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Complete financial analysis of Illinois Tool Works Inc. (ITW) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Illinois Tool Works Inc., a leading company in the Industrial – Machinery industry within the Industrials sector.
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Illinois Tool Works Inc. (ITW)
About Illinois Tool Works Inc.
Illinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses. The Food Equipment segment provides warewashing, refrigeration, cooking, and food processing equipment; kitchen exhaust, ventilation, and pollution control systems; and food equipment maintenance and repair services. The Test & Measurement and Electronics segment produces and sells equipment, consumables, and related software for testing and measuring of materials and structures, as well as equipment and consumables used in the production of electronic subassemblies and microelectronics. The Welding segment produces arc welding equipment; and metal arc welding consumables and related accessories. The Polymers & Fluids segment produces adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance. The Construction Products segment offers engineered fastening systems and solutions for the residential construction, renovation/remodel, and commercial construction markets. The Specialty Products segment offers beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. It serves the automotive OEM/tiers, commercial food equipment, construction, general industrial, and automotive aftermarket end markets. The company distributes its products directly to industrial manufacturers, as well as through independent distributors. Illinois Tool Works Inc. was founded in 1912 and is based in Glenview, Illinois.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 16.11B | 15.93B | 14.46B | 12.57B | 14.11B | 14.77B | 14.31B | 13.60B | 13.41B | 14.48B | 14.14B | 17.92B | 17.79B | 15.87B | 13.88B | 15.87B | 16.17B | 14.06B | 12.92B | 11.73B | 10.04B | 9.47B | 9.29B | 9.98B | 9.33B | 5.65B | 5.22B | 5.00B | 4.15B | 3.46B | 3.16B | 2.81B | 2.64B | 2.54B | 2.17B | 1.93B | 1.70B | 961.10M | 596.10M |
| Cost of Revenue | 9.32B | 9.43B | 8.49B | 7.38B | 8.19B | 8.60B | 8.31B | 7.90B | 7.89B | 8.67B | 8.55B | 11.46B | 11.52B | 10.24B | 9.14B | 10.27B | 10.46B | 9.08B | 8.36B | 7.59B | 6.53B | 6.21B | 6.19B | 6.19B | 5.77B | 3.47B | 3.24B | 3.14B | 2.60B | 2.19B | 1.99B | 1.74B | 1.65B | 1.59B | 1.37B | 1.21B | 1.06B | 586.10M | 363.50M |
| Gross Profit | 6.79B | 6.50B | 5.97B | 5.20B | 5.92B | 6.16B | 6.01B | 5.70B | 5.52B | 5.81B | 5.58B | 6.47B | 6.27B | 5.63B | 4.73B | 5.60B | 5.72B | 4.98B | 4.56B | 4.14B | 3.51B | 3.25B | 3.10B | 3.79B | 3.56B | 2.18B | 1.98B | 1.85B | 1.56B | 1.27B | 1.17B | 1.07B | 991.20M | 957.10M | 805.70M | 716.90M | 636.60M | 375.00M | 232.60M |
| Gross Profit Ratio | 42.16% | 40.82% | 41.27% | 41.35% | 41.97% | 41.74% | 41.95% | 41.94% | 41.16% | 40.12% | 39.48% | 36.09% | 35.24% | 35.47% | 34.10% | 35.27% | 35.34% | 35.42% | 35.27% | 35.29% | 34.95% | 34.37% | 33.38% | 37.96% | 38.14% | 38.63% | 37.98% | 37.11% | 37.45% | 36.81% | 36.99% | 38.22% | 37.55% | 37.62% | 37.08% | 37.15% | 37.48% | 39.02% | 39.02% |
