Illinois Tool Works

Q3 FY2026 EarningsQ3 FY26 results were mixed, missing revenue consensus while beating on EPS. Revenue of $4,236M missed the $4,254M estimate by 0.43%, primarily due to organic declines in Automotive OEM and Construction Products. However, GAAP EPS of $3.00 beat the $2.97 mean expectation, supported by operating margin expansion to 27.8% and aggressive share repurchases. Free Cash Flow of $851M significantly missed the $971M floor expectation, reflecting higher working capital requirements.