Q3 2022 Segment Performance and Outlook
2022 FINANCIAL GUIDANCE
GAAP EPS
$8.51
$9.45 - $9.55 +11-12%
•
$15.8 $16.0B
+9 - 10%
$14.5B
REVENUE
2021
2022E
OPERATING MARGIN
24.1%
- Ex. MTS impact
AFTER-TAX ROIC*
-24%
-24.5%
29.5%
~29%
ITW
+11 - 12%
Organic
HIGHLIGHTS
Raising 2022 organic growth projection to 11 to 12% as
demand remains strong across majority of our businesses
- Based on 12% year-to-date, current levels of demand, and
anticipated further slowing in certain end-markets
Raising 2022 GAAP EPS guidance to $9.45 to $9.55
- Updated for incremental foreign currency translation
headwind and an estimated Q4 divestiture gain of $0.45
ITW is well-positioned to deliver a strong Q4
- Organic growth of -10%
- EPS growth of -40%; -15% ex-divestiture gain
- Operating margin improvement of more than 100 bps
- Price/cost accretive to income and margin
STRONG OPERATIONAL AND FINANCIAL PERFORMANCE IN 2022
*See ITW's third quarter 2022 press release for the reconciliation from GAAP to non-GAAP measures.
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