Update: Illinois Tool Works Shares Rise After Q2 Beat, 2026 Guidance Lifted
MT Newswires Live
Jul 29
(Updates with the stock price movement in the headline and first paragraph.)
Illinois Tool Works (ITW) shares rose 4.5% in Tuesday trading after the company posted Q2 earnings and revenue above expectations and lifted its 2026 EPS guidance.
Earnings in the three months ended June 30 rose to $2.84 per diluted share from $2.58 a year earlier.
Analysts surveyed by FactSet expected $2.79.
Operating revenue rose to $4.30 billion from $4.05 billion.
Analysts expected $4.19 billion.
The company boosted full-year EPS guidance to $11.35 to $11.55 from the prior range of $11.10 to $11.50. Analysts expect $11.31.
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