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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.

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Illinois Tool Works (NYSE: ITW) will release its second quarter 2024 financial results on Tuesday, July 30, 2024, at 7:00 a.m. CDT. The announcement will be followed by an earnings webcast at 9:00 a.m. CDT, accessible via the provided link. Participants can join the conference call by dialing specific numbers 10 minutes before the start time, using the passcode 'ITW'. Presentation materials and an audio replay will be available after the webcast. The audio replay will be accessible from July 30 to August 6 by dialing designated numbers with the passcode 2756156.

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Viad Corp (NYSE: VVI) has announced the promotion of Derek P. Linde to President of GES, effective June 3, 2024. Linde, currently the Chief Operating Officer at Viad, has been pivotal in advancing strategic goals and driving revenue growth, profitability, and cash flow. He has played a key role in launching the Spiro experiential marketing agency and implementing margin initiatives within GES Exhibitions. Linde, who joined Viad in 2018, has a background in legal leadership roles at Illinois Tool Works and Winston & Strawn LLP. His new role aims to capitalize on GES's global reach and growth opportunities.

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Illinois Tool Works Inc. (NYSE: ITW) announced a quarterly dividend of $1.40 per share for the 2nd quarter of 2024, totaling $5.60 per share annually. The dividend will be paid on July 11, 2024, to shareholders of record as of June 28, 2024.

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Miller Electric Mfg. releases the OptX™ 2kW handheld laser welder to address the shortage of skilled welders in the US and Canada, boosting productivity up to five to 10 times. The collaboration with IPG Photonics aims to provide cutting-edge technology for welding shops, enhancing worker capacity and productivity.

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Illinois Tool Works Inc. (NYSE: ITW) reported its first-quarter 2024 results, with revenue of $4.0 billion and a 0.6% decline in organic growth. Operating income increased by 16% to $1.13 billion, with a 420 bps increase in operating margin to 28.4%. GAAP EPS rose by 17% to $2.73, reaffirming full-year organic growth guidance of 1 to 3% and raising full-year GAAP EPS guidance by $0.30 to a range of $10.30 to $10.70 per share.

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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 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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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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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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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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FAQ

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.

Illinois Tool Works Inc.

NYSE:ITW

ITW Rankings

ITW Stock Data

73.22B
298.40M
0.73%
82.44%
1.68%
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