| Research & Development | 284.00M | 2.58B | 2.36B | 2.16B | 2.36B | 2.39B | 2.40B | 2.42B | 2.42B | 2.68B | 2.82B | 3.33B | 3.28B | 3.06B | 3.04B | 210.72M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.40B | 2.42B | 2.42B | 2.68B | 2.82B | 0.00 | 0.00 | 0.00 | 3.04B | 2.77B | 2.93B | 2.43B | 2.21B | 2.02B | 1.85B | 1.72B | 1.69B | 1.81B | 1.73B | 890.60M | 870.30M | 875.40M | 776.60M | 650.10M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 88.66M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 2.35B | 2.58B | 2.36B | 2.16B | 2.36B | 2.39B | 2.40B | 2.42B | 2.42B | 2.68B | 2.82B | 3.33B | 3.28B | 3.06B | 3.04B | 2.86B | 2.93B | 2.43B | 2.21B | 2.02B | 1.85B | 1.72B | 1.69B | 1.81B | 1.73B | 890.60M | 870.30M | 875.40M | 776.60M | 650.10M | 658.40M | 586.80M | 552.90M | 510.30M | 417.90M | 369.10M | 339.10M | 223.80M | 123.30M |
| Other Expenses | 113.00M | -2.45B | 133.00M | 154.00M | 159.00M | 67.00M | 36.00M | 81.00M | 78.00M | 61.00M | 72.00M | 37.00M | 255.34M | 212.88M | 203.23M | 185.45M | 161.04M | 141.34M | 83.84M | 59.12M | 24.28M | 27.93M | 104.59M | 413.37M | 343.30M | 211.80M | 185.40M | 178.20M | 151.90M | 132.10M | 131.70M | 125.30M | 115.40M | 102.10M | 84.70M | 75.10M | 57.80M | 37.20M | 27.30M |
| Operating Expenses | 2.75B | 2.71B | 2.49B | 2.32B | 2.52B | 2.58B | 2.61B | 2.64B | 2.65B | 2.92B | 3.07B | 3.62B | 3.54B | 3.27B | 3.24B | 3.26B | 3.09B | 2.57B | 2.30B | 2.08B | 1.87B | 1.75B | 1.80B | 2.23B | 2.07B | 1.10B | 1.06B | 1.05B | 928.50M | 782.20M | 790.10M | 712.10M | 668.30M | 612.40M | 502.60M | 444.20M | 396.90M | 261.00M | 150.60M |
| Cost & Expenses | 12.07B | 12.14B | 10.98B | 9.69B | 10.71B | 11.18B | 10.92B | 10.54B | 10.54B | 11.59B | 11.62B | 15.08B | 15.06B | 13.51B | 12.39B | 13.53B | 13.55B | 11.65B | 10.66B | 9.67B | 8.40B | 7.96B | 7.99B | 8.42B | 7.85B | 4.57B | 4.29B | 4.20B | 3.53B | 2.97B | 2.78B | 2.45B | 2.32B | 2.20B | 1.87B | 1.66B | 1.46B | 847.10M | 514.10M |
| Interest Income | 51.00M | 22.00M | 12.00M | 17.00M | 29.00M | 35.00M | 45.00M | 38.00M | 52.00M | 65.00M | 50.00M | 40.00M | 40.28M | 24.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 266.00M | 203.00M | 202.00M | 206.00M | 221.00M | 257.00M | 260.00M | 237.00M | 226.00M | 250.00M | 239.00M | 214.00M | 192.13M | 175.46M | 164.84M | 154.46M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 395.00M | 410.00M | 410.00M | 427.00M | 426.00M | 461.00M | 462.00M | 470.00M | 231.00M | 242.00M | 250.00M | 288.00M | 255.34M | 212.88M | 674.93M | 691.91M | 524.74M | 443.91M | 383.07M | 385.80M | 306.55M | 305.75M | 386.31M | 413.37M | 343.30M | 211.80M | 185.40M | 178.20M | 151.90M | 132.10M | 131.70M | 125.30M | 115.40M | 102.10M | 84.70M | 75.10M | 57.80M | 37.20M | 27.30M |
| EBITDA | 4.48B | 4.24B | 3.91B | 3.32B | 3.85B | 4.07B | 3.86B | 3.53B | 3.42B | 3.45B | 3.11B | 4.43B | 3.37B | 2.57B | 1.95B | 3.05B | 2.97B | 2.96B | 2.63B | 2.31B | 1.94B | 1.81B | 1.69B | 1.98B | 1.83B | 1.61B | 1.36B | 978.80M | 797.90M | 623.90M | 510.20M | 487.70M | 438.30M | 446.80M | 387.80M | 347.80M | 297.50M | 151.20M | 109.30M |
| EBITDA Ratio | 27.84% | 26.23% | 25.33% | 24.37% | 26.00% | 26.00% | 25.44% | 24.77% | 23.71% | 22.05% | 20.08% | 17.71% | 16.79% | 16.20% | 15.61% | 19.24% | 19.24% | 19.70% | 20.38% | 20.72% | 19.46% | 19.17% | 18.29% | 19.93% | 20.31% | 22.96% | 20.99% | 19.64% | 18.05% | 18.45% | 16.39% | 17.69% | 16.26% | 17.78% | 17.99% | 18.74% | 17.88% | 12.18% | 20.37% |
