ITW · 10-Q · 2026Q2 · Full report

Capital Return Program

ILLINOIS TOOL WORKS INC · 2026-08-06 · Importance 76 · Surprise 56 · In source text

ITW repurchased $1.125 billion of common stock during the six months ended June 30, 2026, compared with $750 million in the prior-year period. The company paid $928 million in cash dividends during the same period and had $865 million of authorized repurchases remaining under its open-ended $5.0 billion 2023 program as of June 30, 2026. Management identifies dividends, share repurchases, internal investment, and selective strategic acquisitions as capital allocation priorities supported by operating cash flow and debt-market access.

Key facts

• On August 4, 2023 the Company announced a stock repurchase program authorizing up to $5.0 billion of common stock repurchases over an open-ended period (the "2023 Program"). source
• As of June 30, 2026, $865 million of authorized repurchases remained under the 2023 Program. source
• The Company repurchased approximately 2.9 million shares in the second quarter of 2026 for approximately $750 million and repurchased approximately 4.3 million shares year-to-date for approximately $1.1 billion. source
• Three months ended June 30, 2026 cash dividends paid: $(463) million. source
• Three months ended June 30, 2026 repurchases of common stock: $(750) million. source
• Six months ended June 30, 2026 repurchases of common stock: $(1,125) million. source
• The Company repurchased 2.9 million shares at an average price of $255.37 during the three months ended June 30, 2026. source
• The Company repurchased 4.3 million shares at an average price of $260.52 during the six months ended June 30, 2026. source

Impact estimates