Illinois Tool Works Inc.

Headquarters: Glenview, IL, United States

Founded: 1912

Employees: 45,000

CEO: Mr. E. Scott Santi

NYSE: ITW -1.62%

Market Cap

$78.04 Billion

USD as of Jan. 1, 2024

Market Cap History

Company Description

Illinois Tool Works Inc., more simply known as ITW, is a diversified company producing automotive equipment, construction products, food equipment, polymers and fluids, specialty products, test and measurement electronics, and welding equipment. Founded in 1912, ITW has grown to operate in more than 50 countries around the world.

Illinois Tool Works Inc. market capitalization over time

Evolution of Illinois Tool Works Inc. market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

Market Cap History of Illinois Tool Works Inc.

Detailed Description

Illinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses. The Food Equipment segment provides warewashing, refrigeration, cooking, and food processing equipment; kitchen exhaust, ventilation, and pollution control systems; and food equipment maintenance and repair services. The Test & Measurement and Electronics segment produces and sells equipment, consumables, and related software for testing and measuring of materials and structures, as well as equipment and consumables used in the production of electronic subassemblies and microelectronics. The Welding segment produces arc welding equipment; and metal arc welding consumables and related accessories. The Polymers & Fluids segment produces adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance. The Construction Products segment offers engineered fastening systems and solutions for the residential construction, renovation/remodel, and commercial construction markets. The Specialty Products segment offers beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. It serves the automotive OEM/tiers, commercial food equipment, construction, general industrial, and automotive aftermarket end markets. The company distributes its products directly to industrial manufacturers, as well as through independent distributors. Illinois Tool Works Inc. was founded in 1912 and is based in Glenview, Illinois.

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Stocks & Indices

Illinois Tool Works Inc. has the following listings and related stock indices.

Stock: NYSE: ITW wb_incandescent

Stock: Bovespa: I1TW34 wb_incandescent

Stock: XETR: ILT wb_incandescent

Key People

Founder(s): Byron L. Smith

E. Scott Santi (CEO)


Revenue: US$14.1B (2019)



155 Harlem Avenue

Glenview, IL 60025-4075

United States

Phone: 847 724 7500