ITW · 10-Q · 2026Q2 · Full report

End-Market Demand Trends

ILLINOIS TOOL WORKS INC · 2026-08-06 · Importance 49 · Surprise 32

Second-quarter organic revenue increased 4.5%, led by Test & Measurement and Electronics, Welding, and Polymers & Fluids, while product line simplification reduced organic revenue by 60 basis points. North American organic revenue grew 6.4%, Asia Pacific grew 5.6%, and Europe, the Middle East and Africa was flat. Food Equipment declined in North America because of lower institutional and restaurant demand, while international equipment demand benefited from European warewashing and Asian markets. Construction Products saw stronger North American commercial demand, but year-to-date European demand declined.