Illinois Tool Works Inc. revises earnings guidance for the full year 2022. The company is raising its full-year organic growth guidance to seven to 10% and full-year revenue growth guidance to 8.5% to 11.5%. The company is also raising its full-year GAAP EPS guidance to $9.00 to $9.40 per share, an increase of 11 to 16% versus prior year excluding the impact of favorable one-time tax items in 2021.