Discover ITW
Entrepreneurial. Innovative. Everywhere.
We think and act like entrepreneurs and create innovative solutions to solve our customers’ challenges.
Illinois Tool Works Inc. (NYSE: ITW) is a Fortune 200 global multi-industry manufacturing leader with revenue of $16.1 billion in 2023. The company’s seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. ITW’s approximately 45,000 dedicated colleagues around the world thrive in the company’s decentralized and entrepreneurial culture.
From state-of-the-art dishwashers, ovens and refrigerators in restaurants and hotels, to automobile components inside vehicles all over the world ... the products we manufacture and the solutions we design are all around us. The buildings where we live and work are built with ITW construction and welding products, and our ITW test & measurement solutions help to ensure the quality and safety of millions of products.
Discover ITW
ITW Business Model
The ITW Business Model is a powerful and proprietary set of practices comprised of three elements:
- The ITW 80/20 Front-to-Back Process is a set of tools and methodologies that we apply in every division
- Customer-Back Innovation is a key contributor to driving profitable growth at ITW
- Our Decentralized, Entrepreneurial Culture defines who we are as a company, how we lead and how we make decisions
ITW’s Business Segments
ITW's seven market-leading business segments operate in different industries but all share fundamental characteristics:
- End-markets with strong and sustainable differentiated attributes
- Positive long-term macro fundamentals
- Strong and durable competitive advantages with relevance to key end-market trends
- Significant potential for ITW to drive abovemarket organic growth over the long term
- Ability to leverage the ITW Business Model to generate consistent best-in-class margins and returns
ITW's Enterprise Strategy
Since 2012, we have been executing a strategy that positions ITW to generate solid growth with best-in-class margins and returns in an increasingly competitive and uncertain global market environment.
In 2024, we launched the Next Phase of our Enterprise Strategy, with organic growth as our highest priority. By 2030, we will build organic growth into a core ITW strength on par with our best-in-class financial performance and operational proficiency.
GLOBAL & DIVERSE
51
Countries
~45,000
Employees
~19,600
Granted & Pending Patents
Revenue by Geography
54%
North America
26%
Europe, Middle East, & Africa
20%
Asia Pacific & Other
