 Illinois Tool Works Inc. NYSE:ITW Q3 2022 Earnings Conference Call October 25, 2022 10:00 AM ET Company Participants Karen Fletcher - Vice President, Investor Relations Scott Santi - Chairman and Chief Executive Officer Michael Larsen - Senior Vice President and Chief Financial Officer Conference Call Participants Scott Davis - Melius Research Tami Zakaria - JPMorgan Andy Kaplowitz - Citigroup Joe Ritchie - Goldman Sachs Jamie Cook - Credit Suisse Joe ODea - Wells Fargo Steven Fisher - UBS Stephen Volkmann - Jefferies Julian Mitchell - Barclays Mig Dobre - Baird David Raso - Evercore ISI Operator Good morning. My name is Rob and I will be your conference operator today. 