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Illinois Tool Works

OverviewSuggest Edit

Illinois Tool Works (ITW) is a company that manufactures and sells industrial products and equipment. It offers plastic and metal components, fasteners and assemblies, welding equipment, adhesives, sealants, lubrication and cutting fluids, consumables, beverage packaging equipment, and other products. The company caters to automotive, food equipment, electronics, construction, and specialty products sectors.
TypePublic
Founded1912
HQGlenview, IL, USMap
Websiteitw.com
Overall CultureD+More
View Jobs (1,150)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2021)45,000(+5%)
Job Openings1,150
Revenue (FY, 2021)$14.5 B(+15%)
Share Price (May 2022)$203.2
Cybersecurity ratingAMore
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Key People/Management at Illinois Tool Works

Scott Santi

Scott Santi

Chairman and Chief Executive Officer
Mary K Lawler

Mary K Lawler

Senior Vice President and Chief Human Resources Officer
Michael M Larsen

Michael M Larsen

Senior Vice President and Chief Financial Officer
Axel R .J Beck

Axel R .J Beck

Executive Vice President
Sharon A Szafranski

Sharon A Szafranski

Executive Vice President
Lei Zhang Schlitz

Lei Zhang Schlitz

Executive Vice President
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Illinois Tool Works Office Locations

Illinois Tool Works has offices in Glenview, Hendersonville, Houston, Manchester and in 71 other locations
Glenview, IL, US (HQ)
155 Harlem Ave
Hendersonville, TN, US
31 Volunteer Dr
Houston, TX, US
16200 Park Row #120
Manchester, CT, US
375 New State Rd
San Luis Obispo, CA, US
125 Venture Dr #210
Solon, OH, US
6875 Parkland Blvd
Show all (83)

Illinois Tool Works Financials and Metrics

Illinois Tool Works Revenue

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Illinois Tool Works's revenue was reported to be $14.46 b in FY, 2021 which is a 15% increase from the previous period.
USD

Revenue (Q1, 2022)

3.9b

Gross profit (Q1, 2022)

1.6b

Gross profit margin (Q1, 2022), %

40.2%

Net income (Q1, 2022)

662.0m

EBIT (Q1, 2022)

895.0m

Market capitalization (24-May-2022)

63.3b

Closing stock price (24-May-2022)

203.2

Cash (30-Sept-2021)

2.0b

EV

68.9b
Illinois Tool Works's current market capitalization is $63.3 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

14.1b12.6b14.5b

Revenue growth, %

(4%)(11%)15%

Cost of goods sold

8.2b7.4b8.5b

Gross profit

5.9b5.2b6.0b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

3.2b2.6b3.3b3.5b3.7b3.6b3.9b

Cost of goods sold

1.9b1.6b1.9b2.0b2.2b2.1b2.4b

Gross profit

1.4b970.0m1.4b1.5b1.5b1.5b1.6b

Gross profit Margin, %

42%38%42%42%41%41%40%
show all
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

1.5b2.0b2.6b

Accounts Receivable

2.6b2.5b2.5b

Prepaid Expenses

334.0m296.0m264.0m

Inventories

1.3b1.2b1.2b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q3, 2021

Cash

1.8b1.7b1.8b1.4b1.8b2.2b2.0b

Accounts Receivable

2.7b2.6b2.5b2.4b2.2b2.5b2.7b

Prepaid Expenses

259.0m288.0m292.0m244.0m253.0m219.0m337.0m

Inventories

1.3b1.3b1.2b1.2b1.2b1.1b1.5b
show all
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

2.6b2.5b2.1b2.7b

Depreciation and Amortization

461.0m426.0m427.0m277.0m

Inventories

(108.0m)98.0m43.0m(450.0m)

Accounts Payable

(46.0m)(16.0m)19.0m37.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

597.0m1.2b1.9b566.0m885.0m1.5b671.0m1.4b2.1b

Depreciation and Amortization

110.0m217.0m321.0m104.0m204.0m322.0m100.0m202.0m306.0m

Inventories

(32.0m)11.0m31.0m(48.0m)(14.0m)50.0m(122.0m)(222.0m)(365.0m)

Accounts Payable

48.0m20.0m15.0m17.0m(76.0m)23.0m65.0m80.0m44.0m
show all
USDFY, 2018

Debt/Equity

2.3 x

Debt/Assets

0.5 x

Financial Leverage

4.6 x
Show all financial metrics

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
Show all operating metrics

Illinois Tool Works Acquisitions / Subsidiaries

Company NameDateDeal Size
MTS Systems.January 19, 2021
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
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Illinois Tool Works Revenue Breakdown

