Summary
Illinois Tool Works Inc. (ITW) filed an 8-K on January 27, 2010, to report its fourth quarter and full-year 2009 results. The filing primarily serves to furnish the company's earnings press release and presentation from its conference call, both dated January 27, 2010. Investors should refer to these furnished exhibits for detailed financial performance, operational highlights, and management's outlook for the period. The company also provided context on its use of "free operating cash flow" as a key performance metric, referencing prior filings for a full reconciliation and explanation.
Key Highlights
- 1ITW announced its Q4 2009 results via an 8-K filing on January 27, 2010.
- 2The filing includes a press release (Exhibit 99.1) detailing the company's financial performance for the fourth quarter of 2009.
- 3A presentation from the Q4 2009 conference call (Exhibit 99.2) is also furnished, providing additional insights and context.
- 4The company reaffirms the importance of 'free operating cash flow' as a key metric for investors.
- 5Investors are directed to the furnished exhibits for detailed financial data and operational commentary.
- 6The filing does not contain new financial statements but incorporates by reference previously released information.
Frequently Asked Questions
The main purpose of this 8-K filing is to formally report Illinois Tool Works Inc.'s (ITW) fourth quarter and full-year 2009 financial results. It primarily serves to furnish the company's earnings press release and the presentation slides from its related conference call, both dated January 27, 2010.
Detailed financial results and operational commentary for ITW's fourth quarter of 2009 are available in the furnished exhibits to this 8-K filing. Specifically, Exhibit 99.1 is the press release, and Exhibit 99.2 is the presentation from the fourth quarter conference call.
The filing mentions that 'free operating cash flow' is a metric ITW believes provides useful information to investors. For a detailed explanation of how ITW defines and calculates this metric, and why it is important to the company, investors should refer to ITW's 2008 Annual Report on Form 10-K and the Current Report on Form 8-K filed on August 7, 2009. A reconciliation of free operating cash flow to net cash provided by operating activities is included in the press release (Exhibit 99.1).
This particular 8-K filing primarily functions as a notification and furnishing of previously released information. It does not contain new, independently prepared financial statements within the filing itself. Instead, it directs investors to the press release (Exhibit 99.1) and conference call presentation (Exhibit 99.2) for the actual financial results and related discussions.