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Illinois Tool Works Inc.: Update to credit analysis

Our credit view of this issuer reflects its strong free cash flow and disciplined financial policies, constrained by its exposure to cyclical end markets.

 PRESS RELEASE

ITW Schedules First Quarter 2024 Earnings Webcast

ITW Schedules First Quarter 2024 Earnings Webcast GLENVIEW, Ill., April 11, 2024 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) will issue its first quarter 2024 results on Tuesday, April 30, 2024 at 7:00 a.m. CDT. Following the release, ITW will hold its first quarter 2024 earnings webcast at 9:00 a.m. CDT. To access the webcast for the event, please click on the following link: If you are a participant on the conference call, please dial 1-888-660-6652 (domestic) or 1-646-960-0554 (international) 10 minutes prior to the 9:00 a.m. CDT start time. The passcode is “ITW.” Follo...

Moody's Ratings announces completion of a periodic review of ratings o...

Moody's Ratings has completed a periodic review of the ratings of Illinois Tool Works Inc. and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 5 April 2024 in which Moody's Ratings reassessed the appropriateness of the ratings in the c...

 PRESS RELEASE

ITW Board of Directors Declares Quarterly Dividend

ITW Board of Directors Declares Quarterly Dividend GLENVIEW, Ill., Feb. 09, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) declared a dividend on the company's common stock of $1.40 per share for the first quarter of 2024. The dividend equates to $5.60 per share on a full-year basis. The dividend will be paid on April 11, 2024 to shareholders of record as of March 29, 2024. About Illinois Tool WorksITW (NYSE: ITW) is a Fortune 200 global multi-industry manufacturing leader with revenue of $16.1 billion in 2023. The company’s seven industry-leading...

 PRESS RELEASE

ITW Reports Fourth Quarter and Full Year 2023 Results

ITW Reports Fourth Quarter and Full Year 2023 Results Fourth Quarter 2023 Highlights Revenue of $4.0 billion, essentially flatOperating margin of 24.8% as enterprise initiatives contributed 150 bpsGAAP EPS of $2.38 included $(0.04) impact from the devaluation of Argentina’s currency 2023 Highlights Revenue of $16.1 billion, an increase of 1% with organic growth of 2%Operating income of $4 billion, an increase of 7%Operating margin of 25.1%, an increase of 130 bpsGAAP EPS of $9.74, an increase of 6% excluding $0.60 of divestiture gains in 2022 2024 Guidance Revenue growth of 2 to 4% wit...

MarketLine Department
  • MarketLine Department

Lincoln Electric Holdings, Inc. - Mergers & Acquisitions (M&A), Partne...

Summary Marketline's Lincoln Electric Holdings, Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Lincoln Electric Holdings, Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships...

 PRESS RELEASE

ITW Schedules Fourth Quarter and Full Year 2023 Earnings Webcast

ITW Schedules Fourth Quarter and Full Year 2023 Earnings Webcast GLENVIEW, Ill., Jan. 18, 2024 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) will issue its fourth quarter and full year 2023 results on Thursday, February 1, 2024 at 7:00 a.m. CST. Following the release, ITW will hold its fourth quarter and full year 2023 earnings webcast at 9:00 a.m. CST. To access the webcast for the event, please click on the following link: If you are a participant on the conference call, please dial 1-888-660-6652 (domestic) or 1-646-960-0554 (international) 10 minutes prior to the 9:00 a.m...

 PRESS RELEASE

ITW Board of Directors Declares Quarterly Dividend

ITW Board of Directors Declares Quarterly Dividend GLENVIEW, Ill., Oct. 26, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) declared a dividend on the company's common stock of $1.40 per share for the fourth quarter of 2023. The dividend equates to $5.60 per share on a full-year basis. The dividend will be paid on January 11, 2024 to shareholders of record as of December 29, 2023. About Illinois Tool WorksITW (NYSE: ITW) is a Fortune 200 global multi-industry manufacturing leader with revenue of $15.9 billion in 2022. The company’s seven industry-l...

