8-KOther Events

ILLINOIS TOOL WORKS INC 8-K Report (Jul 22, 2003)

Filed July 22, 2003For Securities:ITW

Summary

Illinois Tool Works Inc. (ITW) filed an 8-K on July 22, 2003, primarily to furnish investors with their second-quarter 2003 results. The filing includes a press release and a presentation from the associated conference call, both dated July 22, 2003. These documents provide details on the company's operational and financial performance for the quarter ending June 29, 2003. Of particular interest to investors is the disclosure of "free operating cash flow," a non-GAAP metric. The company highlights its belief that this metric offers valuable insights to investors, with a reconciliation to net cash provided by operating activities included in the press release. Investors should review these furnished exhibits to understand ITW's recent financial health and operational cash generation.

Key Highlights

  • 1ITW filed an 8-K on July 22, 2003, to report second-quarter 2003 financial results.
  • 2The filing includes a press release (Exhibit 99.1) and a conference call presentation (Exhibit 99.2) from July 22, 2003.
  • 3These exhibits provide information on the company's operational and financial performance for the quarter ending June 29, 2003.
  • 4The company emphasizes the presentation of 'free operating cash flow' as a key metric for investors.
  • 5A reconciliation of 'free operating cash flow' to net cash provided by operating activities is available in the press release.
  • 6The filing is furnished under Regulation FD disclosure rules.

Frequently Asked Questions

The main purpose of this 8-K filing is to publicly disclose Illinois Tool Works Inc.'s (ITW) second-quarter 2003 financial results and provide accompanying materials, including a press release and a conference call presentation.

The filing highlights the company's second-quarter results and specifically emphasizes the presentation of 'free operating cash flow.' The company believes this non-GAAP metric provides useful information to investors and includes a reconciliation to net cash provided by operating activities.

The detailed financial information and operational performance for the second quarter of 2003 can be found in the press release (Exhibit 99.1) and the presentation from the conference call (Exhibit 99.2) that are furnished as part of this 8-K filing.

No, 'free operating cash flow' is presented as a non-GAAP metric. The company refers to its 2002 Form 10-K for a detailed explanation of why management believes this metric provides useful information to investors, and a reconciliation to net cash provided by operating activities is included in the furnished press release.