Illinois Tool Works Inc. provided earnings guidance for the year 2023. For the year, the company narrowing the range of its full year GAAP EPS guidance from $9.55 to $9.95 per share to a range of $9.65 to $9.85 per share, which includes a $0.12 per share adjustment for the estimated fourth quarter impact of ongoing automotive industry labor actions. The company is projecting total revenue growth of one to two percent with organic growth of two to 3 % based on current levels of demand exiting the third quarter, and the estimated fourth quarter impact of ongoing automotive industry labor actions.