ITW Q1 2024 Earnings Conference Call April 30

Illinois Tool Works reported Q1 2024 earnings with revenue of $4.0B and operating margin of 25.4%, driven by strong margin performance and enterprise initiatives despite challenging near-term demand. The company delivered EPS of $2.44, up 5% year-over-year, with free cash flow of $494M representing 68% of net income, and maintained after-tax ROIC of 30.1%.