Illinois Tool Works Files 8-K on Financials
Ticker: ITW · Form: 8-K · Filed: Feb 5, 2025 · CIK: 49826
Sentiment: neutral
Topics: financial-reporting, results-of-operations
Related Tickers: ITW
TL;DR
ITW dropped an 8-K on Feb 5th covering financials. Check it for the latest numbers.
AI Summary
Illinois Tool Works Inc. (ITW) filed an 8-K on February 5, 2025, reporting on its results of operations and financial condition. The filing also includes financial statements and exhibits. ITW is incorporated in Delaware and its fiscal year ends on December 31.
Why It Matters
This filing provides investors with updated financial information and operational results for Illinois Tool Works Inc., crucial for assessing the company's performance and future outlook.
Risk Assessment
Risk Level: low — This is a routine financial filing and does not indicate any unusual or significant risks.
Key Players & Entities
- ILLINOIS TOOL WORKS INC (company) — Registrant
- 0000049826-25-000004 (filing_id) — Accession Number
- February 5, 2025 (date) — Report Date
- Delaware (jurisdiction) — State of Incorporation
- 155 HARLEM AVENUE (address) — Business Address
- GLENVIEW (city) — Business Address City
- IL (state) — Business Address State
- 60025 (zip_code) — Business Address Zip
- 8477247500 (phone_number) — Business Phone
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report on Illinois Tool Works Inc.'s results of operations and financial condition, and to include financial statements and exhibits.
When was this 8-K report filed?
This 8-K report was filed on February 5, 2025.
In which state is Illinois Tool Works Inc. incorporated?
Illinois Tool Works Inc. is incorporated in Delaware.
What is the fiscal year end for Illinois Tool Works Inc.?
The fiscal year end for Illinois Tool Works Inc. is December 31.
What is the business address of Illinois Tool Works Inc.?
The business address of Illinois Tool Works Inc. is 155 Harlem Avenue, Glenview, IL 60025.
Filing Stats: 981 words · 4 min read · ~3 pages · Grade level 11.4 · Accepted 2025-02-05 09:31:18
Key Financial Figures
- $121 million — xcluded the net discrete tax benefit of $121 million in the third quarter of 2024 from net i
- $20 million — so excluded the discrete tax benefit of $20 million in the second quarter of 2023 from net
Filing Documents
- itw-20250205.htm (8-K) — 39KB
- a20241231-4q24ex991pressre.htm (EX-99.1) — 355KB
- 0000049826-25-000004.txt ( ) — 629KB
- itw-20250205.xsd (EX-101.SCH) — 5KB
- itw-20250205_def.xml (EX-101.DEF) — 21KB
- itw-20250205_lab.xml (EX-101.LAB) — 38KB
- itw-20250205_pre.xml (EX-101.PRE) — 21KB
- itw-20250205_htm.xml (XML) — 9KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition On February 5, 2025 , Illinois Tool Works Inc. (the "Company") announced its 2024 fourth quarter results of operations in the press release furnished as Exhibit 99.1. Non-GAAP Financial Measures The Company uses free cash flow to measure cash flow generated by operations that is available for dividends, share repurchases, acquisitions and debt repayment. The Company believes this non-GAAP financial measure is useful to investors in evaluating the Company's financial performance and measures the Company's ability to generate cash internally to fund Company initiatives. Free cash flow represents net cash provided by operating activities less additions to plant and equipment. Free cash flow is a measurement that is not the same as net cash flow from operating activities per the statement of cash flows and may not be consistent with similarly titled measures used by other companies. A reconciliation of free cash flow to net cash provided by operating activities is included in the press release furnished as Exhibit 99.1. The Company uses after-tax return on average invested capital ("After-tax ROIC") to measure the effectiveness of its operations' use of invested capital to generate profits. After-tax ROIC is not defined under U.S. generally accepted accounting principles ("GAAP"). After-tax ROIC is a non-GAAP financial measure that the Company believes is a meaningful metric to investors in evaluating the Company's ability to generate returns from cash invested in its operations and may be different than the method used by other companies to calculate After-tax ROIC. The Company defines After-tax ROIC as operating income after taxes divided by average invested capital, which is annualized when presented in interim periods. Operating income after taxes is a non-GAAP measure consisting of net income before interest expense and other income (expense), on an after-tax basis, which are excluded as they do not re
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Exhibit Description 99.1 Press Release issued by Illinois Tool Works Inc. dated February 5, 2025 (furnished pursuant to Item 2.02). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. ILLINOIS TOOL WORKS INC. Dated: February 5, 2025 By: /s/ Michael M. Larsen Michael M. Larsen Senior Vice President & Chief Financial Officer