Illinois Tool Works raised its annual earnings forecast on October 27 after reporting third-quarter revenue of $4.24 billion, up 4.4% from a year earlier.
Reported earnings increased 6.8% to $3 per share. Operating income rose 5.9% to approximately $1.18 billion, while the operating margin widened to 27.8% from 27.4%.
Organic revenue grew 3.8%, excluding currency and acquisition effects. North American organic growth reached 6%.
The industrial manufacturer said tornado damage to two Welding facilities in late July reduced quarterly revenue by an estimated $40 million. Business-interruption insurance largely offset the associated operating-income loss, according to the company.
Operating cash flow totaled $953 million. The company repurchased $187 million of its shares during the quarter.
Management now forecasts annual reported earnings of $11.45–$11.55 per share, increasing the midpoint by five cents. It also raised its revenue-growth forecast to 4.5%–5.5%, while maintaining its organic-growth range of 3%–4%.
The forecasts depend on future demand and exchange rates and remain distinct from the completed quarter’s results.
Sources: ITW October 27 company release, distributed by GlobeNewswire: https://www.stocktitan.net/news/ITW/itw-reports-third-quarter-2026-3hwa1nfbeo5w.html