Illinois Tool Works

What Illinois Tool Works does

Illinois Tool Works (NYSE: ITW) is a Fortune 300 global multi-industrial manufacturer founded in 1912 and headquartered in Glenview, Illinois, operating through 80+ decentralized divisions across seven segments: Automotive OEM, Food Equipment, Test & Measurement and Electronics, Welding, Polymers & Fluids, Construction Products, and Specialty Products. The company produces mission-critical industrial components and equipment including automotive fasteners and EV battery fastening solutions, commercial kitchen systems (Hobart, Vulcan), industrial X-ray and CT inspection systems (Instron, North Star Imaging, Loma Systems), welding equipment and robotic collaborative welding systems (Miller Electric's Copilot family, Venture battery-powered welders), construction fastening tools (Paslode, Ramset, Teks), polymers and adhesives, and specialty products such as resealable packaging (Zip-Pak, Hi-Cone), medical device components (ITW Medical, Filtertek), and aircraft ground support equipment (ITW GSE). Recent additions include pharmacy automation (RxSafe, acquired January 2024) and cleanroom consumables (Valutek, acquired December 2024).

ITW's core operating system is its proprietary 80/20 Front-to-Back business model combined with the Customer-Back Innovation (CBI) framework, which deploys direct enterprise sales engineers alongside customers to develop differentiated, patent-backed products and concentrate resources on the most profitable 20% of customers and products. The CBI process generates approximately 1,600+ new patent applications annually on top of a portfolio of roughly 2,500 granted and pending patents. Go-to-market combines direct enterprise field sales to automotive OEMs, food service chains, aerospace and medical device manufacturers with industrial distribution for MRO customers and retail channels (Home Depot, Amazon) for construction products; pricing is quote-based and customized, typically under multi-year contracts.

The company generated approximately $16 billion in FY2025 revenue at a 25.4% operating margin (Q1 2026), targets 26.5%-27.5% operating margin in 2026, and communicates a long-term ambition of $18.0 billion in revenue and $3.7 billion in earnings by 2029. ITW has raised dividends for 62 consecutive years (Dividend King status), with a quarterly dividend of $1.61 per share and approximately 79.8% institutional ownership. Geographic footprint spans 50+ countries with manufacturing and sales operations across North America, EMEA, Asia Pacific (notably a 12% growth China automotive OEM business), and Latin America.

Name

Illinois Tool Works

Legal name

Illinois Tool Works Inc.

Website

https://itw.com

Company type

Public

Founded year

1912

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Illinois Tool Works is a Fortune 300 multi-industrial manufacturer operating through 80+ divisions across seven segments (Automotive OEM, Food Equipment, Test & Measurement, Welding, Polymers & Fluids, Construction Products, Specialty Products), producing mission-critical components and equipment for automotive, construction, food service, aerospace, medical, and industrial customers globally.

Ownership category

akta.pro rank

Product category

Diversified Industrial Manufacturing

NAICS

Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632), Motor Vehicle Electrical and Electronic Equipment Manufacturing (336320), Motor Vehicle Parts Manufacturing (3363), Food Product Machinery Manufacturing (333241), Commercial and Service Industry Machinery Manufacturing (33331), Commercial and Service Industry Machinery Manufacturing (333310), Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511), All Other Industrial Machinery Manufacturing (333248)

SIC

General Industrial Machinery & Equipment (3560), Electronic Components & Accessories (3670), Miscellaneous Chemical Products (2890), General Industrial Machinery & Equipment, Nec (3569)

akta.pro primary industry

Passenger Vehicle Electrical & Electronics Manufacturing (ICE) (IMACAAAK)

akta.pro secondary industry

Aftermarket Fluids, Lubricants & Chemical Products Manufacturing (Oils/Coolants/Additives/Cleaners) (IMACANAK)

Keywords

• Industrial machinery manufacturing
• Automotive fasteners components
• Welding equipment solutions
• Food service equipment
• Construction fastening tools

