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Illinois Tool Works

OverviewSuggest Edit

Illinois Tool Works is a company that manufactures and sells industrial products and equipment. It operates through seven segments: Automotive OEM, Food Equipment, Test & Measurement and Electronics, Welding, Polymers & Fluids, Construction Products, and Specialty Products. The company offers plastic and metal components, fasteners and assemblies for automotive-related applications, software for testing and measuring, welding equipment, adhesives, sealants, lubrication and cutting fluids, consumables and accessories for industrial and commercial applications, beverage packaging equipment and consumables, food processing equipment, appliance components and fasteners, etc.

TypePublic
Founded1912
HQGlenview, IL, USMap
Websiteitw.com
Employee Ratings3.8More
Overall CultureFMore
View Jobs (805)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)45,000(-6%)
Job Openings805
Revenue (FY, 2020)$12.6 B(-10%)
Share Price (Apr 2021)$219.9(-1%)
Cybersecurity ratingAMore

Key People/Management at Illinois Tool Works

E. Scott Santi

E. Scott Santi

Chairman & Chief Executive Officer
Axel R. J. Beck

Axel R. J. Beck

Executive Vice President
Norman D. Finch

Norman D. Finch

Senior Vice President, General Counsel & Secretary
John R. Hartnett

John R. Hartnett

Executive Vice President
Michael M. Larsen

Michael M. Larsen

Senior Vice President & Chief Financial Officer
Mary K. Lawler

Mary K. Lawler

Senior Vice President, Chief Human Resources Officer
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Illinois Tool Works Office Locations

Illinois Tool Works has an office in Glenview
Glenview, IL, US (HQ)
155 Harlem Ave
Show all (1)

Illinois Tool Works Financials and Metrics

Illinois Tool Works Revenue

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Illinois Tool Works's revenue was reported to be $12.57 b in FY, 2020
USD

Revenue (FY, 2020)

12.6b

Gross profit (FY, 2020)

5.2b

Gross profit margin (FY, 2020), %

41.3%

Net income (FY, 2020)

2.1b

EBIT (FY, 2020)

2.9b

Market capitalization (7-Apr-2021)

69.6b

Closing stock price (7-Apr-2021)

219.9

Cash (31-Dec-2020)

2.6b

EV

75.2b
Illinois Tool Works's current market capitalization is $69.6 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

14.3b14.8b14.1b12.6b

Revenue growth, %

5%3%(4%)

Cost of goods sold

8.3b8.6b8.2b7.4b

Gross profit

6.0b6.2b5.9b5.2b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

3.7b3.8b3.6b3.6b3.6b3.5b3.2b2.6b3.3b

Cost of goods sold

2.2b2.2b2.1b2.1b2.1b2.0b1.9b1.6b1.9b

Gross profit

1.6b1.6b1.5b1.5b1.5b1.5b1.4b970.0m1.4b

Gross profit Margin, %

42%42%42%42%42%42%42%38%42%
show all
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

3.1b1.5b2.0b2.6b

Accounts Receivable

2.6b2.6b2.5b2.5b

Prepaid Expenses

336.0m334.0m296.0m264.0m

Inventories

1.2b1.3b1.2b1.2b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

1.9b1.6b1.6b1.8b1.7b1.8b1.4b1.8b2.2b

Accounts Receivable

2.9b2.9b2.8b2.7b2.6b2.5b2.4b2.2b2.5b

Prepaid Expenses

274.0m293.0m236.0m259.0m288.0m292.0m244.0m253.0m219.0m

Inventories

1.3b1.3b1.3b1.3b1.3b1.2b1.2b1.2b1.1b
show all
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

1.7b2.6b2.5b2.1b

Depreciation and Amortization

462.0m461.0m426.0m273.0m

Inventories

(81.0m)(108.0m)98.0m43.0m

Accounts Payable

39.0m(46.0m)(16.0m)19.0m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

652.0m1.3b2.0b597.0m1.2b1.9b566.0m885.0m1.5b

Depreciation and Amortization

115.0m231.0m346.0m110.0m217.0m321.0m104.0m204.0m203.0m

Inventories

(68.0m)(95.0m)(122.0m)(32.0m)11.0m31.0m(48.0m)(14.0m)50.0m

Accounts Payable

55.0m47.0m3.0m48.0m20.0m15.0m17.0m(76.0m)23.0m
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USDFY, 2017

Revenue/Employee

286.3k

Debt/Equity

1.8 x

Debt/Assets

0.5 x

Financial Leverage

3.7 x
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Illinois Tool Works Operating Metrics

Illinois Tool Works's Backlog was reported to be $1.5b in FY, 2019.
FY, 2017FY, 2018FY, 2019

Backlog

$1.44 b$1.56 b$1.5 b

Countries

565553

Patents (Foreign)

8 k8.4 k8.7 k

Patents (US)

3.6 k3.5 k3.6 k
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Illinois Tool Works Acquisitions / Subsidiaries