 PRESS RELEASE

ITW Reports Third Quarter 2023 Results

ITW Reports Third Quarter 2023 Results Revenue of $4.0 billion, an increase of 0.5%Operating income of $1.1 billion, an increase of 9%Operating margin of 26.5%, an increase of 200 bpsGAAP EPS of $2.55, an increase of 9%Narrowing full year GAAP EPS guidance range to $9.65 to $9.85 per share GLENVIEW, Ill., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) today reported its third quarter 2023 results. “The strength and resilience of ITW’s proprietary business model and high-quality diversified portfolio once again drove strong operational execution and financial perf...

 PRESS RELEASE

ITW Schedules Third Quarter 2023 Earnings Webcast

ITW Schedules Third Quarter 2023 Earnings Webcast GLENVIEW, Ill., Oct. 03, 2023 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) will issue its third quarter 2023 results on Tuesday, October 24, 2023 at 7:00 a.m. CDT. Following the release, ITW will hold its third quarter earnings webcast at 9:00 a.m. CDT. To access the webcast for the event, please click on the following link: If you are a participant on the conference call, please dial 1-888-660-6652 (domestic) or 1-646-960-0554 (international) 10 minutes prior to the 9:00 a.m. CDT start time. The passcode is “ITW.” F...

 PRESS RELEASE

ITW Announces CEO Succession Plan

ITW Announces CEO Succession Plan Vice Chairman Christopher A. O’Herlihy Named President and Chief Executive Officer E. Scott Santi Will Become Non-Executive Chairman of the Board Succession Plan Supports Continued Advancement of ITW’s Enterprise Strategy and Differentiated Long-Term Performance GLENVIEW, Ill., Sept. 07, 2023 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW), a global multi-industry manufacturing leader, today announced a succession plan that capitalizes on the strength and depth of the ITW leadership team. Christopher A. O’Herlihy, currently Vice Chairman...

 PRESS RELEASE

ITW Board of Directors Approves Dividend Rate Increase

ITW Board of Directors Approves Dividend Rate Increase GLENVIEW, Ill., Aug. 04, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) authorized a seven percent increase to the dividend payout to shareholders, representing a quarterly increase of $0.09 per share – or $0.36 per share annually – versus the current dividend rate. The Board also declared a dividend on the company's common stock of $1.40 per share for the third quarter of 2023. The dividend equates to $5.60 per share on a full-year basis. The dividend will be paid on October 12, 2023 to shareh...

 PRESS RELEASE

ITW Reports Second Quarter 2023 Results

ITW Reports Second Quarter 2023 Results Revenue of $4.1 billion, an increase of 2% with organic growth of 3%Record operating income of $1.01 billion, an increase of 9%Operating margin of 24.8%, an increase of 170 bpsRecord GAAP EPS of $2.48, an increase of 5%; Excl. one-time tax items, EPS increased 9%Raising full year GAAP EPS guidance by $0.10 to a range of $9.55 to $9.95 per share GLENVIEW, Ill., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) today reported its second quarter 2023 results. “The ITW team delivered another quarter of strong operational execu...

 PRESS RELEASE

ITW Schedules Second Quarter 2023 Earnings Webcast

ITW Schedules Second Quarter 2023 Earnings Webcast GLENVIEW, Ill., July 06, 2023 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) will issue its second quarter 2023 results on Tuesday, August 1, 2023 at 7:00 a.m. CDT. Following the release, ITW will hold its second quarter earnings webcast at 9:00 a.m. CDT. To access the webcast for the event, please click on the following link: If you are a participant on the conference call, please dial 1-888-660-6652 (domestic) or 1-646-960-0554 (international) 10 minutes prior to the 9:00 a.m. CDT start time. The passcode is “ITW.” Followin...

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