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A $4.02B quarter prompts ITW to lift its 2026 profit target
Illinois Tool Works (ITW) reported strong Q1 2026 results with revenue of $4.02 billion and GAAP EPS of $2.66, representing increases of 4.6% and 12% respectively. This robust performance led the company to raise its full-year 2026 GAAP EPS guidance to $11.10–$11.50 and project revenue growth of 2–4%. ITW also plans to repurchase approximately $1.5 billion in shares for 2026, highlighting a positive outlook.