Illinois Tool Works (ITW) official guidance

The projected effective tax rate is 23 to 24 percent.

The effective tax rate remains unchanged at 23%-24%.

The projected effective tax rate is 23 to 24 percent.

Incorporating our first quarter results and the lower effective tax rate projection for the year of 23%-24%, we are raising our GAAP EPS guidance by $0.10 to a new range of $11.10-$11.50, representing 8% growth at the $11.30 midpoint.

The projected effective tax rate is in the range of 23 to 24 percent.

The projected effective tax rate is 23.5 to 24.5 percent.

I'd expect a similar tax rate to this year.

Operating margin is projected to be in the range of 26.5 to 27.5 percent, with enterprise initiatives contributing more than 100 basis points.

On the bottom line, operating margin guidance is unchanged at 26.5%-27.5%, as enterprise initiatives are expected to contribute more than 100 basis points.

Operating margin is projected to be in the range of 26.5 to 27.5 percent, with enterprise initiatives contributing more than 100 basis points.

On the bottom line, we continue to expect operating margin to improve by approximately 100 basis points to a range of 26.5%-27.5% as enterprise initiatives contribute approximately 100 basis points.

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.

This includes 100 basis points contribution from our Enterprise Initiatives, which provides margin expansion that is largely independent of volume.

Operating margin is projected to be in the range of 26.5 to 27.5 percent, an improvement of approximately 100 basis points with enterprise initiatives contributing 100 basis points.

ITW is raising its full year 2026 GAAP EPS guidance by $0.05 at the midpoint to a narrowed range of $11.45 to $11.55 per share, representing 10 percent growth at the midpoint.

We're raising our GAAP EPS guidance by $0.15 to a range of $11.35-$11.55, with a new midpoint of $11.45, representing 9% year-over-year growth.

ITW is raising its full year 2026 GAAP EPS guidance by $0.15 to a narrowed range of $11.35 to $11.55 per share, representing 9 percent growth at the midpoint.

Incorporating our first quarter results and the lower effective tax rate projection for the year of 23%-24%, we are raising our GAAP EPS guidance by $0.10 to a new range of $11.10-$11.50, representing 8% growth at the $11.30 midpoint.

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.

We're projecting a GAAP EPS range of $11-$11.40, representing 7% growth at the $11.20 midpoint.

ITW is initiating 2026 guidance including GAAP EPS in the range of $11.00 to $11.40 per share, which represents seven percent earnings growth at the mid-point.

Free cash flow is projected to be approximately 100 percent of net income, and the company expects to repurchase approximately $1.5 billion of its own shares.

Free cash flow conversion is projected to exceed 100% of net income, with full-year share repurchases of approximately $1.5 billion.

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.

Finally, we expect free cash flow conversion to exceed 100% of net income, and we are on track to repurchase approximately $1.5 billion of our shares in 2026.

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.

Lastly, we expect free cash flow conversion to net income of greater than 100%, and plan to buy back approximately $1.5 billion of our shares in 2026.

Free cash flow is projected to be greater than 100 percent of net income, and the company plans to repurchase approximately $1.5 billion of its own shares.

The big drivers from a margin improvement standpoint will continue to be the enterprise initiatives, the new products coming in at higher margins. So like I said earlier, we would be surprised if we don't have incremental margins in that 40%-45% range as we go into 2027.

Operating margin is projected to be in the range of 26.5 to 27.5 percent, with enterprise initiatives contributing more than 100 basis points.

On the bottom line, operating margin guidance is unchanged at 26.5%-27.5%, as enterprise initiatives are expected to contribute more than 100 basis points.

Operating margin is projected to be in the range of 26.5 to 27.5 percent, with enterprise initiatives contributing more than 100 basis points.

On the bottom line, we continue to expect operating margin to improve by approximately 100 basis points to a range of 26.5%-27.5% as enterprise initiatives contribute approximately 100 basis points.

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.

In terms of overall profitability, we expect operating margin to improve by approximately 100 basis points to a range of 26.5%-27.5%.

Operating margin is projected to be in the range of 26.5 to 27.5 percent, an improvement of approximately 100 basis points with enterprise initiatives contributing 100 basis points.

As we look at 2030 and our 30% goal, that's a goal that's not going to be achieved through structural cost reduction.

Based on current demand levels and prevailing foreign exchange rates, the company is raising revenue growth guidance to 4.5 to 5.5 percent and reaffirming its organic growth guidance of 3 to 4 percent.

Starting with the top line, our organic growth projection is now 3%-4%, up from 1%-3%.

Based on current demand levels and prevailing foreign exchange rates, the company is raising revenue growth guidance to a new range of 4 to 5 percent and raising organic growth guidance to 3 to 4 percent, a 1.5 percentage point increase at the midpoint.

On the top line, we're maintaining our total revenue growth projection of 2%-4% and organic growth projection of 1%-3%.

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.

Per our usual process, our total revenue projection of 2%-4% and organic growth projection of 1%-3% is based on current levels of demand, adjusted for typical seasonality.

The company projects revenue growth of two to four percent and organic growth of one to three percent based on current levels of demand and present foreign exchange rates.

We'd expect some market share gains and the combination of those things leading to, you know, above-market organic growth again in 2026.

What we have done historically, maybe that's the best way to answer your question, is we have seen a historical margin improvement from price cost in that 10 basis points-20 basis points improvement, and that's probably what we'd expect as we roll out the plans for next year.

Based on current demand levels and prevailing foreign exchange rates, the company is raising revenue growth guidance to 4.5 to 5.5 percent and reaffirming its organic growth guidance of 3 to 4 percent.

Based on current demand levels and prevailing foreign exchange rates, the company is raising revenue growth guidance to a new range of 4 to 5 percent and raising organic growth guidance to 3 to 4 percent, a 1.5 percentage point increase at the midpoint.

On the top line, we're maintaining our total revenue growth projection of 2%-4% and organic growth projection of 1%-3%.

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.

Per our usual process, our total revenue projection of 2%-4% and organic growth projection of 1%-3% is based on current levels of demand, adjusted for typical seasonality.