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Company Research15 Apr 2024
The Industrial Machinery, Supplies, and Components Industry
Explore the industrial machinery industry's growth, driven by technology, sustainability, and digital transformation, impacting global economic development.
Illinois Tool Works (ITW) investor relations material
Illinois Tool Works Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary30 Jul, 2025
Executive summary
Achieved record Q2 financial performance with GAAP EPS of $2.58 (up 2% YoY), revenue of $4.1B (up 1% YoY), and operating margin of 26.3%.
Enterprise initiatives and pricing actions offset tariff impacts and drove margin expansion.
Strategic progress on innovation and portfolio resilience supports long-term growth.
Share repurchases totaled $375M in Q2; $1.5B planned for 2025.
Free cash flow was $449M (59% conversion), below average due to timing, but on track for 100%+ for the year.
Financial highlights
Q2 2025 revenue: $4.1B (up 1% YoY); organic growth flat; Asia Pacific up 9% (China up 15%), North America and Europe declined.
Operating income was $1.1B, up 1% YoY; margin expanded 10 bps to 26.3%.
Free cash flow: $449M in Q2; YTD: $945M (vs. $1.07B prior year).
Net income for Q2: $755M (vs. $759M prior year).
Share repurchases: $375M in Q2; $750M YTD.
Outlook and guidance
Full-year 2025 GAAP EPS guidance raised to $10.35–$10.55, up 2–4% YoY.
Revenue guidance: $16.0–$16.4B (1–3% growth); organic growth 0–2%.
Operating margin expected at 26–27%; free cash flow conversion above 100%.
$1.5B in share repurchases planned for 2025.
Guidance subject to risks from tariffs, FX, and macroeconomic volatility.
How will pricing actions offset tariff costs?
What drives confidence in navigating uncertainty?
Why did Polymers & Fluids' organic revenue decline?
How will ITW achieve its 2030 innovation goals?
Explain China's outperformance vs other regions.
Detail the impact of PLS on organic growth.
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Next Illinois Tool Works earnings date
Q3 202524 Oct, 2025
Next Illinois Tool Works earnings date
Q3 202524 Oct, 2025
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Eferix Drawings Google Play
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Frequently asked questions
Illinois Tool Works, Inc. is a diversified manufacturer of highly engineered industrial and consumer products. The company has seven segments organized in six primary operating groups: automotive OEM, food equipment, polymers & fluids, test and measurement & electronics, welded components and construction products.
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