Illinois Tool Works
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.
- Company typePublic
- Founded1912
- HeadquartersGlenview Nas, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
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.
Illinois Tool Works firmographics
Firmographics- 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
Illinois Tool Works industry classification
Industry- 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
Where Illinois Tool Works is headquartered
LocationHeadquarters
- HQ city
- Glenview Nas
- HQ country
- United States
- HQ region
- North America
Offices13 records
Markets served
Illinois Tool Works business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- 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.
- 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
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Customized enterprise pricing for industrial segments |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Illinois Tool Works product offering
Product offeringCore 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
Companies that use Illinois Tool Works
Customer profileNamed customers6 records
Segments7 records
Ideal customer profiles6 records
Illinois Tool Works technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Illinois Tool Works partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- Ingredion IncorporatedminorKenneth 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, LLCcoreITW 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.coreITW acquired Valutek Inc. in December 2024 to expand cleanroom technology capabilities. Valutek specializes in cleanroom consumables and solutions for pharmaceutical and biotechnology manufacturing.
- Home DepotcoreRamset, 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
Illinois Tool Works competitors and assessment
Company assessmentDirect peers
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Illinois Tool Works social profiles
Digital presenceIllinois Tool Works financial estimates
Financial estimateRevenue estimate
Valuation estimate
Illinois Tool Works leadership team
Management profileNumber of profiles
Profiles7 records
Illinois Tool Works subsidiaries and ownership
Company hierarchySubsidiaries22 records
Illinois Tool Works funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Illinois Tool Works M&A and investment
M&A and investmentM&A25 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Illinois Tool Works
What does Illinois Tool Works do?
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).
Is Illinois Tool Works a public or private company?
Illinois Tool Works is a public company. It is classified as public and is currently operating.
When was Illinois Tool Works founded?
Illinois Tool Works was founded in 1912. It employs 5,001 to 10,000 people.
Where is Illinois Tool Works based?
Illinois Tool Works is headquartered in Glenview Nas, United States, in the North America region.
How does Illinois Tool Works make money?
Two revenue lines are on record. Industrial Products and Equipment Sales are the primary driver. The others are pharmacy Automation.
Who are Illinois Tool Works's main competitors?
Emerson Electric is listed as a direct peer.
Does Illinois Tool Works have an API?
No public API is recorded for Illinois Tool Works.
What industry is Illinois Tool Works in?
Illinois Tool Works's product category is Diversified Industrial Manufacturing. Its primary akta.pro industry code is IMACAAAK, Passenger Vehicle Electrical & Electronics Manufacturing (ICE), with a secondary code of IMACANAK, Aftermarket Fluids, Lubricants & Chemical Products Manufacturing (Oils/Coolants/Additives/Cleaners). Its NAICS code is 33632 and its SIC code is 3560.