Illinois Tool Works posts Q3 earnings beat and raises full‑year EPS guidance
Illinois Tool Works reported third‑quarter 2026 GAAP EPS of $3.00, up 7% YoY, on revenue of $4.24 billion, a 4.4% increase but slightly below consensus. The company lifted its full‑year GAAP EPS outlook to $11.45‑$11.55 per share and raised revenue growth guidance to 4.5‑5.5%, while noting a $40 million revenue hit from a tornado at its welding facilities. Management also increased the dividend by 7% and repurchased $187 million of shares.
Why it matters
The higher EPS guidance suggests stronger profitability and may support the stock’s valuation, while the dividend increase and share buyback indicate continued capital returns to shareholders. The tornado‑related revenue loss is offset by insurance, limiting its impact on earnings.
Key facts
- 1GAAP EPS for Q3 2026 was $3.00, up 7% from $2.81 a year earlier. sci-tech-today.com
- 2Quarterly revenue was $4.24 billion, up 4.4% YoY but $40 million below consensus due to tornado damage. sci-tech-today.com
- 3Full‑year GAAP EPS guidance was raised to $11.45‑$11.55 per share. sci-tech-today.com
- 4Full‑year revenue growth outlook was increased to 4.5‑5.5%. rttnews.com
- 5Dividend was increased by 7% to $6.88 per share. sci-tech-today.com
- 6The company repurchased $187 million of shares during the quarter. sci-tech-today.com
Summary written by AlphAI AI Desk from 13 of 13 sources. Not investment advice. Figures are as stated by the linked sources.