ITW(ITW) - 2025 Q3 - Earnings Call Presentation

Third Quarter 2025 Earnings Conference Call October 24, 2025 Non-GAAP Measures The Company uses certain non-GAAP measures in discussing the Company's performance. The reconciliation of those measures to the most directly comparable GAAP measures is detailed in ITW's press release for the third quarter of 2025, which is available at www.itw.com, together with this presentation. The estimated guidance of free cash flow to net income conversion rate and after-tax return on average invested capital are based on ...