| Operating Income | 4.04B | 3.79B | 3.48B | 2.88B | 3.40B | 3.58B | 3.49B | 3.06B | 2.87B | 2.89B | 2.51B | 2.85B | 2.73B | 2.36B | 1.39B | 2.34B | 2.62B | 2.42B | 2.26B | 2.06B | 1.63B | 1.51B | 1.31B | 1.56B | 1.49B | 1.08B | 927.10M | 800.60M | 626.50M | 491.80M | 378.50M | 362.40M | 322.90M | 344.70M | 303.10M | 272.70M | 239.70M | 114.00M | 82.00M |
| Operating Income Ratio | 25.08% | 23.79% | 24.05% | 22.92% | 24.11% | 24.27% | 24.41% | 22.53% | 21.39% | 19.94% | 17.79% | 15.88% | 15.35% | 14.85% | 9.99% | 14.73% | 16.23% | 17.22% | 17.48% | 17.53% | 16.28% | 15.90% | 14.06% | 15.66% | 15.93% | 19.11% | 17.76% | 16.02% | 15.09% | 14.21% | 11.98% | 12.89% | 12.23% | 13.55% | 13.95% | 14.13% | 14.11% | 11.86% | 13.76% |
| Total Other Income/Expenses | -217.00M | 52.00M | -151.00M | -178.00M | -114.00M | -190.00M | -215.00M | -156.00M | -148.00M | -189.00M | -167.00M | 756.00M | -138.29M | -42.01M | -172.19M | -149.75M | 132.09M | 6.53M | -92.33M | -78.92M | -57.34M | -72.21M | -75.25M | -85.26M | -133.80M | -28.30M | -4.80M | -30.30M | -2.80M | -41.50M | -42.60M | -52.60M | -35.10M | -44.80M | -34.10M | -39.90M | -39.60M | 34.10M | -12.10M |
| Income Before Tax | 3.82B | 3.84B | 3.33B | 2.70B | 3.29B | 3.39B | 3.27B | 2.91B | 2.72B | 2.70B | 2.35B | 3.60B | 2.59B | 2.21B | 1.21B | 2.19B | 2.58B | 2.45B | 2.18B | 2.00B | 1.58B | 1.43B | 1.23B | 1.48B | 1.35B | 1.06B | 924.40M | 770.30M | 623.70M | 450.30M | 335.90M | 309.80M | 287.80M | 299.90M | 269.00M | 232.80M | 200.10M | 148.10M | 69.90M |
| Income Before Tax Ratio | 23.74% | 24.11% | 23.01% | 21.50% | 23.30% | 22.98% | 22.84% | 21.38% | 20.28% | 18.63% | 16.60% | 20.10% | 14.58% | 13.94% | 8.75% | 13.81% | 15.96% | 17.40% | 16.88% | 17.04% | 15.71% | 15.14% | 13.25% | 14.81% | 14.49% | 18.76% | 17.71% | 15.42% | 15.02% | 13.01% | 10.63% | 11.02% | 10.90% | 11.79% | 12.38% | 12.06% | 11.78% | 15.41% | 11.73% |
| Income Tax Expense | 866.00M | 808.00M | 632.00M | 595.00M | 767.00M | 831.00M | 1.58B | 873.00M | 820.00M | 809.00M | 717.00M | 1.11B | 575.70M | 684.80M | 244.30M | 608.10M | 754.90M | 727.50M | 686.70M | 659.80M | 535.90M | 501.75M | 428.40M | 520.20M | 511.60M | 386.80M | 337.40M | 284.00M | 236.10M | 172.50M | 129.30M | 117.70M | 107.20M | 117.50M | 105.20M | 92.80M | 93.90M | 68.50M | 38.40M |
| Net Income | 2.96B | 3.03B | 2.69B | 2.11B | 2.52B | 2.56B | 1.69B | 2.04B | 1.90B | 2.95B | 1.68B | 2.87B | 2.07B | 1.53B | 947.01M | 1.52B | 1.87B | 1.72B | 1.49B | 1.34B | 1.02B | 712.59M | 805.66M | 957.98M | 841.10M | 672.80M | 587.00M | 486.30M | 387.60M | 277.80M | 206.60M | 192.10M | 180.60M | 182.40M | 163.80M | 140.00M | 106.20M | 79.60M | 31.50M |
| Net Income Ratio | 18.36% | 19.04% | 18.64% | 16.77% | 17.87% | 17.36% | 11.79% | 14.96% | 14.17% | 20.34% | 11.88% | 16.01% | 11.65% | 9.62% | 6.82% | 9.57% | 11.56% | 12.22% | 11.57% | 11.41% | 10.20% | 7.53% | 8.67% | 9.60% | 9.01% | 11.91% | 11.24% | 9.73% | 9.33% | 8.03% | 6.54% | 6.83% | 6.84% | 7.17% | 7.54% | 7.25% | 6.25% | 8.28% | 5.28% |
