Illinois Tool Works Inc (NYSE:ITW)
$ 271.95 -0.96 (-0.35%) Market Cap: 80.31 Bil Enterprise Value: 87.71 Bil PE Ratio: 23.53 PB Ratio: 23.68 GF Score: 88/100
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Q1 2023 Illinois Tool Works Inc Earnings Call Transcript

May 02, 2023 / 02:00PM GMT
Release Date Price: $234.39 (-4.65%)
Operator

Good morning. My name is Rob, and I'll be your conference operator today. At this time, I would like to welcome everyone to the ITW First Quarter Earnings Conference Call. (Operator Instructions ) Karen Fletcher, Vice President of Investor Relations, you may begin your conference.

Karen A. Fletcher
Illinois Tool Works Inc. - VP of IR

Okay. Thank you, Rob. Good morning, and welcome to ITW's First Quarter 2023 Conference Call. I'm joined by our Chairman and CEO, Scott Santi; and Senior Vice President and CFO, Michael Larsen. During today's call, we will discuss ITW's first quarter financial results and provide an update on our outlook for the full year 2023.

Slide 2 is a reminder that this presentation contains forward-looking statements. We refer you to the company's 2022 Form 10-K and subsequent reports filed with the SEC for more detail about important risks that could cause actual results to differ materially from our expectations. This presentation uses certain non-GAAP measures, and a reconciliation of those measures to the most directly

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