Illinois Tool Works Inc. provided earnings guidance for the year 2022. The company is initiating full-year GAAP EPS guidance in the range of $8.90 to $9.30 per share, an increase of
10 to 15%, excluding the impact of the favorable one-time tax items in 2021. Total revenue growth is expected to be in the range of 7.5 to 10.5% with organic growth of 6 to 9%.