ITW (ITW) is a public company. ITW (NYSE: ITW) is a Fortune 300 global multi-industrial manufacturing leader with revenue of $16 billion in 2025. The company’s seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. ITW’s approximately 43,000 dedicated colleagues around the world thrive in the company’s decentralized and entrepreneurial culture. It has 18,854 employees.

Transcript

Operator

Good morning. My name is Trevor, and I will be your conference operator today. At this time, I would like to welcome everyone to the ITW second quarter earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press the star followed by the number 1 key. For those participating in the question-and-answer, you will have the opportunity to ask one question and, if needed, one follow-up question. Thank you. Erin Linnihan, Vice President of Investor Relations, you may begin your conference.

Erin Linnihan — VP of Investor Relations

Thank you, Trevor. Good morning. Welcome to ITW's second quarter 2026 conference call. I'm joined by our President and Chief Executive Officer, Chris O'Herlihy, and Senior Vice President and Chief Financial Officer, Michael Larsen. During today's call, we will discuss ITW's second quarter 2026 financial results and provide an update on our outlook for full year 2026. Slide two is a reminder that this presentation contains forward-looking statements. Please refer to the company's 2025 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. A reconciliation of those measures to the most directly comparable GAAP measures is contained in the press release. Please turn to slide three. It's now my pleasure to turn the call over to our President and Chief Executive Officer, Chris O'Herlihy. Chris?

Chris O'Herlihy — President and CEO

Thank you, Erin. Good morning, everyone. As you saw in our press