NYSE$ITW
Illinois Tool Works Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
ITW's Q2 2020 performance demonstrated strength in managing the global pandemic's effects.
ITW reported a 29% decline in revenue, but managed to deliver $449 million in operating income and $681 million in free cash flow. The company's decentralized structure and flexible cost structure allowed it to reduce operating expenses by over $140 million.
- Total revenue was $2.6 billion, with organic revenue declining by 27%.
- Operating margin was 17.5%.
- Operating income reached $449 million.
- Free cash flow increased 12% to $681 million, representing a 213% conversion rate.
Headline financials
Revenue & EPS history
ITW · Revenue · Quarterly
$2.56B
Revenue by segment
ITW · $2.57B total across 7 segments · Q2 2020
- Test & Measurement$455M-14.7%17.7%
- Specialty Products$387M-18.2%15.1%
- Construction Products$376M-11.4%14.6%
- Automotive OEM$361M-54.7%14.1%
- Polymers & Fluids$354M-17.2%13.8%
- Food Equipment$336M-38.6%13.1%
- Welding$298M-29.4%11.6%
Forward guidance
ITW suspended annual guidance for 2020 due to uncertainties regarding the duration and severity of the COVID-19 pandemic.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
-0.0%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+1.2%
Avg return
30 days after
49%
36 / 73 earnings
Positive
+6.5%
Q1 2022
Best reaction
-7.7%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.7% | -4.2% | -7.0% | |
| Q4 2025 | +4.5% | +11.1% | +6.9% | |
| Q3 2025 | -4.5% | -6.0% | -3.8% | |
| Q2 2025 | +0.9% | +0.9% | +4.3% | |
| Q1 2025 | -0.8% | -0.4% | +1.4% | |
| Q4 2024 | -0.2% | +1.2% | +7.8% | |
| Q3 2024 | +2.0% | +3.1% | +8.4% | |
| Q2 2024 | -0.3% | -1.7% | +1.0% | |
| Q1 2024 | -2.8% | -2.1% | -4.6% | |
| Q4 2023 | -1.9% | -2.0% | -0.3% | |
| Q3 2023 | +1.6% | +0.4% | +8.2% | |
| Q2 2023 | -5.1% | -6.3% | -6.1% | |
| Q1 2023 | -5.5% | -6.3% | -9.7% | |
| Q4 2022 | +3.0% | -0.1% | -0.3% | |
| Q3 2022 | +3.4% | +6.6% | +13.9% | |
| Q2 2022 | +0.6% | +1.6% | -4.9% | |
| Q1 2022 | +6.5% | +4.6% | +4.6% | |
| Q4 2021 | -3.0% | -4.4% | -10.1% | |
| Q3 2021 | +2.6% | +3.6% | +5.6% | |
| Q2 2021 | -1.3% | -0.4% | +1.0% | |
| Q1 2021 | +1.2% | +2.1% | +0.4% | |
| Q4 2020 | +3.6% | +4.0% | +6.6% | |
| Q3 2020 | -0.9% | -4.5% | +1.1% | |
| Q2 2020 | +0.1% | +1.5% | +8.1% | |
| Q1 2020 | +0.3% | +1.7% | +12.9% | |
| Q4 2019 | -0.8% | +4.4% | -5.7% | |
| Q3 2019 | +6.1% | +6.3% | +8.4% | |
| Q2 2019 | -1.8% | -2.8% | -7.7% | |
| Q1 2019 | -2.1% | -0.8% | -7.1% | |
| Q4 2018 | +0.8% | +0.2% | +5.2% | |
| Q3 2018 | -3.1% | -0.6% | +6.0% | |
| Q2 2018 | -5.9% | -4.5% | -7.3% | |
| Q1 2018 | -6.0% | -5.0% | -2.8% | |
| Q4 2017 | +1.0% | +2.2% | -5.3% | |
| Q3 2017 | +2.2% | +2.6% | +3.0% | |
| Q2 2017 | -3.8% | -4.4% | -7.3% | |
| Q1 2017 | +3.3% | +2.4% | +3.4% | |
| Q4 2016 | +0.9% | +1.4% | +3.6% | |
| Q3 2016 | -2.3% | -3.4% | +7.1% | |
| Q2 2016 | +2.6% | +3.3% | +7.7% | |
| Q1 2016 | -1.0% | — | — | |
| Q4 2015 | +5.3% | — | — | |
| Q3 2015 | +5.2% | — | — | |
| Q2 2015 | -3.0% | — | — | |
| Q1 2015 | -2.7% | — | — | |
| Q4 2014 | -1.7% | — | — | |
| Q3 2014 | +3.2% | — | — | |
| Q2 2014 | -0.8% | — | — | |
| Q1 2014 | +0.9% | — | — | |
| Q4 2013 | +0.0% | — | — | |
| Q3 2013 | +0.8% | — | — | |
| Q2 2013 | -3.1% | — | — | |
| Q1 2013 | +5.6% | — | — | |
| Q4 2012 | -2.9% | — | — | |
| Q3 2012 | -0.7% | — | — | |
| Q2 2012 | -1.6% | — | — | |
| Q1 2012 | +4.2% | — | — | |
| Q4 2011 | +0.2% | — | — | |
| Q3 2011 | -1.1% | — | — | |
| Q2 2011 | -7.7% | — | — | |
| Q1 2011 | +1.1% | — | — | |
| Q4 2010 | -0.2% | — | — | |
| Q4 2007 | -0.2% | — | — | |
| Q3 2010 | +0.7% | — | — | |
| Q2 2010 | +0.1% | — | — | |
| Q1 2009 | +4.1% | — | — | |
| Q1 2010 | +0.5% | — | — | |
| Q4 2009 | +1.9% | — | — | |
| Q3 2008 | -1.3% | — | — | |
| Q3 2009 | -1.3% | — | — | |
| Q2 2009 | -0.9% | — | — | |
| Q4 2008 | -0.9% | — | — | |
| Q2 2008 | -0.9% | — | — |
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