ITW Q1 revenue slightly beats estimates

Illinois Tool Works

30/04/2026 13:09

Overview

US multi-industrial manufacturer's Q1 revenue rose, slightly beating analyst expectations

Q1 EPS grew 12% to $2.66, beating analyst expectations

Company raised full-year 2026 GAAP EPS guidance by $0.10

Outlook

ITW raises 2026 GAAP EPS guidance to $11.10-$11.50, up $0.10 from prior range

Company projects 2026 revenue growth of 2%-4% and organic growth of 1%-3%

Operating margin for 2026 expected at 26.5%-27.5%, up about 100 bps year-over-year

Result Drivers

CAPEX-RELATED SEGMENTS - Company said positive demand trends in Welding and Test & Measurement and Electronics drove organic growth

ENTERPRISE INITIATIVES - Margin expansion was driven by a 120-basis point contribution from enterprise initiatives

FOREIGN CURRENCY TRANSLATION - Revenue growth benefited from a 3.9 percent increase due to foreign currency translation

Company press release: ID:nGNX7TXjqL

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$4.02 bln
$4.008 bln (13 Analysts)
Q1 EPS
Beat
$2.66
$2.56 (15 Analysts)
Q1 Net Income
$768 mln
Q1 Organic Growth
0.40%


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 11 "hold" and 6 "sell" or "strong sell"

The average consensus recommendation for the consumer goods conglomerates peer group is "buy."

Wall Street's median 12-month price target for Illinois Tool Works Inc is $280.00, about 5.4% above its April 29 closing price of $265.67

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 22 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)