ITW Q1 2023 Earnings — Illinois Tool Works Inc. Revenue & Financial Results | Market Cap Arena

ITWIllinois Tool Works Inc.

$80B

Q1 2023 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$4.0B+2.0% YoY

Gross Profit

$1.6B41.0% margin

Operating Income

$972M24.2% margin

Net Income

$714M17.8% margin

EPS (Diluted)

$2.33

QoQ Revenue Growth

+1.2%

Cash Flow

Operating Cash Flow

$728M

Free Cash Flow

$615M

Stock-Based Comp.

$17M

Balance Sheet

Total Assets

$15.9B

Total Liabilities

$12.8B

Stockholders' Equity

$3.1B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.0B	$3.9B	+2.0%
Gross Profit	$1.6B	$1.5B	+6.5%
Operating Income	$972M	$895M	+8.6%
Net Income	$714M	$662M	+7.9%

Revenue Segments

Automotive OEM Segment

$796M20%

Test and Measurement and Electronics Segment

$703M17%

Food Equipment Segment

$635M16%

Construction Products Segment

$526M13%

Welding Segment

$493M12%

Polymers and Fluids Segment

$447M11%

Specialty Products Segment

$423M11%