ITW Q3 2023 Earnings — Illinois Tool Works Inc. Revenue & Financial Results | Market Cap Arena

ITWIllinois Tool Works Inc.

$80B

Q3 2023 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$4.0B+0.5% YoY

Gross Profit

$1.7B41.8% margin

Operating Income

$1.1B26.5% margin

Net Income

$772M19.2% margin

EPS (Diluted)

$2.55

QoQ Revenue Growth

-1.1%

Cash Flow

Operating Cash Flow

$982M

Free Cash Flow

$856M

Stock-Based Comp.

$17M

Balance Sheet

Total Assets

$15.4B

Total Liabilities

$12.4B

Stockholders' Equity

$3.0B

Cash & Equivalents

$990M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.0B	$4.0B	+0.5%
Gross Profit	$1.7B	$1.6B	+4.9%
Operating Income	$1.1B	$983M	+8.9%
Net Income	$772M	$727M	+6.2%

Revenue Segments

Automotive OEM Segment

$799M20%

Test and Measurement and Electronics Segment

$698M17%

Food Equipment Segment

$678M17%

Construction Products Segment

$522M13%

Welding Segment

$468M12%

Polymers and Fluids Segment

$458M11%

Specialty Products Segment

$414M10%