| EPS | 9.77 | 9.80 | 8.55 | 6.66 | 7.78 | 7.65 | 4.90 | 5.73 | 5.16 | 7.33 | 3.76 | 6.11 | 4.21 | 3.00 | 1.89 | 2.93 | 3.39 | 3.04 | 1.31 | 1.11 | 1.67 | 1.17 | 1.33 | 1.59 | 1.40 | 1.62 | 0.58 | 0.25 | 0.21 | 0.61 | 0.11 | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 | 0.03 | 0.01 | 0.01 |
| EPS Diluted | 9.74 | 9.77 | 8.51 | 6.63 | 7.74 | 7.60 | 4.86 | 5.70 | 5.13 | 7.28 | 3.74 | 6.06 | 4.19 | 2.99 | 1.89 | 2.91 | 3.36 | 3.01 | 1.30 | 1.10 | 1.66 | 1.16 | 1.32 | 1.58 | 1.38 | 1.33 | 0.57 | 0.24 | 0.20 | 0.61 | 0.11 | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 | 0.03 | 0.01 | 0.01 |
| Weighted Avg Shares Out | 302.60M | 309.60M | 315.10M | 316.90M | 323.90M | 335.00M | 344.10M | 355.00M | 367.90M | 401.70M | 446.20M | 469.80M | 491.40M | 500.80M | 500.18M | 518.61M | 551.55M | 565.05M | 574.67M | 610.44M | 614.82M | 611.67M | 608.04M | 602.50M | 600.79M | 500.26M | 499.20M | 496.08M | 473.48M | 453.55M | 453.17M | 448.62M | 445.74M | 438.44M | 429.33M | 422.78M | 414.58M | 410.03M | 403.26M |
| Weighted Avg Shares Out (Dil) | 303.60M | 310.70M | 316.40M | 318.30M | 325.60M | 337.10M | 346.80M | 357.10M | 370.10M | 404.60M | 449.30M | 473.20M | 494.60M | 503.30M | 501.92M | 518.61M | 556.03M | 570.68M | 579.02M | 615.31M | 616.67M | 616.96M | 612.67M | 608.24M | 609.49M | 608.80M | 499.20M | 496.08M | 473.48M | 453.55M | 453.17M | 448.62M | 445.74M | 438.44M | 429.33M | 422.78M | 414.58M | 410.03M | 403.26M |
ITW Reports Third Quarter 2024 Results
GLENVIEW, Ill., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) today reported its third quarter 2024 results.
Illinois Tool Gears Up to Report Q3 Earnings: What to Expect
ITW's third-quarter results are likely to gain from strength across the Automotive OEM and Specialty Products units. Softness in the Welding segment is expected to weigh on results.
Illinois Tool Works (ITW) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Illinois Tool Works (ITW), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
ITW Board of Directors Declares Quarterly Dividend
GLENVIEW, Ill., Oct. 24, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) declared a dividend on the company's common stock of $1.50 per share for the fourth quarter of 2024. The dividend equates...
Earnings Preview: Illinois Tool Works (ITW) Q3 Earnings Expected to Decline
Illinois Tool Works (ITW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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ITW Schedules Third Quarter 2024 Earnings Webcast
GLENVIEW, Ill., Oct. 04, 2024 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) will issue its third quarter 2024 results on Wednesday, October 30, 2024 at 7:00 a.m. CDT. Following the release, ITW will hold its third quarter 2024...
Here's Why You Should Avoid Investing in Illinois Tool Stock Now
Weakness in the consumer electronics, semiconductor and general industrial end markets and increasing operating costs weigh on ITW. Unfavorable foreign currency movement is an added concern.
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Next week features 13 dividend increases, including Illinois Tool Works (7.4%) and Federal Realty Investment Trust (0.9%), both Dividend Kings. My strategy focuses on buying, holding, and adding companies with consistent dividend growth and market outperformance, using data from U.S....
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Category: Stock Reports