The modest EPS beat and guidance raise support the stock's current valuation. Watch for organic growth acceleration in H2 2026 — current 0.4% organic growth is tepid despite the positive margin story. The $1.5B buyback program provides a floor.
Price Chart
Executive Summary
ITW reported Q1 2026 GAAP EPS of $2.66, beating the $2.56 consensus by 3.9%, on revenue of $4.02B (vs $4.01B est, +0.2% beat). Revenue grew 4.6% YoY (organic +0.4%), operating margin expanded 60bps to 25.4%, and the company raised full-year 2026 GAAP EPS guidance by $0.10 to $11.10-$11.50. The beat is modest but the guidance raise and margin expansion are positive signals for a mature industrial.
Key Financial Metrics
Key Facts
- Q1 2026 GAAP EPS $2.66 vs consensus $2.56 (beat by 3.9%)
- Q1 2026 revenue $4.02B vs consensus $4.01B (beat by 0.2%)
- Revenue grew 4.6% YoY; organic growth was 0.4%
- Operating margin expanded 60bps to 25.4%
- Full-year 2026 GAAP EPS guidance raised by $0.10 to $11.10-$11.50 (midpoint $11.30, +8% YoY)
- Operating cash flow $623M; free cash flow $528M (69% conversion of net income)
- Repurchased $375M of shares in Q1; expects ~$1.5B in buybacks for full year
- All seven segments expected to deliver positive organic growth and margin expansion in 2026
Financial Impact
EPS beat of $0.10 (3.9%) on $4.02B revenue; guidance raise of $0.10 to $11.10-$11.50 midpoint
Risk Factors
- Organic growth of only 0.4% suggests end-market demand is soft despite positive commentary
- Foreign currency translation contributed 3.9% of 4.6% revenue growth — underlying demand is weaker than headline
- Tariff and inflation risks could pressure margins in H2 2026
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3284797 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 21, 2026 6w ago | Insider Cluster | $282.29 $267.52 | ▼ −5.23% | ▼ −4.71% | $262.92 (−6.86%) |
Aug 11, 2026 7w ago | 424B5 | $293.15 $263.99 | ▼ −9.95% | ▼ −8.89% | $262.92 (−10.31%) |
Aug 7, 2026 8w ago | Press Release | $296.36 $270.12 | ▼ −8.85% | ▼ −8.46% | $262.92 (−11.28%) |
Jul 28, 2026 9w ago | Press Release | $295.16 $281.65 | ▼ −4.58% | ▼ −7.96% | $262.92 (−10.92%) |
Jul 9, 2026 12w ago | S-3ASR | $265.48 $294.70 | ▲ +11.01% | ▲ +8.76% | $262.92 (−0.96%) |
Jul 8, 2026 12w ago | Press Release | $265.48 $294.70 | ▲ +11.01% | ▲ +8.76% | $262.92 (−0.96%) |
May 8, 2026 21w ago | Press Release | $254.34 $252.72 | ▼ −0.64% | ▼ −0.66% | $262.92 (+3.37%) |
Apr 30, 2026 22w ago | 8-K | $257.89 $247.04 | ▼ −4.21% | ▼ −9.43% | $262.92 (+1.95%) |
Apr 30, 2026 22w ago | Press Release | $257.89 $247.04 | ▼ −4.21% | ▼ −9.43% | $262.92 (+1.95%) |
Apr 10, 2026 25w ago | Press Release | $270.34 $255.53 | ▼ −5.48% | ▼ −14.01% | $262.92 (−2.75%) |
US Market Status
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