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Illinois Tool Works
Industrial Manufacturing

Illinois Tool Works Company Overview

Illinois Tool Works logo

Illinois Tool Works

● Active
Industrial Manufacturing · Glenview, IL · Est. 1912
IndustrialManufacturingWeldingAutomotiveDiversified↗ Website
$68.2B
Valuation
$16.2B
Revenue
44k+
Employees
1912
Founded

Illinois Tool Works (ITW) is a Fortune 200 diversified manufacturing company operating 84 divisions across seven business segments including Automotive OEM, Food Equipment, Test & Measurement, Welding, Polymers & Fluids, Construction Products, and Specialty Products. ITW's 80/20 business simplification model and customer-back innovation approach drive industry-leading operating margins, generating over $16B in annual revenue from highly engineered, differentiated products sold to industrial and consumer markets globally.

Recent Press
5 items
Press Release·2026-02-03
ITW Reports Fourth Quarter and Full Year 2025 Results; Initiates 2026 Guidance
Illinois Tool Works reported fourth-quarter 2025 revenue of $4.1 billion with GAAP EPS of $2.72 and full-year revenue of $16.0 billion. The company initiated 2026 guidance of GAAP EPS of $11.00–$11.40 and revenue growth of 2–4%.
Press Release·2025-10-24
ITW Reports Third Quarter 2025 Results
Illinois Tool Works reported third-quarter 2025 financial results with operating margin of approximately 26%, continued progress on enterprise initiatives, and all seven segments delivering positive performance in line with full-year guidance.
Press Release·2025-08-01
ITW Board of Directors Approves 7% Dividend Rate Increase for Third Quarter 2025
The ITW Board of Directors approved a 7% increase in the quarterly dividend to $1.61 per share, up $0.11 from the previous rate of $1.50 per share, reflecting the company's strong cash generation and long-term commitment to growing shareholder returns.
Press Release·2025-07-25
ITW Reports Second Quarter 2025 Results; Raises Full-Year EPS Guidance
Illinois Tool Works reported second-quarter 2025 EPS of $2.58 and announced a share repurchase program of approximately $1.5 billion for the year, while raising full-year guidance on the strength of enterprise-led margin improvement across its seven segments.
Press Release·2025-04-28
ITW Reports First Quarter 2025 Results
Illinois Tool Works reported first-quarter 2025 financial results, demonstrating continued operational excellence across its diversified industrial portfolio with resilient margins and disciplined capital allocation.
Company History
10 milestones
Byron Smith and Oscar Ludwing founded Illinois Tool Works in Chicago to manufacture twist drills and metal-cutting tools, establishing the precision manufacturing heritage that would grow into one of the world's most profitable industrial conglomerates.

Illinois Tool Works Organization Structure & Team

Org Chart
44,000 employees · Click a leader to explore their team
37,100 across 12 departments
Chief Executive Officer
Christopher A. O'Herlihy
Michael M. Larsen — Departments
· 37100 people across 12 depts

Illinois Tool Works Financials, Revenue & Market Share

Annual Revenue
$16.2B
+2% vs prior year
YoY Growth
+2%
From $14.5B to $16.2B
Revenue / Employee
$361K
Annual revenue per full-time employee
Revenue Growth
2021
2022
2023
2024
2025
$14.5B
$15.9B
$16.1B
$15.9B
$16.2B
Market Share
Commercial Food Equipment
22%
share
Illinois Tool Works
22%
Emerson Electric
14%
Parker Hannifin
12%
Danaher
11%
Roper Technologies
8%
$320B
TAM
$72B
SAM
$15.9B
SOM
Revenue Streams
Automotive OEM26%
Food Equipment20%
Test & Measurement and Electronics16%
Welding15%
Polymers & Fluids12%
Construction Products7%
Specialty Products4%
Business Units
Automotive OEM Segment26%
ITW's largest segment supplying engineered components and systems directly to automotive OEM assembly plants under long-term agreements, with content across body, interior, powertrain, and chassis applications.
Food Equipment Segment20%
Hobart brand commercial food equipment and warewashing systems, with recurring aftermarket parts and service revenue providing a high-quality earnings stream from the installed base.
Test & Measurement / Electronics Segment16%
Instron and Buehler precision testing equipment for materials characterization, alongside EAE and Shakeproof electronics assembly solutions, serving research and manufacturing quality markets.
Welding Segment15%
Miller Electric welding power sources and Hobart Brothers consumables serving industrial, automotive, and construction fabrication markets through distributor and direct channels.
Other Segments (Polymers, Construction, Specialty)23%
Polymers & Fluids (Permatex, Devcon), Construction Products (Paslode, Red Head), and Specialty Products representing ITW's remaining diversified industrial portfolio.

