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Illinois Tool Works Inc. (ITW)

NYSE - NYSE Delayed Price. Currency in USD
264.86-2.06 (-0.77%)
At close: 04:00PM EDT
265.00 +0.14 (+0.05%)
After hours: 06:46PM EDT
  • Dividend

    ITW announced a cash dividend of 1.40 with an ex-date of Mar. 27, 2024

Illinois Tool Works Inc.

155 Harlem Avenue
Glenview, IL 60025
United States
847 724 7500
https://www.itw.com

Sector(s)Industrials
IndustrySpecialty Industrial Machinery
Full Time Employees45,000

Key Executives

NameTitlePayExercisedYear Born
Mr. Christopher A. O'HerlihyPresident, CEO & Director3.74MN/A1964
Mr. Michael M. LarsenSenior VP & CFO3.59M5.13M1969
Ms. Mary Katherine LawlerSenior VP & Chief Human Resources Officer1.91MN/A1966
Mr. Michael R. ZimmermanExecutive Vice President of Polymers & Fluids1.46MN/A1961
Mr. Randall J. ScheunemanVP & Chief Accounting OfficerN/AN/A1968
Ms. Karen A. FletcherVice President of Investor RelationsN/AN/A1960
Ms. Jennifer Kaplan SchottSenior VP, General Counsel & SecretaryN/AN/A1974
Mr. Kenneth T. EscoeExecutive Vice President of Specialty ProductsN/AN/A1976
Mr. Axel R. J. BeckExecutive Vice President of Food EquipmentN/AN/A1966
Ms. Sharon A. SzafranskiExecutive Vice President of WeldingN/AN/A1967
Amounts are as of December 31, 2022 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Illinois Tool Works Inc. manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses. The Food Equipment segment provides warewashing, refrigeration, cooking, and food processing equipment; kitchen exhaust, ventilation, and pollution control systems; and food equipment maintenance and repair services. The Test & Measurement and Electronics segment produces and sells equipment, consumables, and related software for testing and measuring of materials and structures, as well as equipment and consumables used in the production of electronic subassemblies and microelectronics. The Welding segment produces arc welding equipment; and metal arc welding consumables and related accessories. The Polymers & Fluids segment produces adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance. The Construction Products segment offers engineered fastening systems and solutions for the residential construction, renovation/remodel, and commercial construction markets. The Specialty Products segment provides beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. It serves the automotive OEM and tiers, MRO, commercial food equipment, construction, general industrial, industrial capital goods, consumer durables, automotive aftermarket end, and other markets. The company distributes its products directly to industrial manufacturers, as well as through independent distributors. Illinois Tool Works Inc. was founded in 1912 and is based in Glenview, Illinois.

Corporate Governance

Illinois Tool Works Inc.’s ISS Governance QualityScore as of March 1, 2024 is 5. The pillar scores are Audit: 6; Board: 8; Shareholder Rights: 3; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.