See more : Centrum Nowoczesnych Technologii S.A. (CNT.WA) Income Statement Analysis – Financial Results
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 Inc. (ITW) Q1 2024 Earnings Call Transcript
Illinois Tool Works Inc. (NYSE:ITW ) Q1 2024 Earnings Conference Call April 30, 2024 10:00 AM ET Company Participants Erin Linnihan - VP, IR Karen Fletcher - VP, IR Christopher O'Herlihy - President and CEO Michael Larsen - SVP and...
Illinois Tool Works (ITW) Reports Q1 Earnings: What Key Metrics Have to Say
The headline numbers for Illinois Tool Works (ITW) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago...
Illinois Tool Works (ITW) Q1 Earnings Surpass Estimates
Illinois Tool Works (ITW) came out with quarterly earnings of $2.44 per share, beating the Zacks Consensus Estimate of $2.35 per share. This compares to earnings of $2.33 per share a year ago.
ITW Reports First Quarter 2024 Results
GLENVIEW, Ill., April 30, 2024 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) today reported its first quarter 2024 results and raised guidance for full-year 2024.
Illinois Tool Works (ITW) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
Evaluate the expected performance of Illinois Tool Works (ITW) for the quarter ended March 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Illinois Tool Works (ITW) Earnings Expected to Grow: Should You Buy?
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.
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?
5 Industrial Product Stocks to Buy on Stable Demand in March
We have narrowed our search to five manufacturing stocks with strong potential for 2024. These stocks are: PH, IR, GWW, HUBB, ITW.
Down -5.68% in 4 Weeks, Here's Why You Should You Buy the Dip in Illinois Tool Works (ITW)
Illinois Tool Works (ITW) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
ITW Schedules First Quarter 2024 Earnings Webcast
GLENVIEW, Ill., April 11, 2024 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) will issue its first quarter 2024 results on Tuesday, April 30, 2024 at 7:00 a.m. CDT. Following the release, ITW will hold its first quarter 2024...
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