(Updates with the stock price movement in the headline and first paragraph.)
Illinois Tool Works (ITW) shares rose 4.5% in Tuesday trading after the company posted Q2 earnings and revenue above expectations and lifted its 2026 EPS guidance.
Earnings in the three months ended June 30 rose to $2.84 per diluted share from $2.58 a year earlier.
Analysts surveyed by FactSet expected $2.79.
Operating revenue rose to $4.30 billion from $4.05 billion.
Analysts expected $4.19 billion.
The company boosted full-year EPS guidance to $11.35 to $11.55 from the prior range of $11.10 to $11.50. Analysts expect $11.31.
Price: $297.69, Change: $+12.87, Percent Change: +4.52%