10-Q quarterly report · filed May 7, 2026

Illinois Tool Works (ITW) Q1 2026 10-Q Quarterly Report

Short answer

Illinois Tool Works (ITW) filed its Q1 2026 10-Q quarterly report on May 7, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $4.0B (up 4.6% year over year) with net income of $768M.

Q1 2026 key financials · XBRL

Revenue
$4.0B
+4.6% YoY
Net income
$768M
+9.7% YoY
Operating margin
25.4%
EPS (diluted)
$2.66
+11.8% YoY

Source: XBRL data from the Illinois Tool Works (ITW) Q1 2026 10-Q on SEC EDGAR. USD.

Illinois Tool Works Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Tariff uncertainty from temporary 10% global tariff, with potential customer-demand impacts
  • Russia subsidiaries: $38M net assets and $6M quarterly revenue, immaterial to consolidated results
  • Test & Measurement and Electronics acquisition: $120M purchase price, completed October 1, 2025
  • Organic growth target: 4% or more through the cycle as highest Next Phase priority

Risk Factors

  • Risk Factors section not provided; no new or changed risks identifiable from submitted excerpt
  • New credit agreement dated February 20, 2026; terms and related risks not disclosed here
  • Authorized share repurchases remaining $1.6 billion as of March 31, 2026

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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