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Enterprise Strategy

Reaching Our Full Potential

Delivering solid growth with best-in-class margins and returns.

Since 2013, we have been executing a strategy centered squarely on our commitment to leveraging the differentiated performance capabilities of the ITW Business Model to full potential across the company.

As a result, today the ITW Business Model is more powerful and our people are more skilled in applying it than ever before in our history.

When we launched our enterprise strategy, our stated goals were to deliver solid growth with best-in-class margins and returns. Since 2013, we have made significant progress toward achieving these goals. In 2019, ITW’s operating margins were the highest in our proxy peer group, we ranked number two in our peer group in return on capital performance, and in a challenging macro environment, we outgrew our markets by one percentage point.

Through the execution of our enterprise strategy, our aim is to position the company to deliver top-tier industrial sector performance over any five-year period regardless of the environment.

ITW’s Long-Term Annual Performance Targets

Incremental Margin