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Illinois Tool Works revenue breakdown by business segment: 13.4% from Construction Products, 14.4% from Food Equipment, 12.5% from Polymers & Fluids, 12.8% from Specialty Products, 16.2% from Test & Measurement and Electronics, 11.4% from Welding and 19.3% from Automotive OEM

Illinois Tool Works revenue breakdown by geographic segment: 19.4% from Asia Pacific, 26.8% from Europe, Middle East and Africa, 52.0% from North America and 1.8% from Other

Human Capital Metrics

Source: www.itw.com, www.itw.com, www.itw.com
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Illinois Tool Works Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

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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

    D+

    62/100

  • CEO Rating

    C

    66/100

  • Compensation

    C+

    65/100

  • Diversity

    C+

    67/100

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Illinois Tool Works News and Updates

May 06, 2022

ITW Board of Directors Declares Quarterly Dividend

The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) declared a dividend on the company's common stock of $1.22 per share for the second quarter of 2022. The dividend equates to $4.88 per share on a full-year basis. The dividend will be paid on July 14, 2022 to shareholders of record as of…
May 03, 2022

ITW Reports First Quarter 2022 Results

Illinois Tool Works Inc. (NYSE: ITW) today reported its first quarter 2022 results.
April 12, 2022

ITW Schedules First Quarter 2022 Earnings Webcast

Illinois Tool Works Inc. (NYSE: ITW) will issue its first quarter 2022 results on Tuesday, May 3, 2022 at 7:00 a.m. CDT. Following the release, ITW will hold its first quarter earnings webcast at 9:00 a.m. CDT.
March 06, 2022

Illinois Tool Works Entered The Dividend Buy Zone

One of the stocks people really care about is Illinois Tool Works (ITW). The last time I covered the stock was back in September of 2021, which means everyone who requested the company is right, as it's time to discuss this dividend growth beauty. The only reason I don't own ITW is that I have 50% i…
February 11, 2022

ITW Board of Directors Declares Quarterly Dividend

The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) declared a dividend on the company's common stock of $1.22 per share for the first quarter of 2022. The dividend equates to $4.88 per share on a full-year basis. The dividend will be paid on April 14, 2022 to shareholders of record as of…
February 03, 2022

ITW Reports Fourth Quarter and Full Year 2021 Results

Illinois Tool Works Inc. (NYSE: ITW) today reported its fourth quarter and full year 2021 results and initiated guidance for full year 2022.
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Illinois Tool Works Blogs

May 03, 2022

ITW Reports First Quarter 2022 Earnings

ITW Reports First Quarter 2022 Results Illinois Tool Works Inc. (NYSE: ITW) today reported its first quarter 2022 results. “In what remains a challenging and dynamic environment, our ITW business teams around the world continue to do an exceptional job of leveraging the performance power of the ITW …
March 29, 2022

The Global Impact of Women at ITW

March is Women’s History Month, a global celebration of women and their contributions to history, culture, and society. Championed by historian Gerda Lerner and the National Women’s History Alliance, Women’s History Month – which started as Women’s History Day – officially began in 1978 in Sonoma Co…
March 29, 2022

Innovation in Welding Technology

ITW is committed to making environmentally responsible products that offer proven performance. This commitment requires being on the cutting edge of innovation. To ensure our customers have the most sustainable welding solutions on the market, we are constantly reevaluating our portfolio of products…
March 29, 2022

Supporting Critical Needs in India

Around the world, ITW colleagues find meaningful ways to give back to the communities where they live and work. In India, the ITW Automotive Group is addressing critical needs through its community involvement efforts. In partnership with United Way Mumbai, the team met with the local hospital to as…
March 29, 2022

Fellowship Program Aims to “Do More” for African American Technicians

Introduced in 2020, ITW’s “Do More” Agenda reaffirms our commitment to promoting and supporting more  inclusive economic growth and opportunity in underserved communities. As part of this commitment, we have expanded our investment and engagement in organizations, programs and partnerships that impr…
October 28, 2021

ITW Reports Third Quarter 2021 Earnings

ITW Reports Third Quarter 2021 Results Illinois Tool Works Inc. (NYSE: ITW) today reported its third quarter 2021 results. “We saw continued strong growth momentum in six of our seven segments in the third quarter, while ourAutomotive OEM segment continued to be impacted by auto production reduction…
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 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 Scott Santi, Mary K Lawler and Michael M Larsen.

  • 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 $14.5 b.

  • What is Illinois Tool Works revenue per employee?

    Latest Illinois Tool Works revenue per employee is $321.2 k.

  • Who are Illinois Tool Works competitors?

    Competitors of Illinois Tool Works include American Axle & Manufacturing, Wurth Group and Siemens.

  • 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 offices in Glenview, Hendersonville, Houston, Manchester and in 71 other locations.

  • How many offices does Illinois Tool Works have?

    Illinois Tool Works has 83 offices.