8-KEarnings & ResultsExhibits & Filings

ILLINOIS TOOL WORKS INC 8-K Report, Financial Results (Apr 30, 2026)

Filed April 30, 2026For Securities:ITW

Summary

Illinois Tool Works Inc. (ITW) filed an 8-K on April 30, 2026, announcing its first quarter 2026 financial results. The filing primarily furnishes a press release containing these results, but importantly details the Company's use and definitions of key non-GAAP financial measures that are crucial for investor understanding. These include Free Cash Flow and After-tax Return on Invested Capital (After-tax ROIC), both of which ITW believes offer valuable insights into operational performance and capital allocation effectiveness. Investors should pay close attention to how ITW defines and calculates these non-GAAP metrics, as they differ from standard GAAP measures and may vary from those used by other companies. The Company emphasizes that Free Cash Flow is a measure of cash available for dividends, share repurchases, and debt repayment, while After-tax ROIC assesses the efficiency of capital deployment in generating profits. Reconciliations for these non-GAAP figures to their closest GAAP counterparts are provided within the furnished press release, which is essential for a comprehensive financial analysis.

Key Highlights

  • 1ITW announced its first quarter 2026 results of operations via an 8-K filing on April 30, 2026.
  • 2The filing includes a press release containing the company's financial results for the first quarter of 2026.
  • 3The Company detailed its use of non-GAAP financial measures, specifically Free Cash Flow.
  • 4Free Cash Flow is defined as net cash provided by operating activities less additions to plant and equipment.
  • 5ITW also provided details on its non-GAAP measure, After-tax Return on Invested Capital (After-tax ROIC).
  • 6After-tax ROIC is defined as operating income after taxes divided by average invested capital, and is used to measure capital efficiency.
  • 7Reconciliations of these non-GAAP measures to comparable GAAP figures are available in the furnished press release (Exhibit 99.1).

Frequently Asked Questions

The main purpose of this 8-K filing is to announce Illinois Tool Works Inc.'s (ITW) first quarter 2026 results of operations and to provide details on the non-GAAP financial measures the company uses for reporting and analysis.

The key non-GAAP financial measures discussed are Free Cash Flow and After-tax Return on Invested Capital (After-tax ROIC). ITW uses these to provide investors with additional insights into financial performance and capital allocation effectiveness.

ITW defines Free Cash Flow as net cash provided by operating activities less additions to plant and equipment. The company believes this measure is useful for investors to evaluate its ability to generate cash internally for dividends, share repurchases, acquisitions, and debt repayment.

Reconciliations of these non-GAAP financial measures to their comparable GAAP measures, specifically net cash provided by operating activities for Free Cash Flow and net income to average invested capital for After-tax ROIC, are included in the press release furnished as Exhibit 99.1 to this 8-K filing.