Illinois Tool Works Inc. 실적 발표

Yeah, so Andy, you're absolutely correct. I mean, we typically don't forecast the economy. Our forecast is largely based on run rates and also what we're hearing from our customers. And we don't carry a whole lot of backlog, but it has to be said that The order activity that we've seen in welding and test measurement electronics has been a good bit ahead of the revenue rates we've been demonstrating. So, again, a bit more backlog there than normal. I would say we're very confident going to the back half of the year based on what we see in terms of the order rates, based on what we hear from our customers. And I would also underscore the fact that the whole thing is also underpinned by some real nice progress on customer-backed innovation, which, again, strengthens our confidence that the growth is very sustainable here on the back half.

Well, it's certainly true that we are seeing meaningful inflation this year. The Q2 impact was primarily from crude oil derivatives, so we're talking resin and chemicals. I'll also add to the logistics, transportation, freight costs. Electronic components continue to be fairly inflationary. The biggest lever we have is obviously the price lever that we talked a fair bit about, but it's also you know driving productivity across our across our businesses and our strategic sourcing efforts which are part of that enterprise initiative number that we report on a quarterly basis so those are kind of the big the big levers that we're working I'd say inflation is for ITW very manageable everything we know about is included in our guidance you know we have this unique ability to Given how we're organized in this highly decentralized environment, our divisions are so good at reading and reacting to what they're seeing from an inflationary standpoint. So we're highly confident that we'll be able to manage our way through this with some of the levers that I just described as kind of the more obvious ones.