 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) today reported its fourth quarter and full year 2025 results.</p> <p align="justify">“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.</p> <p align="justify">“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 our strategy with excellence,” O’Herlihy concluded.</p> <p align="justify"><strong>Fourth Quarter 2025 Results</strong></p> <p align="justify">Fourth quarter revenue of $4.1 billion increased by 4.1 percent and organic revenue growth was 1.3 percent. Foreign currency translation increased revenue by 2.5 percent and acquisitions added 0.3 percent.</p> <p align="justify">GAAP EPS of $2.72 increased seven percent. Operating margin of 26.5 percent increased 30 basis points as enterprise initiatives contributed 140 basis points. Segment operating margin increased 120 basis points to 27.7 percent. Operating cash flow was $1 billion, and free cash flow was $0.9 billion with a conversion of 109 percent to net income. During the quarter, the company repurchased $375 million of its own shares and the effective tax rate was 22.8 percent.</p> <p align="justify"><strong>Full Year 2025 Results</strong></p> <p align="justify">Full year revenue of $16 billion increased 0.9 percent as organic revenue was flat. Foreign currency translation increased revenue by 0.8 percent and acquisitions contributed 0.1 percent to revenues.</p> <p align="justify">GAAP EPS of $10.49 exceeded the prior guidance mid-point of $10.45. Operating income was $4.2 billion and operating margin was 26.3 percent with enterprise initiatives contributing 130 basis points. Segment operating margin of 27.2 percent increased 70 basis points. Pricing and supply chain actions successfully o

<span> <p align="justify">GLENVIEW, Ill., Jan. 13, 2026 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) will issue its fourth quarter and full year 2025 results on Tuesday, February 3, 2026, at 7:00 a.m. CST. Following the release, ITW will hold its fourth quarter and full year 2025 earnings webcast at 9:00 a.m. CST.</p> <p align="justify">To access the webcast for the event, please click on the following link:<br /><a href="https://www.globenewswire.com/Tracker?data=UHCgIzGp0gEQYcGC0AKyHv_7jvkAqumv2tfefTCk3NuItF7qSrqb_Qqsh7TseNI1cOBcgWmsDTdOAI1BvF95CgHImHfA01RMJ2pApOt4xTZYbNh0wsyi3PJmXYSan-rMV5iPQxqmxgCrUWk4F2GSfQ==" rel="nofollow" target="_blank">ITW Q4 2025 Earnings Webcast</a></p> <p align="justify">If you are a participant on the conference call, please dial 1-888-660-6652 (domestic) or 1-646-960-0554 (international) 10 minutes prior to the 9:00 a.m. CST start time. The passcode is “ITW.”</p> <p align="justify">Following the webcast, presentation materials and an audio webcast replay will be available at <a href="https://www.globenewswire.com/Tracker?data=xGuNXR-XJwpkap74oLsiVYxgnB7BDv8BpyRCNpBNYWdu6hA3ymm60fMz0jUU8Rl1oEN9vw_v3bLl6oiEZrybDtu_HuNfJZ8RGZ165S-Fm5o=" rel="nofollow" target="_blank">http://investor.itw.com</a>. An audio-only replay will be available from February 3 through February 10 by dialing 1-800-770-2030 (domestic) or 1-609-800-9909 (international). The passcode is 2756156.</p> <p align="justify"><strong>About Illinois Tool Works</strong></p> <p align="justify">ITW (NYSE: ITW) is a Fortune 300 global multi-industrial manufacturing leader with revenue of $15.9 billion in 2024. The company’s seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. ITW’s approximately 44,000 dedicated colleagues around the world thrive in the company’s decentralized and entrepreneurial culture. <a href="https://www.globenewswire.com/Tracker?data=dEOYv7-SWJa4midTjvr_8lJ4dKf-WI5QyeFd4Tx0x04xld2CSVRmhShqYJMtwq16XyuUDqHOe9D6chGH8qKFIw==" rel="nofollow" target="_blank">www.itw.com</a></p> <p align="justify"><strong>Investor Relations & Communications</strong> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br />Erin Linnihan&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </strong><br />Tel: 224.661.7431<br /><a href="https://www.globenewswire.com/Tracker?data=BOGTv0UZpDuo28l5phB_V9OXVy3XGxLRGWrBrOyE8iBi9l92ID9zp5XbIJvansNKc0h6UaGniAsYnQ-nUIOW5JpI9IFHfoB1LDacHb134w1hGSqSFl0b333K6Y0elCNe" rel="nofollow" target="_blank">investorrelations@itw.com</a> | <a href="https://www.globenewswire.com/Tracker?data=-T2HXIDieztKxSBZg07mLwDVPwqP1_X0oAGTux-ffz9e2UvDiT3bLtYFhgCNp32UQ638R3hC9qNdNK-G6vD0bm19Uu9Itr1bgzNKlqXIQKA=" rel="nofollow" target="_blank">mediarelations@itw.com</a>&nbsp;</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTYyNTI1NiM3MzYwMDgwIzIwMDU0MzI=" /> <br /><img alt="" src="https://ml.globenewswire.com/media/OTE5MWZjNTktYTAyNS00MzBmLThlY2YtNjEyMDUwM2NhNWQyLTEwMTcwMDUtMjAyNi0wMS0xMy1lbg==/tiny/Illinois-Tool-Works-Inc-.png" referrerpolicy="no-referrer-when-downgrade" /><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/5947b771-ca1d-4d68-8a54-06116e780a4e"><img src="https://ml.globenewswire.com/medi

