Illinois Tool Works posts 5% revenue growth and raises 2026 earnings forecast

Illinois Tool Works reported a 5% increase in first-quarter revenue to $4.02 billion and a 12% rise in GAAP earnings per share to $2.66, driven by strong demand in key segments like Welding and Electronics. Operating margin improved by 60 basis points to 25.4%, supported by enterprise initiatives. The company raised its full-year 2026 GAAP EPS guidance to $11.10-$11.50, expecting continued revenue growth and margin expansion across all segments. ITW also plans significant share repurchases and projects free cash flow exceeding net income for the year.