Q3 2025 Financial Highlights - Revenue increased to $4.1 billion, a 2% increase compared to Q3 2024[6] - Organic revenue grew by 1%[6] - Operating income increased by 6% to $1.11 billion[6] - Operating margin improved by 90 bps to 27.4%[6] - GAAP EPS increased by 6% to $2.81[6] - Free cash flow conversion rate was 110%[10] Segment Performance - Automotive OEM revenue increased by 7% to $830 million, with a 240 bps increase in operating margin to 21.8%[14] - Food Equipment revenue increased by 3% to $694 million, with a 80 bps increase in operating margin to 29.2%[17] - Welding revenue increased by 3% to $477 million, with a 30 bps increase in operating margin to 32.6%[23] 2025 Financial Guidance - The company expects GAAP EPS to be in the range of $11.71[32] - The company expects organic revenue to grow by 1-3%[32] - The company expects free cash flow conversion to be approximately 100%[32] - Share repurchases of ~$1.5 billion[36]
ITW(ITW) - 2025 Q3 - Earnings Call Presentation