Illinois Tool Works Inc. (ITW) Bundle
A Brief History of Illinois Tool Works Inc. (ITW)
Company Overview
Illinois Tool Works Inc. (ITW) is a Fortune 500 diversified manufacturing company headquartered in Glenview, Illinois. Founded in 1912.
| Fiscal Year 2022 Key Metrics | Value |
|---|---|
| Revenue | $17.2 billion |
| Net Income | $2.4 billion |
| Total Employees | 45,000 |
| Global Locations | 55 countries |
Business Segments
- Automotive OEM
- Food Equipment
- Test & Measurement and Electronics
- Welding
- Polymers & Fluids
- Construction Products
- Specialty Products
Financial Performance
| Year | Revenue | Operating Margin |
|---|---|---|
| 2020 | $14.4 billion | 18.7% |
| 2021 | $16.1 billion | 21.3% |
| 2022 | $17.2 billion | 22.5% |
Stock Performance
NYSE Ticker: ITW
| Stock Metric | Value (as of January 2024) |
|---|---|
| Share Price | $243.57 |
| Market Capitalization | $67.3 billion |
| Dividend Yield | 2.3% |
Research and Development
Annual R&D Spending in 2022: $515 million
Global Presence
- Operations in 55 countries
- Approximately 45,000 employees worldwide
- Over 17,000 active patents
A Who Owns Illinois Tool Works Inc. (ITW)
Institutional Ownership
As of Q4 2023, institutional ownership of ITW stands at 79.24%.
| Top Institutional Shareholders | Shares Owned | Percentage |
|---|---|---|
| Vanguard Group Inc | 41,392,770 | 14.21% |
| BlackRock Inc. | 36,812,423 | 12.64% |
| State Street Corporation | 21,374,894 | 7.34% |
Major Shareholders
- Vanguard Total Stock Market Index Fund
- BlackRock Institutional Funds
- Capital World Investors
Insider Ownership
Insider ownership is approximately 0.4% as of 2024.
Public Float
Public float represents 99.6% of total shares outstanding, which is 290.85 million shares.
Ownership Distribution
| Ownership Category | Percentage |
|---|---|
| Institutional Investors | 79.24% |
| Individual Investors | 20.76% |
Illinois Tool Works Inc. (ITW) Mission Statement
Company Overview
Illinois Tool Works Inc. (ITW) reported annual revenue of $17.2 billion in 2023. The company operates across 45 countries with approximately 45,000 employees.
Core Business Segments
| Automotive OEM | $4.3 billion revenue |
| Food Equipment | $2.1 billion revenue |
| Welding | $1.8 billion revenue |
| Packaging | $5.6 billion revenue |
Strategic Priorities
- Decentralized business model
- 85/15 enterprise strategy
- Focus on innovation and customer solutions
Financial Performance
ITW's key financial metrics for 2023:
| Net Income | $2.4 billion |
| Operating Margin | 23.5% |
| Return on Invested Capital | 28.7% |
| Earnings Per Share | $8.72 |
Research and Development
R&D investment in 2023: $422 million, representing 2.5% of total revenue.
Global Presence
- Operations in 45 countries
- Approximately 17,000 patents
- 45,000 global employees
How Illinois Tool Works Inc. (ITW) Works
Company Overview
Illinois Tool Works Inc. (ITW) is a diversified manufacturing company headquartered in Glenview, Illinois. As of 2024, the company operates in 55 countries and generates annual revenue of $17.2 billion.
Business Segments
ITW operates across seven business segments:
- Automotive OEM
- Food Equipment
- Test & Measurement and Electronics
- Welding
- Polymers & Fluids
- Construction Products
- Specialty Products
Financial Performance
| Financial Metric | 2024 Value |
|---|---|
| Annual Revenue | $17.2 billion |
| Net Income | $2.3 billion |
| Operating Margin | 23.4% |
| Market Capitalization | $48.6 billion |
Operational Strategy
ITW employs a decentralized business model with 80 autonomous business units. Each unit operates with significant independence, focusing on local market needs and innovation.
Employee Statistics
| Employee Metric | 2024 Value |
|---|---|
| Total Employees | 45,000 |
| Global Locations | 55 countries |
Research and Development
ITW invests approximately 3.2% of annual revenue in research and development, which amounts to $550 million in 2024.
Global Presence
- North America: 65% of revenue
- Europe: 22% of revenue
- Asia Pacific: 10% of revenue
- Rest of World: 3% of revenue
How Illinois Tool Works Inc. (ITW) Makes Money
Revenue Breakdown by Business Segments
ITW operates through seven business segments, generating total revenue of $17.244 billion in 2023:
| Business Segment | 2023 Revenue | Percentage of Total Revenue |
|---|---|---|
| Automotive OEM | $4.329 billion | 25.1% |
| Food Equipment | $2.784 billion | 16.1% |
| Test & Measurement and Electronics | $2.538 billion | 14.7% |
| Welding | $2.358 billion | 13.7% |
| Polymers & Fluids | $2.103 billion | 12.2% |
| Construction Products | $1.998 billion | 11.6% |
| Specialty Products | $1.134 billion | 6.6% |
Geographic Revenue Distribution
ITW's geographic revenue breakdown for 2023:
| Region | Revenue | Percentage |
|---|---|---|
| United States | $10.346 billion | 60.0% |
| International Markets | $6.898 billion | 40.0% |
Profitability Metrics
- Net Income in 2023: $2.542 billion
- Operating Margin: 24.1%
- Gross Profit Margin: 45.3%
- Return on Equity (ROE): 52.7%
Key Financial Performance
2023 financial highlights:
- Total Assets: $22.487 billion
- Total Shareholders' Equity: $6.782 billion
- Cash and Cash Equivalents: $1.843 billion
- Operating Cash Flow: $3.276 billion
Operational Strategy
ITW utilizes a 80/20 business model, focusing on core products and customers across its seven business segments.
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