Back Illinois Tool Works Danish Illinois Tool Works German ایلینوی تول ورکس Persian Illinois Tool Works ID イリノイ・ツール・ワークス Japanese Illinois Tool Works Dutch Illinois Tool Works Swedish 伊利諾伊州工具廠股份 Chinese
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| Company type | Public |
|---|---|
| NYSE: ITW S&P 500 Component | |
| Industry | Manufacturing |
| Founded | 1912 |
| Founder | Byron L. Smith |
| Headquarters | Glenview, Illinois, U.S. |
Area served | Worldwide |
Key people |
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| Revenue |  US$15.9 billion (2024) |
 US$4.26 billion (2024) | |
| US$3.49 billion (2024) | |
| Total assets | US$15.1 billion (2024) |
| Total equity | US$3.32 billion (2024) |
Number of employees | 44,000 (2024) |
| Website | www |
| Footnotes / references [1] | |
Illinois Tool Works Inc. or ITW is an American Fortune 500[2] company that produces engineered fasteners and components, equipment and consumable systems, and specialty products. It was founded in 1912 by Byron L. Smith and has built its growth on a "small-wins strategy" based on decentralization, simplicity, customer-focused innovation, and acquisitions.[3]
Today [when?], it employs approximately 45,000 people[4] in hundreds of businesses across 53 countries,[5] and is based in Glenview, Illinois, a suburb of Chicago.
ITW has more than 18,000 granted and pending patent applications worldwide.[5] The company typically ranks in the top 100 of patent issuers in the U.S.[citation needed]
- ^ "2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 14, 2025.
- ^ "Fortune 500 List of Companies 2022". Fortune. Retrieved 1 July 2021.
- ^ Nitin Pangarkar (12 February 2019). "Illinois Tool Works: Making a big impact with small‐wins strategy". Global Business and Organizational Excellence. 38 (3): 18–25. doi:10.1002/JOE.21919. ISSN 1932-2054. Wikidata Q104920246.
- ^ "Illinois Tool Works". ITW.com. Archived from the original on 2018-11-23. Retrieved 2018-11-23.
- ^ a b "ITW website". ITW. Archived from the original on 2016-08-18. Retrieved 2016-08-04.