Headquarters

HQ city

Glenview Nas

HQ country

United States

HQ region

North America

Offices13 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Industrial Products and Equipment Sales: ITW generates the vast majority of its ~$16 billion annual revenue through the sale of industrial products and equipment across seven segments: Automotive OEM, Food Equipment, Test & Measurement and Electronics, Welding, Polymers & Fluids, Construction Products, and Specialty Products. Products include automotive components, restaurant equipment, welding systems, construction fasteners, marking and coding equipment, and specialty packaging solutions.
2. Pharmacy Automation: ITW expanded into pharmacy automation through the acquisition of RxSafe, LLC in January 2024, which bolsters pharmacy automation capabilities. This represents a growing revenue stream in healthcare-adjacent industrial automation.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

ITW manufactures and sells diversified industrial products and equipment across seven segments: Automotive OEM (specialized fasteners and components), Food Equipment (commercial kitchen and cooking systems), Test & Measurement and Electronics (industrial inspection, testing, and CT systems), Welding (Miller Electric welding equipment), Polymers & Fluids (adhesives, sealants, fluids), Construction Products (Paslode and Ramset fastening tools), and Specialty Products (consumer packaging, medical devices, and aircraft ground support).

Product overview

Illinois Tool Works (ITW) is a diversified global industrial manufacturing company operating through seven industry-leading segments: Automotive OEM, Construction Products, Food Equipment, Polymers & Fluids, Specialty Products, Test & Measurement and Electronics, and Welding. The company leverages its proprietary ITW Business Model across more than 80 global divisions to provide differentiated industrial products and solutions. Key product brands include Miller Electric (welding equipment including Copilot robotic welding systems and Venture battery-powered welders), Paslode (construction fastening tools including cordless nailers), Instron and North Star Imaging (test and measurement/inspection systems with efX software), Hobart and Vulcan (food equipment), Hi-Cone and Zip-Pak (specialty packaging), ITW Medical (medical devices), and ITW GSE (aerospace ground support). ITW also produces fasteners, polymers, adhesives, and industrial components serving automotive, construction, food service, aerospace, medical, and general industrial markets.

Differentiator

Problem solved

Functional benefit

Brands

• Miller Electric: Welding equipment manufacturer producing welding solutions for various industrial applications
• Instron
• Paslode
• Hobart
• Hi-Cone
• Zippak
• Diagraph
• Filtertek
• ITW GSE
• ITW Hartness
• North Star Imaging
• Loma Systems

Products and services

• Automotive OEM Components
• Construction Products
• Food Equipment
• Polymers & Fluids
• Specialty Products
• Test & Measurement and Electronics
• Welding
• Miller Copilot Robotic Welding Family
• Miller Venture 150 T
• Teks Standing Seam Roofing Screw
• Ramset Cobra+ IFS Insulation Fastening System
• North Star Imaging efX Software

Quantifiable outcome

• Operating margin expansion of 60 basis points to 25.4% in Q1 2026, driven by 120 basis points from Enterprise Initiatives
• +3 more outcomes

Named customers6 records

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Ingredion IncorporatedminorStrategic or Co-development Partner · 11 June 2026Kenneth Escoe, Executive Vice President of Specialty Products at Illinois Tool Works, was appointed to the board of directors of Ingredion Incorporated, effective July 1, 2026. Escoe brings over a decade of experience leading commercial and operational functions in industrial manufacturing and food and beverage packaging.
• RxSafe, LLCcoreStrategic or Co-development PartnerITW acquired RxSafe, LLC in January 2024 to bolster pharmacy automation capabilities. RxSafe provides robotic medication dispensing and automated packaging solutions for pharmacy operations.
• Valutek Inc.coreStrategic or Co-development PartnerITW acquired Valutek Inc. in December 2024 to expand cleanroom technology capabilities. Valutek specializes in cleanroom consumables and solutions for pharmaceutical and biotechnology manufacturing.
• Home DepotcoreChannel Partner/ Reseller/ DistributorRamset, an ITW division, launched its Cobra+ IFS Insulation Fastening System available exclusively through Home Depot both online and in-store. Teks metal fastening products are also distributed through Home Depot, Amazon, and other building materials retailers.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Emerson Electric:

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/illinoistoolworks
• Instagraminstagram.com/illinoistoolworks
• Xx.com/ITWCareers
• Facebookfacebook.com/itwcareers

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries22 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A25 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Illinois Tool Works