Illinois Tool Works
| 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 |
|
| 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 | |
Illinois Tool Works Inc. (ITW) is an American Fortune 500 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.
As of 2024, ITW employed 44,000 employees in 51 countries and held 20,900 granted and pending patent applications worldwide. The company is based in Glenview, Illinois, a suburb of Chicago.