Illinois Tool Works Inc. company profile: Financials, acquisitions, and more

Business description

Illinois Tool Works Inc. (ITW) is a diversified industrial manufacturing company headquartered in Glenview, Illinois, United States, and founded in 1912. The company delivers engineered technology solutions and specialty products across sectors such as automotive, construction, and food processing. Under CEO Mark D. Schneider’s leadership since 2019, ITW has bolstered its market position through strategic acquisitions and operational efficiencies. It continues to drive growth by investing in digital transformation and sustainability initiatives.

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Everything on Illinois Tool Works Inc.

Financials

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Revenue (FY2025) $16.04B

YoY growth +0.9%

Operating margin 26.3%

Direction Expanding

Gross margin 44.1%

Net margin 19.1%

Earnings Transcripts

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Q1 2026 View transcript Q4 2025 View transcript Q3 2025 View transcript Q2 2025 View transcript

Leadership & board

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E. Scott SantiNon-Executive Chairman of the Board (Retired CEO)

Christopher A. O'HerlihyPresident & Chief Executive Officer

Richard H. LennyIndependent Lead Director

Daniel J. BruttoDirector

Susan CrownDirector

Darrell L. FordDirector

Kelly J. GrierDirector

James W. GriffithDirector

Jay L. HendersonDirector

Jaime IrickDirector

Jennifer F. ScanlonDirector (New Nominee)

David B. Smith, Jr.Director

Pamela B. StrobelDirector

Michael M. LarsenSenior Vice President & Chief Financial Officer

Axel R. J. BeckExecutive Vice President

T. Kenneth EscoeExecutive Vice President

Mary K. LawlerSenior Vice President & Chief Human Resources Officer

Acquisitions

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Illinois Tool Works acquires Test & Simulation business of MTS Systems Corporation (MTS)Test & Measurement and Electronics · 2021 View full deal Illinois Tool Works acquires ZF TRW Engineered Fasteners and Components business (EF&C)Automotive OEM · 2016 View full deal Illinois Tool Works acquires Click Commerce, Inc.Supply/demand chain management software · 2006 View full deal Illinois Tool Works acquires Foilmark, Inc.Specialty graphics / decorating products · 2001 View full deal Illinois Tool Works acquires Premark International, Inc.Food Equipment; Decorative Surfaces; Consumer Products · 1999 View full deal

Share repurchases

ITW's 2023 program (announced August 4, 2023) authorizes repurchases of up to $5.0 billion; approximately $1.6 billion remained available as of March 31, 2026, and the company repurchased $1.5 billion of common stock in fiscal 2025.

$5.0B

Authorized

$1.6B

Remaining

$1.5B

Repurchased (latest FY)

Competitors

Named competitors

Lincoln Electric Holdings, Inc.ESAB Corporation

Recent SEC filings

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2026-05-22 Leadership change (directors/officers) View filing ↗

2026-05-12 Shareholder vote results View filing ↗

2026-04-30 Reported quarterly results View filing ↗

2026-02-23 Entered a material agreement (+2 more) View filing ↗

2026-02-03 Reported quarterly results View filing ↗

2025-10-24 Reported quarterly results View filing ↗

2025-07-30 Reported quarterly results View filing ↗

2025-05-07 Shareholder vote results View filing ↗

2025-04-30 Reported quarterly results View filing ↗

2025-02-27 Entered a material agreement View filing ↗

2025-02-05 Reported quarterly results View filing ↗

2024-10-30 Reported quarterly results View filing ↗