Illinois Tool Works Internal Tools & Processes

Internal Tools
12 departments
Automotive OEM Engineering3800 people · 3 roles
Standards & Certifications
10 standards
Compliance frameworks, security audits, and quality certifications this company maintains.
Quality
ISO 9001:2015
Certified
Illinois Tool Works' manufacturing divisions maintain ISO 9001:2015 quality management system certification across its global production sites, ensuring consistent process controls and customer satisfaction standards for engineered products spanning automotive fasteners, welding equipment, and food service machinery.
Quality
IATF 16949
Certified
ITW's Automotive OEM segment facilities are certified to IATF 16949, the automotive quality management system standard, enabling ITW to supply engineered plastic and metal components, seals, and fasteners directly to global automotive OEM assembly plants under strict APQP and PPAP requirements.
Environmental
ISO 14001:2015
Certified
ITW operates ISO 14001:2015 certified environmental management systems at major manufacturing facilities, supporting its commitment to reduce energy consumption, minimize waste generation, and lower greenhouse gas emissions across its 84-division global manufacturing footprint.
Safety
NSF/ANSI 2
Certified
ITW's Hobart food equipment products are certified to NSF/ANSI 2 Food Equipment standards, ensuring that commercial mixers, slicers, dishwashers, and food preparation equipment meet food safety material and design requirements for use in restaurants, schools, hospitals, and food processing facilities.
Safety
UL 551 (Welding Equipment)
Certified
ITW's Miller Electric welding power sources and wire feeders are certified to UL 551 and IEC 60974 electrical safety standards, ensuring that Miller MIG, TIG, and stick welding machines meet arc welding power source safety requirements for sale in North American and international markets.
Safety
ISO 45001:2018
Certified
ITW has implemented ISO 45001:2018 occupational health and safety management systems at its manufacturing sites, reflecting its company-wide commitment to zero serious injuries and supporting continuous improvement in workplace safety performance across its 300+ global facilities.
Environmental
RoHS / REACH
Compliant
ITW ensures compliance with EU RoHS and REACH chemical regulations across its polymers, adhesives, and electronic product lines, maintaining substance declaration programs to meet customer requirements from automotive OEMs and electronics manufacturers operating in European markets.
Quality
ISO/IEC 17025
Certified
ITW's Instron testing laboratory and calibration services division maintains ISO/IEC 17025 accreditation, demonstrating the technical competence to produce precise, valid test and calibration data for materials testing machines used in aerospace, automotive, and research applications.
Security
SOC 2 Type II
Certified
ITW's connected product and enterprise software platforms, including Hobart eService and Miller Electric ArcReach connected welding systems, maintain SOC 2 Type II certification for data security, availability, and confidentiality controls protecting customer operational and diagnostic data.
Environmental
ENERGY STAR Partner
Compliant
ITW's Hobart food equipment division is an ENERGY STAR partner, with multiple Hobart dishwasher and warewashing models earning ENERGY STAR certification for demonstrating superior energy and water efficiency versus federal minimum standards in commercial food service operations.

Illinois Tool Works Interview Preparation

Interview Prep
Role-specific interview questions and keywords. Select a department, then click any role to prepare.
Automotive OEM Engineering· 3 roles

Illinois Tool Works Products & Competitors

Product Suite
5 products · select one to explore
Industrial Manufacturing
Hardware
Hobart HL662 Planetary Mixer
The Commercial Standard Since 1897

The Hobart HL662 is a 60-quart commercial planetary mixer built for high-volume foodservice operations, featuring a 2.5 HP motor and programmable speed controls. It is the benchmark mixer in restaurant chains, hotel kitchens, and institutional foodservice for mixing doughs, batters, and whipped products at scale.

Use Cases
Batch-mixing pizza dough for high-volume quick-service restaurant chains using timed speed programsWhipping large quantities of cream and meringue for hotel banquet pastry productionMixing ground meat and seasoning blends for institutional cafeteria burger patty preparation
No image
Key Customers
MCD
McDonald's
MAR
Marriott International
ARMK
Aramark
Competitive Intelligence
VSGlobe Food Equipment SP80
THEM

Globe's SP80 is an 80-quart spiral mixer designed for artisan bakeries and pizzerias requiring gentle, low-heat dough development at high capacities with a fixed bowl.

EDGE

Broader speed range (1–325 RPM) with programmable timers and optional bowl guard interlock

VSVollrath Redco MixerPro
THEM

Vollrath's MixerPro line offers 20- to 60-quart commercial planetary mixers positioned as a lower-cost alternative for smaller foodservice operations.

EDGE

Superior motor durability with cast-iron gear transmission and NSF/ANSI 2 certification for direct food-contact compliance

VSUnivex SM60P
THEM

Univex's SM60P is a 60-quart planetary mixer targeted at bakeries and mid-size commercial kitchens, offering stainless steel construction and a three-speed direct-drive motor.

EDGE

Deeper ITW foodservice ecosystem integration with Hobart dishwashers, slicers, and warewashing equipment for unified service contracts

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