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Illinois Tool Works Inc - Stock Quote ITW

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Morningstar's Illinois Tool Works Inc Stock Analysis

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Economic Moat

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ITW Turns In Solid Performance in First Quarter, but We Affirm Long-Term View

Joshua Aguilar Senior Analyst

Business Strategy and Outlook

| Joshua Aguilar |

We view Illinois Tool Works as a well-run collection of moaty businesses. The company focuses on niche markets, with most of its activities centered on resolving its most valuable customers’ pain points. ITW’s products and services are designed to reduce customers’ costs, either through ease of use, which cuts down on training costs, ensuring compliance with environmental and safety standards through quality products, or eliminating steps in a manufacturing process or parts in an assembly.

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Key Statistics - ITW

Illinois Tool Works Inc's Company Profile

Business Description

Illinois Tool Works is a diversified global manufacturer that produces specialized industrial equipment, consumables, and related services. The firm operates 87 global divisions through seven distinct operating segments: automotive OEM, construction products, food equipment, specialty products, test/measurement and electronics, polymers and fluids, and welding. About half of its revenue comes from its operations in North America, with the remainder originating from international markets. ITW takes a bottom-up and decentralized approach to portfolio management, with the exception that each segment must apply its 80/20 operating process modeled on the Pareto principle.

Contact
155 Harlem Avenue
Glenview, IL, 60025
T +1 847 724-7500
Industry Specialty Industrial Machinery
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Cyclical
Employees 45,000

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