8-KEarnings & ResultsExhibits & Filings

ILLINOIS TOOL WORKS INC 8-K Report, Financial Results (Oct 20, 2009)

Filed October 20, 2009For Securities:ITW

Summary

Illinois Tool Works Inc. (ITW) filed an 8-K on October 19, 2009, reporting its third-quarter financial results, which were formally announced on October 20, 2009. The filing primarily serves to furnish the press release detailing these results and the accompanying conference call presentation. Investors should note that the company is providing its "free operating cash flow" metric, with the rationale for its usefulness to investors detailed in previous filings and a reconciliation provided in the press release. The key takeaway for investors is that ITW is communicating its Q3 2009 performance through an earnings release and conference call. While the 8-K itself does not contain the specific financial figures, it directs investors to these furnished documents for the details of their operational and financial condition for the period, including their definition and calculation of free operating cash flow.

Key Highlights

  • 1ITW announced its third-quarter 2009 operational and financial results on October 20, 2009.
  • 2The 8-K filing from October 19, 2009, serves as a notification and includes furnished exhibits.
  • 3Exhibit 99.1 is the press release detailing the Q3 2009 results.
  • 4Exhibit 99.2 is the presentation from the Q3 2009 conference call.
  • 5The company continues to report 'free operating cash flow' as a key metric.
  • 6Guidance on the usefulness of 'free operating cash flow' is referenced in prior filings (2008 10-K and August 7, 2009, 8-K).
  • 7A reconciliation of free operating cash flow to net cash provided by operating activities is available in the furnished press release.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially report that Illinois Tool Works Inc. announced its third-quarter 2009 financial results and to furnish the related press release and conference call presentation.

The actual financial results are detailed in the press release furnished as Exhibit 99.1 and the presentation from the conference call as Exhibit 99.2, both of which are attached to this 8-K filing.

'Free operating cash flow' is a non-GAAP financial measure that ITW believes provides useful information to investors. The specific reasons and methodology for its presentation are explained in ITW's 2008 Annual Report on Form 10-K and an 8-K filed on August 7, 2009. A reconciliation to net cash provided by operating activities is included in the press release (Exhibit 99.1).

This specific 8-K filing does not provide forward-looking guidance. It serves to report past results. Any guidance or forward-looking statements would be found within the furnished press release (Exhibit 99.1) and conference call presentation (Exhibit 99.2).