ITW Q2 2024 Earnings — Illinois Tool Works Inc. Revenue & Financial Results | Market Cap Arena

ITWIllinois Tool Works Inc.

$80B

Q2 2024 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$4.0B-1.2% YoY

Gross Profit

$1.7B43.2% margin

Operating Income

$1.1B26.2% margin

Net Income

$759M18.8% margin

EPS (Diluted)

$2.54

QoQ Revenue Growth

+1.4%

Cash Flow

Operating Cash Flow

$687M

Free Cash Flow

$571M

Stock-Based Comp.

$19M

Balance Sheet

Total Assets

$15.6B

Total Liabilities

$12.6B

Stockholders' Equity

$3.0B

Cash & Equivalents

$862M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.0B	$4.1B	-1.2%
Gross Profit	$1.7B	$1.7B	+2.4%
Operating Income	$1.1B	$1.0B	+4.4%
Net Income	$759M	$754M	+0.7%

Revenue Segments

Automotive OEM Segment

$815M20%

Test and Measurement and Electronics Segment

$678M17%

Food Equipment Segment

$667M17%

Construction Products Segment

$504M12%

Welding Segment

$466M12%

Polymers and Fluids Segment

$454M11%

Specialty Products Segment

$449M11%