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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 |
Illinois Tool Works: Expect Sequential Improvements In Q2, But Stock Still Looks Pricey
Illinois Tool Works will publish its Q2 results on July 30 before market hours. We touch upon the key themes that could dominate the earnings event. Despite the correction this year, the stock still looks expensive from a valuation perspective,...
Illinois Tool Works (ITW) Reports Next Week: Wall Street Expects Earnings Growth
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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Illinois Tool Works (ITW) Could Be a Great Choice
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Illinois Tool Works (ITW) have what it takes?
ITW Schedules Second Quarter 2024 Earnings Webcast
GLENVIEW, Ill., July 12, 2024 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) will issue its second quarter 2024 results on Tuesday, July 30, 2024 at 7:00 a.m. CDT. Following the release, ITW will hold its second quarter 2024...
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All three of these companies have recently seen insider activity, with the CEO of one making a big splash.
Pepsi Is a Rock-Solid Dividend King, but So Is This Blue Chip Stock That's Down 12% in the Past 3 Months
ITW is putting on a clinic in margin expansion. Its sizable dividend and share-buyback programs make ITW the complete package for returning capital to shareholders.
Are You Looking for a High-Growth Dividend Stock?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Illinois Tool Works (ITW) have what it takes?
Here's Why You Should Retain Illinois Tool (ITW) Stock Now
Illinois Tool (ITW) gains from its business strength, cost management actions and shareholder-friendly policies. However, softness in the consumer electronics and semiconductor markets remains concerning.
Why Illinois Tool Works (ITW) is a Great Dividend Stock Right Now
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Illinois Tool Works (ITW) have what it takes?
Source: https://incomestatements.info
Category: Stock Reports