Illinois Tool Works reports Q1 2026 earnings, excludes $34M discrete tax benefit

Filed April 30, 2026 · Period ending April 30, 2026 · ~1 min read

Key Changes

• high

  ITW announced first quarter 2026 financial results on April 30, 2026. Full details are in the attached press release, which is not included in the 8-K filing text.

  Item 2.02 verify on EDGAR →
• medium

  Company recorded a one-time $34 million tax benefit in Q1 2026, which it excluded from non-GAAP performance metrics to show underlying operational results more clearly.

  Item 2.02: Tax adjustment verify on EDGAR →
• low

  ITW defines free cash flow as operating cash flow minus capital expenditures, representing cash available for dividends, buybacks, acquisitions, and debt repayment.

  Item 2.02: Non-GAAP metrics verify on EDGAR →