ITW(ITW) - 2024 Q1 - Quarterly Results

Exhibit 99.1 ITW Reports First Quarter 2024 Results GLENVIEW, IL., April 30, 2024 - Illinois Tool Works Inc. (NYSE: ITW) today reported its first quarter 2024 results and raised guidance for full-year 2024. "While the near-term demand environment across the majority of our segments was challenging as expected, the ITW team delivered a solid start to the year as operating income grew four percent, operating margin expanded 120 basis points to 25.4 percent, and EPS increased five percent to $2.44, excluding a ...