<span> <p align="justify">GLENVIEW, Ill., Oct. 29, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) declared a dividend on the company's common stock of $1.61 per share for the fourth quarter of 2025. The dividend equates to $6.44 per share on a full-year basis. The dividend will be paid on January 9, 2026 to shareholders of record as of December 31, 2025.</p> <p align="justify"><strong>About Illinois Tool Works</strong><br />ITW (NYSE: ITW) is a Fortune 300 global multi-industry manufacturing leader with revenue of $15.9 billion in 2024. The company’s seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. ITW’s approximately 44,000 dedicated colleagues around the world thrive in the company’s decentralized and entrepreneurial culture. <a href="https://www.globenewswire.com/Tracker?data=ll42pB-QwWs1oHAqPJA_WEBlv8b_Nq6362KqQUIjERtBR3Qxae_4gF6dGJtfKbkUwxX_gtuWLHLbBAiMXf5baw==" rel="nofollow" target="_blank">www.itw.com</a></p> <p align="justify"><strong>Investor Relations & Media Contact:</strong><br />Erin Linnihan<br />Tel: 224.661.7431<br /><a href="https://www.globenewswire.com/Tracker?data=-_RVLFcVyYLuuRFLGPmdIOY41h27jaU7PK0zrXl9HrT-tlgWb4mysEIGCo1AuIm-H6V0iBTQgD1jTNdmnA8ffPQ2E878oQaUolmzKUUG_ecAdMQHxwHV3LGsVuWcFrSt" rel="nofollow" target="_blank">investorrelations@itw.com</a> | <a href="https://www.globenewswire.com/Tracker?data=K_6pkCMp5c8G2f4NAr_rxIM7vQmZmkDhLYwQf0UyHkNwILlAz7Pz1a6cZ275lgeNrhnebUEnGjurIInGZOadLAaP_r_RxuC1gAqiJgu_slw=" rel="nofollow" target="_blank">mediarelations@itw.com</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTU2NDQ4NCM3MjMxODg4IzIwMDU0MzI=" /> <br /><img alt="" src="https://ml.globenewswire.com/media/MWI2MDY5ODktNDZmYS00YmFkLWIzM2MtNjBkYzliMzk2OThmLTEwMTcwMDUtMjAyNS0xMC0yOS1lbg==/tiny/Illinois-Tool-Works-Inc-.png" referrerpolicy="no-referrer-when-downgrade" /><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/5947b771-ca1d-4d68-8a54-06116e780a4e"><img src="https://ml.globenewswire.com/media/5947b771-ca1d-4d68-8a54-06116e780a4e/small/illinois-tool-works-logo.jpg" border="0" width="150" height="51" alt="Primary Logo" /></a></p> Source: Illinois Tool Works Inc.</span>

<span> <ul> <li>Revenue of $4.1 billion, an increase of 2% with organic growth of 1%</li> <li style="text-align:left;">Record operating margin of 27.4%, an expansion of 90 bps as enterprise initiatives contributed 140 bps</li> <li style="text-align:left;">GAAP EPS of $2.81, an increase of 6% excluding prior year divestiture gain</li> <li style="text-align:left;">Operating cash flow of $1 billion; free cash flow of $0.9 billion, an increase of 15%</li> <li style="text-align:left;">Narrowing full year GAAP EPS guidance range to $10.40 to $10.50 per share<br /></li> </ul> <p align="justify">GLENVIEW, Ill., Oct. 24, 2025 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) today reported its third quarter 2025 results.</p> <p align="justify">"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.</p> <p align="justify">"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."</p> <p align="justify"><strong>Third Quarter 2025 Results</strong><br />Third quarter revenue of $4.1 billion increased by two percent as organic revenue grew one percent. Foreign currency translation impact increased revenue by two percent and product line simplification reduced revenue by one percent.</p> <p align="justify">GAAP EPS of $2.81 increased six percent excluding a divestiture gain of $1.26 in the prior year quarter. Operating income of $1.1 billion increased six percent. Operating margin improved 90 basis points to 27.4 percent as enterprise initiatives contributed 140 basis points, and six of seven segments expanded margins. Operating cash flow was $1.0 billion, and free cash flow increased 15 percent to $904 million with a conversion rate of 110 percent to net income. During the quarter, the company repurchased $375 million of its own shares and raised its dividend seven percent, bringing the annualized payout to $6.44 per share. This increase marks the 62^nd consecutive year of dividend increases. The effective tax rate for the quarter was 21.8 percent.</p> <p align="left"><strong>2025 Guidance</strong></p> <p align="justify">ITW is narrowing its full year 2025 GAAP EPS guidance range to $10.40 to $10.50. The company is projecting overall revenue growth of one to three percent, which incorporates organic growth of flat to two percent. This outlook accounts for the current demand environment, adjusted for ongoing pricing and supply chain actions intended to effectively offset tariff cost impacts and for current foreign exchange rates. Operating margin is projected to be in the range of 26 to 27 percent with a projected contribution of 125 basis points or more from enterprise initiatives. Free cash flow is expected to be approximately 100 percent of net income, and the company plans to repurchase approximately $1.5 billion of its own shares. The projected effective tax rate is approximately 23 percent.</p> <p align="justify"><strong>Non-GAAP Measures </strong><br />This earnings release contains certain non-GAAP financial measures. A reconciliation of these measures to the most directly comparable GAAP measures is included in the attached supplemental reconci