Illinois Tool Works Inc

ITW

Equity

ISIN US4523081093 / Valor 940785

New York Stock Exchange, Inc (2024-10-24)

USD 255.53-0.31%

Illinois Tool Works Inc
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About company

Illinois Tool Works Inc, founded in 1912, is a global multi-industry manufacturing leader with seven industry-leading segments. The company's differentiated and proprietary business model, known as the ITW Business Model, enables it to generate solid growth with best-in-class margins and returns. Specializing in a wide range of products and services, Illinois Tool Works Inc is known for its innovative approach to manufacturing across various industries.

Summarized from source with an LLMView SourceSector: Industrials

Revenue

In the second quarter of 2024, Illinois Tool Works Inc. reported revenue of $4.0 billion, which represents a decrease of 1% compared to the same period last year. The company experienced flat organic growth during this quarter.

Operating Income

Illinois Tool Works Inc. achieved an operating income of $1.05 billion in the second quarter of 2024, marking a 4.5% increase from the previous year. This growth contributed to a record operating margin of 26.2%, an improvement of 140 basis points.

Earnings Per Share

The GAAP earnings per share (EPS) for Illinois Tool Works Inc. in the second quarter of 2024 was $2.54, reflecting a 2% increase. Excluding a one-time tax item from 2023, the EPS saw a 5% rise.

Share Repurchases

During the second quarter of 2024, Illinois Tool Works Inc. repurchased $375 million worth of its own shares. This is part of the company's ongoing efforts to return value to shareholders.

Full-Year Guidance

Illinois Tool Works Inc. has updated its full-year 2024 GAAP EPS guidance to a range of $10.30 to $10.40 per share. This adjustment reflects current demand levels and improved margin performance, with the company projecting flat revenue and organic growth for the year.

Summarized from source with an LLMView Source

Key figures

14.6%1Y

13.8%3Y

59.6%5Y

Performance

15.8%1Y

21.3%3Y

26.4%5Y

Volatility