{
  "url": "https://struct.news/briefs/itw-sold-61-more-but-its-margin-barely-moved",
  "title": "ITW sold 6.1% more, but its margin barely moved",
  "summary": "Diluted shares fell 2.0%, helping Illinois Tool Works lift EPS 10.1% as operating margin edged up just 0.3 points.",
  "published_at": "2026-08-06T19:43:05.447360+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Illinois Tool Works Inc.",
    "ticker": "ITW",
    "cik": "49826",
    "sector": "Industrials",
    "industry": "Specialty Industrial Machinery"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-06",
    "accession": "0000049826-26-000049",
    "url": "https://www.sec.gov/Archives/edgar/data/49826/000004982626000049/itw-20260630.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-08-01",
    "url": "https://www.sec.gov/Archives/edgar/data/49826/000004982625000037/itw-20250630.htm"
  },
  "reported_figures": [
    {
      "group": "ITW's latest filing",
      "label": "Revenue",
      "value": 16044000000,
      "display": "$16.0B",
      "unit": "usd",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0000049826-26-000049",
        "filing_date": "2026-08-06"
      }
    },
    {
      "group": "ITW's latest filing",
      "label": "Operating margin",
      "value": 26.277736225380206,
      "display": "+26.3%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0000049826-26-000049",
        "filing_date": "2026-08-06"
      }
    },
    {
      "group": "ITW's latest filing",
      "label": "Diluted share change",
      "value": -1.8468770987239758,
      "display": "-1.8%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0000049826-26-000049",
        "filing_date": "2026-08-06"
      }
    }
  ],
  "watch_next": [
    {
      "type": "pricing",
      "statement": "Year-to-date operating margin narrowed as unfavorable price/cost pressure outweighed part of the benefit from enterprise initiatives.",
      "importance": "medium",
      "evidence": "In the year-to-date period, operating margin of 31.4% decreased 40 basis points primarily due to unfavorable price/cost of 90 basis points, higher employee-related expenses and unfavorable operating leverage of 30 basis points, partially offset by benefits from the Company's enterprise initiatives and lower restructuring expenses of 30 basis points.",
      "source_date": "2026-08-06"
    },
    {
      "type": "demand",
      "statement": "ITW's six-month organic revenue declined 0.4%, with weaker demand in several European and Asian businesses partly offset by growth elsewhere.",
      "importance": "medium",
      "evidence": "In the year-to-date period, organic revenue decreased 0.4% primarily due to lower demand in the European consumer equipment packaging and the appliance businesses in Europe and Asia, partially offset by growth in the European ground support equipment, specialty films and filter medical businesses.",
      "source_date": "2026-08-06"
    }
  ],
  "related_tickers": [
    "ITW"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}