Q3 2022 Segment Performance and Outlook
Q3'22 FINANCIAL PERFORMANCE
HIGHLIGHTS
GAAP EPS
$2.02
$2.35
+16%
ITW delivered strong Q3 performance
$4.0B
+13%
$3.6B
REVENUE
+16%
Organic
Q3'21
Q3'22
OPERATING MARGIN
23.8%
24.5%
+70 bps
- Ex. MTS impact
25.1%
+ 130 bps
AFTER-TAX ROIC*
28.5%
29.9%
ITW
- Organic growth of 16%, double-digit growth in 5 segments
- EPS growth of 16% despite $(0.13) of FX headwind
Continue to aggressively execute ITW's "Win the Recovery"
strategy resulting in profitable market penetration
- Supported by our 80/20 FTB driven operational capabilities
Record operating income and strong margin performance
- Operating margin improvement of 130 bps and incremental
margins of 39% excluding MTS impact
- Enterprise initiatives contribution of 110 bps
- Price/cost accretive to income as pricing actions offset
moderating input cost inflation, margin dilution of (40) bps
ANOTHER QUARTER OF STRONG OPERATIONAL AND FINANCIAL PERFORMANCE
* See ITW's third quarter 2022 press release for the reconciliation from GAAP to non-GAAP measures.
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