Illinois Tool Works Inc. (NYSE:ITW) reported a second-quarter 2024 revenue of $4.027 billion, missing the consensus of $4.08 billion. Revenue declined 1.2% year over year, and flat organic growth and the impact of foreign currency translation reduced revenue by 1.2%. Revenue by segments: Automotive OEM $815 million (-1% Y/Y), Food Equipment $667 million (+2% Y/Y), Test & Measurement and Electronics $678 million (-3% Y/Y), Welding $466 million (-5% Y/Y), Polymers & Fluids $454 million (-1% Y/Y), Construction Products $504 million (-4% Y/Y) and Specialty Products $449 million (+6% Y/Y). GAAP EPS was $2.54, ...