ITW Q1 2024 Earnings — Illinois Tool Works Inc. Revenue & Financial Results | Market Cap Arena

ITWIllinois Tool Works Inc.

$80B

Q1 2024 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$4.0B-1.1% YoY

Gross Profit

$1.8B45.4% margin

Operating Income

$1.1B28.4% margin

Net Income

$819M20.6% margin

EPS (Diluted)

$2.73

QoQ Revenue Growth

-0.3%

Cash Flow

Operating Cash Flow

$589M

Free Cash Flow

$494M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$15.7B

Total Liabilities

$12.6B

Stockholders' Equity

$3.0B

Cash & Equivalents

$959M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.0B	$4.0B	-1.1%
Gross Profit	$1.8B	$1.6B	+9.5%
Operating Income	$1.1B	$972M	+15.9%
Net Income	$819M	$714M	+14.7%

Revenue Segments

Automotive OEM Segment

$816M21%

Test and Measurement and Electronics Segment

$696M17%

Food Equipment Segment

$631M16%

Construction Products Segment

$488M12%

Welding Segment

$476M12%

Specialty Products Segment

$440M11%

Polymers and Fluids Segment

$432M11%