ITW Q3 FY2026: EPS $3.00, record margin, guidance raised
ITW delivered a clean quarter: revenue rose 4.4% to $4.24 billion, EPS came in at $3.00 against a $3.0049 consensus, and operating margin hit a record 27.8%. The stance is balanced because the beat is mostly operational execution, while full-year margin guidance still sits below the Q3 level and several segments remain soft. Read the scorecard for growth quality, then the balance sheet for cash conversion.
1 · Expected vs. Actual
Free preview belowGAAP EPS of $3.00 rose 6.8% from $2.81 and was essentially in line with the $3.0049 consensus. Operating income rose 5.9% to $1.18 billion, a quarterly record, and operating margin expanded 40 basis points to 27.8%. The quarter also included a 24.4% effective tax rate and $0.04 of acquisition-amortization drag.
Revenue of $4.24 billion rose 4.4% from $4.06 billion, with organic growth of 3.8% and a 0.3% currency lift. Test & Measurement and Electronics did the heavy lifting at +15.8% organic, while Automotive OEM fell 2.1% and Construction Products slipped 0.8%. The Welding tornado clipped about $40 million of revenue; excluding it, organic growth would have been about 5.0%.
Log in to read 35 analyses a week for free
Create a free account to read 35 full earnings analyses each week — all five steps: expected vs. actual, guidance tracker, money flow, balance sheet and risks. Members get unlimited access.
Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03
Answers are based on the earnings release and the analysis above. Free accounts get 3 questions a week; members get 30 a day.