ITW Q4 2023 Earnings — Illinois Tool Works Inc. Revenue & Financial Results | Market Cap Arena

ITWIllinois Tool Works Inc.

$80B

Q4 2023 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$4.0B+0.3% YoY

Gross Profit

$1.6B41.3% margin

Operating Income

$988M24.8% margin

Net Income

$717M18.0% margin

EPS (Diluted)

$2.38

QoQ Revenue Growth

-1.2%

Cash Flow

Operating Cash Flow

$1.0B

Free Cash Flow

$908M

Stock-Based Comp.

$17M

Balance Sheet

Total Assets

$15.5B

Total Liabilities

$12.5B

Stockholders' Equity

$3.0B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.0B	$4.0B	+0.3%
Gross Profit	$1.6B	$1.6B	+1.0%
Operating Income	$988M	$986M	+0.2%
Net Income	$717M	$907M	-20.9%

Revenue Segments

Automotive OEM Segment

$814M20%

Test and Measurement and Electronics Segment

$731M18%

Food Equipment Segment

$655M16%

Construction Products Segment

$459M12%

Welding Segment

$451M11%

Polymers and Fluids Segment

$440M11%

Specialty Products Segment

$437M11%