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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 |
Derek P. Linde Named President of GES as Part of Expanded Role
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Derek P. Linde Named President of GES as part of Expanded Role.
Why Illinois Tool Works (ITW) is a Top Growth Stock for the Long-Term
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Why Illinois Tool Works (ITW) is a Top Dividend Stock for Your Portfolio
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?
Illinois Tool Works: Attractively Valued With Good Growth Prospects
Illinois Tool Works Inc. is expected to benefit from easier year-over-year comparisons and stable demand, leading to revenue growth. The company's focus on customer-driven innovation and new product launches should help it gain market share and increase revenues. Operating margin...
Reasons to Retain Illinois Tool (ITW) Stock in Your Portfolio
Illinois Tool (ITW) benefits from strength in the Automotive OEM segment, and cost management and enterprise initiatives. Its measures to reward its shareholders are noteworthy.
Illinois Tool Works (ITW) is a Top Dividend Stock Right Now: Should You Buy?
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 Illinois Tool Works (ITW) is a Strong Growth Stock
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ITW Board of Directors Declares Quarterly Dividend
GLENVIEW, Ill., May 03, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) declared a dividend on the company's common stock of $1.40 per share for the 2nd quarter of 2024. The dividend equates...
Miller Electric Mfg. LLC Releases Cutting-Edge OptX™ 2kW Handheld Laser Welder
APPLETON, Wis.--(BUSINESS WIRE)--Miller Electric Mfg. LLC, a leading worldwide manufacturer of arc welding products, announces the release of its OptX™ 2kW handheld laser welder, cutting-edge technology that will help fill the ongoing shortage of skilled welders across the United States...
Illinois Tool (ITW) Q1 Earnings Beat Estimates, Revenues Miss
Illinois Tool's (ITW) first-quarter 2024 results benefit from revenue growth in the Automotive OEM and Specialty Products segments.
Source: https://incomestatements.info
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