ITW(ITW) - 2024 Q3 - Quarterly Results

Exhibit 99.1 ITW Reports Third Quarter 2024 Results • Revenue of $4.0 billion, a decrease of 2% as organic growth declined 1% • Operating margin of 26.5% as enterprise initiatives contributed 130 basis points • GAAP EPS of $3.91 included a divestiture gain of $1.26; ex-gain EPS of $2.65, an increase of 4% • Raising full year GAAP EPS guidance by $1.33 to a range of $11.63 to $11.73 per share GLENVIEW, IL., October 30, 2024 - Illinois Tool Works Inc. (NYSE: ITW) today reported its third quarter 2024 results. ...