Company NameDateDeal Size
ZF TRW (Engineered Fasteners and Components)January 25, 2016$450 m
VestaJuly 03, 2013
CoeurOctober 09, 2012
Despatch IndustriesJuly 25, 2011
Elro GroupSeptember 05, 2010
Hartness InternationalNovember 04, 2009
Avery Weigh TronixSeptember 26, 2008
Crane Carrier CompanySeptember 16, 2008
Viltronics SoltecMarch 28, 2008
Vitronics Soltec B.V.March 28, 2008
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Illinois Tool Works Revenue Breakdown

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Illinois Tool Works revenue breakdown by business segment: 11.8% from Polymers & Fluids, 11.6% from Welding, 12.9% from Specialty Products, 15.5% from Food Equipment, 21.7% from Automotive OEM, 11.5% from Construction Products and 15.0% from Test & Measurement and Electronics

Illinois Tool Works revenue breakdown by geographic segment: 6.9% from Canada / Mexico, 46.1% from United States, 27.8% from Europe, Middle East and Africa, 17.0% from Asia Pacific and 2.2% from Other

Illinois Tool Works Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

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Illinois Tool Works Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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Illinois Tool Works Online and Social Media Presence

Illinois Tool Works's Trends

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Illinois Tool Works Company Culture

  • Overall Culture

    F

    43/100

  • CEO Rating

    F

    20/100

  • Compensation

    D+

    55/100

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Illinois Tool Works News and Updates

March 25, 2021

Illinois Tool Works A Top Socially Responsible Dividend Stock With 2.1% Yield

Illinois Tool Works has been named a Top Socially Responsible Dividend Stock by Dividend Channel, signifying a stock with above-average ''DividendRank'' statistics including a strong 2.1% yield
February 05, 2021

Illinois Tool Works reports surprise growth in profit and revenue, plans to boost stock repurchases

Shares of Illinois Tool Works Inc. rose 0.4% in premarket trading Friday, after the diversified manufacturing company reported surprise fourth-quarter growth in profit and revenue, and announced plans to boost share repurchases this year. Net income increased to $642 million, or $2.02 a share, from…
December 09, 2020

Global Commercial Gas Fryers Market Key Insights, Major Players, Share Analysis and Key Players - Illinois Tool Works, Henny Penny Ali

The analysis covers extensive data on emerging trends, Global Commercial Gas Fryers Market factors, opportunities for growth, and constraints that may alter the report's market dynamics. It offers an in-depth review of the segments of the industry, including products, applications, and applications …
October 23, 2020

Illinois Tool Works stock set to rise after profit and revenue fall, but beat expectations

Shares of Illinois Tool Works Inc. were indicated up more than 1% in premarket trading Friday, after the multi-industrial manufacturer reported third-quarter profit and revenue that fell, amid the negative impacts of the COVID-19 pandemic, but beat Wall Street expectations. Net income declined to $…
August 07, 2020

Illinois Tool Works raises quarterly cash dividend by 7 cents to $1.14 a share

Illinois Tool Works Inc. said Friday its board has approved a 7 cents increase in its quarterly cash dividend, boosting it to $1.14 a share. The new dividend will be payable Oct. 14 to shareholders of record as of Sept. 30. Shares were slightly higher and have gained 5% in the year to date, while t…
July 26, 2019

Illinois Tool Works shares slump premarket after earnings miss and lowered guidance

Illinois Toll Works Inc. shares slid 3.4% in premarket trade Friday, after the company missed profit and revenue estimates for the second quarter and lowered guidance to reflect soft demand. The Glenview, Ill.-based maker of industrial equipment said it had net income of $623 million, or $1.91 a sh…
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Illinois Tool Works Blogs

March 15, 2021

Building a Circular Economy for Plastics

Consistent with our commitments to global sustainability and innovating environmentally responsible solutions, our businesses continuously evaluate opportunities to improve the environmental impact of their products. Hi-Cone, a leading supplier of plastic-based multipackaging systems for global beve…
March 15, 2021

Doing More for Communities of Color

ITW’s Employee Resources Groups are an asset to ITW’s diverse and inclusive culture as well as ambassadors in our local communities. In the spirit of “doing more,” ITW’s African-American Network (AAN) stepped up to help the Black community in 2020. In partnership with Urban League, AAN launched the …

 Illinois Tool Works Frequently Asked Questions

  • When was Illinois Tool Works founded?

    Illinois Tool Works was founded in 1912.

  • Who are Illinois Tool Works key executives?

    Illinois Tool Works's key executives are E. Scott Santi, Axel R. J. Beck and Norman D. Finch.

  • How many employees does Illinois Tool Works have?

    Illinois Tool Works has 45,000 employees.

  • What is Illinois Tool Works revenue?

    Latest Illinois Tool Works annual revenue is $12.6 b.

  • What is Illinois Tool Works revenue per employee?

    Latest Illinois Tool Works revenue per employee is $279.4 k.

  • Who are Illinois Tool Works competitors?

    Competitors of Illinois Tool Works include Wurth Group, Precision Castparts and Dover.

  • Where is Illinois Tool Works headquarters?

    Illinois Tool Works headquarters is located at 155 Harlem Ave, Glenview.

  • Where are Illinois Tool Works offices?

    Illinois Tool Works has an office in Glenview.

  • How many offices does Illinois Tool Works have?

    Illinois Tool Works has 1 office.