Illinois Tool Works Inc Profit Surges in Q4: ITW

[Para 1: The Lead] Illinois Tool Works Inc (ITW) reported a significant profit increase of 12% in the fourth quarter of 2026, exceeding market expectations. The company's earnings per share (EPS) rose to $3.50 from $3.10 in the same period last year, bolstering its stock price by 5% post-announcement. [Para 2-3: Supporting details & Context] Revenue for the quarter was $3.2 billion, up 8% year-over-year. ITW attributed the growth to strong demand across its core business segments, particularly in manufacturing and construction. The company also announced a 10% increase in its quarterly dividend, reflecting confidence in its financial health. Shares of ITW closed at $220 on the news, reflecting investor optimism about the company's future prospects.