ITW reports record Q2 profit, raises full-year EPS guidance by $0.15 to $11.35–$11.55

Filed July 28, 2026 · Period ending July 28, 2026 · ~1 min read

Key Changes

• high

  Q2 2026 GAAP EPS grew 10.1% to $2.84 on revenue of $4.30 billion (+6.1%); operating income of $1.15 billion marked the most profitable quarter in company history, with operating margin expanding 40 bps to 26.7%.

  Exhibit 99.1 view on EDGAR →
• high

  Full-year 2026 GAAP EPS guidance raised $0.15 to $11.35–$11.55 (9% growth at midpoint); organic revenue growth guidance raised 1.5 percentage points to 3–4%, reflecting stronger demand in capex-related segments.

  Exhibit 99.1 view on EDGAR →
• high

  Free cash flow of $631 million increased 41% year-over-year, representing 77% conversion of net income; company returned over $1.2 billion to shareholders via dividends and $750 million in share repurchases during Q2.

  Exhibit 99.1 view on EDGAR →