财务数据和关键指标变化 - 第三季度收入增长0.5%,其中有机增长为0%,外汇影响为正1.5%,剥离业务影响为负1.2% [18] - 第三季度营业利润率为26.5%,同比提升200个基点,其中企业举措贡献140个基点,价格成本影响正210个基点 [19][43][44] - 第三季度GAAP每股收益为2.55美元,同比增长9%,其中包括0.07美元的企业项目利好 [20] - 第三季度自由现金流增长40%至8.56亿美元,净收入转换率为111% [21] 各条业务线数据和关键指标变化 汽车OEM - 有机增长4%,其中北美下降5%,欧洲增长5%,中国增长18% [24] - 第四季度受到汽车罢工的影响,预计将减少0.12美元每股收益 [25] 食品设备 - 有机增长6%,其中设备增长5%,服务增长9%,北美增长10%,欧洲持平,亚太增长6% [26] 测试测量和电子 - 有机收入下降4%,受半导体需求下降6个百分点的拖累,测试测量增长2%,电子下降13% [27] 焊接 - 有机收入下降2%,设备收入下降3%,耗材收入下降1%,北美下降3%,国际基本持平 [28] 聚合物和流体 - 有机收入增长3%,其中汽车后市场增长10%,聚合物下降1%,流体下降4% [29] 建筑 - 有机收入下降2%,北美增长2%,其中住宅增长2%,商业下降2%,国际市场疲软 [30] 特殊产品 - 有机收入下降6%,北美下降9%,国际增长1%,耗材下降9%,设备收入增长9% [32] 公司战略和发展方向及行业竞争 - 公司将继续加强业务模式基础,并将有机增长和客户驱动创新作为与卓越运营和财务表现同等重要的核心竞争力 [13] - 公司在各细分市场持续保持市占率领先,凭借独特的业务模式和客户价值提供能力,相比竞争对手的利润率通常高出2-3倍 [101][102][103] - 公司将继续专注于读懂并应对当前不确定的市场环境,发挥独特优势,保持长期出色业绩 [124][125] 管理层对经营环境和未来前景的评论 - 当前需求环境存在一些不确定性,包括库存正常化、利率上升、资本支出谨慎以及汽车罢工等 [35] - 公司将继续专注于读懂并应对当前不确定的市场环境,发挥独特优势,保持长期出色业绩 [124][125] 问答环节重要的提问和回答 价格成本影响 **Scott Davis 提问** 价格成本正面影响210个基点,好于预期,是因为价格上涨还是成本下降? [43] **Michael Larsen 回答** 主要是原材料成本,特别是金属价格下降,带动了更好的价格成本表现 [44][45] 未来价格成本展望 **Steven Fisher 提问** 未来2024年公司的价格成本情况如何?是否会比较紧张? [86][87] **Michael Larsen 回答** 公司还未完全恢复之前的利润率水平,明年前半年可能还会有一些成本压力延续,但具体情况需要到年底才能确定 [87][88] 市场份额 **Julian Mitchell 提问** 公司是否存在市场份额下滑的情况? [101][102][103] **Michael Larsen 和 Christopher O'Herlihy 回答** 公司在各细分市场都在持续获得市场份额,凭借独特的业务模式和客户价值提供能力,相比竞争对手的利润率通常高出2-3倍 [101][102][103][104]

Third Quarter 2023 October 24, 2023 Earnings Conference Call Forward-Looking Statements Safe Harbor Statement This presentation and related conference call contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements regarding global supply chain challenges, expected impact of inflation including raw material inflation and rising interest rates, the impact of enterprise initiatives, future financial ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File Number: 1-4797 ILLINOIS TOOL WORKS INC. (Exact name of registrant as specified in its charter) Delaware 36-1 ...

Second Quarter 2023 Earnings Conference Call August 1, 2023 Forward-Looking Statements Safe Harbor Statement This presentation and related conference call contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements regarding global supply chain challenges, expected impact of inflation including raw material inflation and rising interest rates, the impact of enterprise initiatives, future financial ...

Illinois Tool Works Inc. (NYSE:ITW) Q2 2023 Earnings Conference Call August 1, 2023 10:00 AM ET Company Participants Karen Fletcher – Vice President-Investor Relations Scott Santi – Chairman and Chief Executive Officer Michael Larsen – Senior Vice President and Chief Financial Officer Conference Call Participants Jeffrey Sprague – Vertical Research Jamie Cook – Credit Suisse Joe O’Dea – Wells Fargo Tami Zakaria – JPMorgan Andy Kaplowitz – Citigroup Joe Ritchie – Goldman Sachs Julian Mitchell – Barclays Oper ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File Number: 1-4797 ILLINOIS TOOL WORKS INC. (Exact name of registrant as specified in its charter) Delaware 36- ...

Illinois Tool Works Inc. (NYSE:ITW) Q1 2023 Earnings Conference Call May 2, 2023 10:00 AM ET Company Participants Karen Fletcher - VP of IR Scott Santi - Chairman and CEO Michael Larsen - SVP and CFO Conference Call Participants Andrew Kaplowitz - Citigroup Tami Zakaria - JPMorgan Jeff Sprague - Vertical Research Partners Scott Davis - Melius Joe Ritchie - Goldman Sachs Steve Volkmann - Jefferies Chigusa Katoku - Credit Suisse Sabrina Abrams - Bank of America Joe O'Dea - Wells Fargo Nigel Coe - Wolfe Resea ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-4797 ILLINOIS TOOL WORKS INC. (Exact Name of Registrant as Specified in its Charter) Delaware 36-1258310 (State or Other Jurisdiction of Incorpora ...

Illinois Tool Works Inc. (NYSE:ITW) Q4 2022 Results Conference Call February 2, 2023 10:00 AM ET Company Participants Karen Fletcher - Vice President, Investor Relations Scott Santi - Chairman and Chief Executive Officer Michael Larsen - Senior Vice President and Chief Financial Officer Conference Call Participants Jamie Cook - Credit Suisse Scott Davis - Melius Research Tami Zakaria - JPMorgan Andy Kaplowitz - Citigroup Jeff Sprague - Vertical Research Stephen Volkmann - Jefferies Dan Donner - BMO Capital ...