ITW Q2 2023 Earnings — Illinois Tool Works Inc. Revenue & Financial Results | Market Cap Arena

ITWIllinois Tool Works Inc.

$80B

Q2 2023 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$4.1B+1.6% YoY

Gross Profit

$1.7B41.7% margin

Operating Income

$1.0B24.8% margin

Net Income

$754M18.5% margin

EPS (Diluted)

$2.48

QoQ Revenue Growth

+1.4%

Cash Flow

Operating Cash Flow

$790M

Free Cash Flow

$705M

Stock-Based Comp.

$18M

Balance Sheet

Total Assets

$15.7B

Total Liabilities

$12.6B

Stockholders' Equity

$3.1B

Cash & Equivalents

$922M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.1B	$4.0B	+1.6%
Gross Profit	$1.7B	$1.6B	+7.3%
Operating Income	$1.0B	$926M	+9.1%
Net Income	$754M	$738M	+2.2%

Revenue Segments

Automotive OEM Segment

$826M20%

Test and Measurement and Electronics Segment

$700M17%

Food Equipment Segment

$654M16%

Construction Products Segment

$526M13%

Welding Segment

$490M12%

Polymers and Fluids Segment

$459M11%

Specialty Products Segment

$423M10%