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Illinois Tool Works Inc. - ITW STOCK NEWS

Welcome to our dedicated page for Illinois Tool Works news (Ticker: ITW), a resource for investors and traders seeking the latest updates and insights on Illinois Tool Works stock.

Illinois Tool Works Inc. (ITW) is a globally diversified manufacturer of specialized industrial equipment, consumables, and related services. Established as a leader in the industrial sector, ITW operates through seven distinct segments: Automotive OEM, Construction Products, Food Equipment, Specialty Products, Test & Measurement and Electronics, Polymers and Fluids, and Welding. This comprehensive range allows the company to serve a broad array of industries and markets.

About half of ITW's revenue is generated from its North American operations, while international markets, including Europe, the Middle East, and Africa, contribute approximately 25% of the total revenue. The company's decentralized structure facilitates flexibility and responsiveness across its 84 global divisions. Each segment adheres to ITW’s unique 80/20 operating process, inspired by the Pareto principle, to drive efficiency and innovation.

Latest Achievements

ITW continues to expand its portfolio with a strategic focus on organic growth and innovation. Recent partnerships and collaborative projects have bolstered its market position and diversified its product offerings. The company has also made significant strides in sustainability, aiming to reduce its environmental footprint through innovative manufacturing processes and materials.

Financially, ITW is robust, with consistent revenue streams and strong market presence. The firm's strategy of focusing on high-growth areas and investing in R&D ensures continuous improvement and competitive edge.

For those looking to stay updated on ITW’s latest news and developments, the company’s media and investor relations contacts are available for inquiries and information dissemination.

News

ITW Schedules First Quarter 2024 Earnings Webcast

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Illinois Tool Works Inc. (ITW) to announce first quarter 2024 results on April 30, 2024, followed by an earnings webcast. Participants can access the webcast and presentation materials online.
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ITT Names Michael Guhde President of Connect & Control Technologies (CCT) Business

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ITT Inc. appoints Michael G. Guhde as president of Connect & Control Technologies, bringing vast experience in component manufacturing. Guhde's track record includes driving growth, innovation, and customer satisfaction in previous roles.
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ITW Board of Directors Declares Quarterly Dividend

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Illinois Tool Works Inc. (ITW) declares a dividend of $1.40 per share for the first quarter of 2024, totaling $5.60 per share annually. The dividend payment will be made on April 11, 2024, to shareholders of record as of March 29, 2024.
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ITW Reports Fourth Quarter and Full Year 2023 Results

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Illinois Tool Works Inc. (NYSE: ITW) reported its fourth quarter and full year 2023 results, with revenue of $4.0 billion in Q4 and $16.1 billion for the full year. Operating margin increased to 25.1% in 2023, and the company initiated guidance for 2024, projecting revenue growth of 2 to 4% and GAAP EPS of $10.00 to $10.40 per share.
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ITW Schedules Fourth Quarter and Full Year 2023 Earnings Webcast

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Illinois Tool Works Inc. (ITW) is set to release its fourth quarter and full year 2023 financial results on February 1, 2024. The earnings webcast will follow the release, providing investors and analysts with valuable insights into the company's performance. Participants can access the webcast and conference call using the provided links and dial-in numbers. Presentation materials and an audio webcast replay will be available on the investor relations website, offering a comprehensive overview of the earnings report.
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ITW Board of Directors Declares Quarterly Dividend

Rhea-AI Summary
Illinois Tool Works Inc. (NYSE: ITW) declares a dividend of $1.40 per share for Q4 2023, totaling $5.60 per share for the full year. Payment will be made on January 11, 2024, to shareholders of record as of December 29, 2023.
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ITW Reports Third Quarter 2023 Results

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Illinois Tool Works Inc. reports Q3 2023 results with revenue of $4.0 billion, a 0.5% increase. Operating income increased 9% to $1.1 billion, and operating margin expanded 200 bps to 26.5%. GAAP EPS grew 9% to $2.55. Full year GAAP EPS guidance range narrowed to $9.65 to $9.85 per share.
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ITW Schedules Third Quarter 2023 Earnings Webcast

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Illinois Tool Works Inc. will release its Q3 2023 results on October 24, 2023. Earnings webcast to follow at 9:00 a.m. CDT.
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ITW Announces CEO Succession Plan

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ITW announces succession plan. Christopher A. O’Herlihy to become CEO, E. Scott Santi to become Non-Executive Chairman. Transition supports ITW's Enterprise Strategy. O’Herlihy has been with ITW for 34 years. Santi's tenure increased market cap from $23B to $74B.
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Miller Announces New Millermatic® 142 MIG Welder

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Miller Electric Mfg. LLC has released the new Millermatic 142 MIG welder, a lightweight machine in the 140-amp class. The machine is easy to set up and use, with Auto-Set™ technology and a digital segment display. It weighs less than 40 pounds and has a rated output of 100 amps at 60% duty cycle. The Millermatic 142 replaces the Millermatic 141 in the lineup.
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FAQ

What is the current stock price of Illinois Tool Works (ITW)?

The current stock price of Illinois Tool Works (ITW) is $270.62 as of November 15, 2024.

What is the market cap of Illinois Tool Works (ITW)?

The market cap of Illinois Tool Works (ITW) is approximately 79.7B.

What does Illinois Tool Works Inc. (ITW) manufacture?

ITW manufactures specialized industrial equipment, consumables, and related services across seven segments including Automotive OEM, Food Equipment, and Welding.

How is ITW's revenue distributed geographically?

About half of ITW's revenue comes from North America, with the remainder mainly from Europe, the Middle East, and Africa.

What are the main segments ITW operates in?

ITW operates in seven segments: Automotive OEM, Construction Products, Food Equipment, Specialty Products, Test & Measurement and Electronics, Polymers and Fluids, and Welding.

What is the 80/20 operating process?

The 80/20 operating process is a strategy based on the Pareto principle, focusing on the 20% of activities that generate 80% of results to drive efficiency and innovation.

How does ITW approach sustainability?

ITW aims to reduce its environmental footprint through innovative manufacturing processes and materials, emphasizing sustainability in its growth strategy.

Where can I find the latest news and updates about ITW?

The latest news and updates about ITW can be obtained through their media and investor relations contacts available on their official website.

What is ITW’s approach to portfolio management?

ITW employs a bottom-up and decentralized approach to portfolio management, with each segment applying the 80/20 operating process.

Who are the primary contacts for media and investor relations at ITW?

Media inquiries can be directed to tel: 224.661.7451, mediarelations@itw.com, and investor relations to tel: 224.661.7433, investorrelations@itw.com.

What recent achievements has ITW made?

ITW has expanded its portfolio through strategic organic growth, innovative collaborations, and a strong focus on sustainability and R&D.

How does ITW ensure continuous improvement and competitive edge?

ITW ensures continuous improvement by investing in R&D, focusing on high-growth areas, and adhering to the 80/20 operating process to drive efficiency.

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Illinois Tool Works Inc.

NYSE:ITW

ITW Rankings

#170 Ranked by Market Cap
#1307 Ranked by Dividends

ITW Stock Data

79.74B
295.30M
0.74%
83.6%
2.11%
Specialty Industrial Machinery
General Industrial Machinery & Equipment
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United States of America
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