Illinois Tool Works Inc. · ITW · Next earnings

Illinois Tool Works Inc. reports Tuesday, Feb 2, 2027

ITW reports before market open with consensus EPS at $2.97 and revenue at $4.29B. Last quarter: ITW raises EPS guidance as Q3 demand stays strong

Reports Before market open90 days awayDate estimated Industrials

What the street expects

Consensus for the coming report
Consensus EPS $2.97 Calendar consensus
Consensus revenue $4.29B Calendar consensus
Report date Feb 2, 2027 Tuesday, date estimated
Session Before market open 90 days away

Where ITW left off: FY2026 Q3

Full report

ITW raises EPS guidance as Q3 demand stays strong

EPS surprise +2.4% Reported $3.04 vs $2.97
Revenue surprise -0.5% Reported $4.24B vs $4.26B
Stock move -0.1% Event window
Subsequent drift 0.0% Up to 20 sessions

Full-year GAAP EPS guidance was raised to a midpoint of $11.50, versus $11.45 in the prior quarter's analysis. Management reiterated its 4%+ organic growth target and continued its FY2026 capital-return plans.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Price/cost lag and inflation in raw materials and employee costs.
  • Margin recovery in automotive OEM and construction may take time.
  • Europe was flat and China may slow further.
  • Higher interest rates could pressure construction and consumer-oriented product lines.
  • The welding-facility disruption and insurance recovery remain execution variables.

Questions analysts left open

  • How quickly price/cost headwinds normalize.
  • Whether 31% organic growth in electronics is sustainable.
  • The margin recovery path for automotive OEM and construction.
  • The outlook for Europe and China.
  • The effect of higher interest rates on sensitive segments.

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Recent ITW quarters

All ITW earnings
-0.1%FY2026 Q3+3.6%FY2026 Q2-2.9%FY2026 Q1+5.6%FY2025 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.