Q3 2022 Segment Performance and Outlook

Q3'22 SEGMENT PERFORMANCE FOOD EQUIPMENT TEST & MEASUREMENT/ELECTRONICS $633M +16% 26.3% +240 bps $544M $715M MTS +29% 28.9% +210 bps 26.8% $552M 23.9% (370) bps MTS Acquisition 25.2% $614M Q3'21 Q3'22 Q3'21 Total Revenue Q3'22 Operating Margin Q3'21 Q3'22 Total Revenue • Organic revenue 23% Equipment 28%, Service 14% North America 30% International 14% • • Organic revenue 17% Test & Measurement 20% Electronics 14% Q3'21 Operating Margin Q3'22 ☑ ITW BROOKS HOBART raulsen VULCAN FOSTER INSTRON® INSTRUMENT Texwipe An ITW Company MTS LO 5

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