Illinois Tool Works, Inc.

Illinois Tool Works, Inc.

Illinois Tool Works, Inc.

Overview
Date Founded

1961

Headquarters

155 Harlem Avenue,Glenview, IL 60025

Type of Company

Public

Employees (Worldwide)

48K

Industries

Industrial Machinery & Manufacturing
Other Consumer Durables
Tools & Hardware
Plastics & Synthetics
Paper Products
Chemicals

Company Description

Illinois Tool Works, Inc. manufactures industrial products and equipment. It operates through the following segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products, and Specialty Products. The Automotive OEM segment produces components and fasteners for automotive-related applications. The Test & Measurement and Electronics segment manufactures equipment, consumables, and related software for testing and measuring of materials, structures, gases and fluids. The Food Equipment segment supplies commercial food equipment and provides related services. The Polymers & Fluids segment provides adhesives, sealants, lubrication and cutting fluids, janitorial and hygiene products, and fluids and polymers for auto aftermarket maintenance and appearance. The Welding segment furnishes arc welding equipment, consumables and accessories for a wide array of industrial and commercial applications. The Construction Products segment makes construction fastening systems and truss products. The Specialty Products segment manufacturing beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. The company was founded by Byron L. Smith in 1912 and is headquartered in Glenview, IL.

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Executives & Employees

Chief Executive Officer

Senior Vice President & Chief Financial Officer

Senior Vice President, General Counsel & Secretary

Chief Human Resources Officer & Senior Vice President

Chief Accounting Officer & Vice President

Executive Vice President, Performance Polymers & Fluids

Executive Vice President

Executive Vice President

Executive Vice President, Global Construction Products

Board of Directors

Chief Executive Officer at Illinois Tool Works, Inc.

Executive Chairman at Walgreens Boots Alliance, Inc.

Chief Marketing Officer at United Parcel Service, Inc.

Chairman & Founder at Susan Crown Exchange, Inc.

Group President, Global Merchant & Network Services at American Express Co.

Vice Chairman & Head-Logistics at First Global Associates LLC

Treasurer at Civic Consulting Alliance

Former General Counsel at Exelon Corporation

Executive Advisor Partner at Wind Point Partners

General Counsel & Executive Vice President for Policy & Legal Affairs at Mutual Fund Directors Forum

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Illinois Tool Works, Inc.
Owners & Shareholders
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State Farm® has been in the mutual funds business since 1968, managing funds then only available to employees and Agents. In 2001, State Farm Mutual Funds products and services became available to the public for the first time. Our main objective is to make each of our 15 State Farm Mutual Funds® a highly competitive and rewarding long-term investment for our shareholders. To help achieve this objective, we use an investment management structure that capitalizes on the unique strengths, focused attention, and knowledge of seasoned investment professionals in State Farm’s internal investment department. Because we offer a wide variety of funds, some outside the core knowledge of our internal investment department, we also have seven other highly-respected asset management organizations working for you. Each of our investment advisors provides well-known, long-established experts in their respective investment strategies and has beliefs and investment philosophies that are consistent with our own. State Farm Mutual Funds shareholders can feel confident that their investments are being managed in a responsible, conservative, and cost-effective manner consistent with a long-term perspective

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MFS Investment Management utilizes various investment techniques to implement its investment strategies, including, but not limited to, long and short-term purchases, short sales, margin transactions, options, and exchange-traded and over-the-counter derivatives or other methods to seek to achieve performance. They employ a variety of methods to evaluate securities, including fundamental and quantitative analysis. MFS Investment Management offers fundamental, active and research-driven equity strategies that strive for less volatility relative to benchmarks and greater value through changing markets. Fixed income strategy offers total return focused and credit oriented approach. Multi-Asset strategy is goal-oriented, diversified and disciplined investment approach that combines broad diversification across multiple asset classes, active asset allocation, and bottom-up security selection. MFS' retirement solutions are designed with a goal of maximizing growth and supporting income over a lifetime by focusing on long-term returns. MFS Blended Research is an approach to active equity management that combines the firm's fundamental research expertise with highly systematic quantitative research.

Recent Transactions
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Illinois Tool Works, Inc., Stokvis Tape Group BV purchase Ads Propulsion BV from Avelingen Holding BV

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Illinois Tool Works, Inc., ITV Global Entertainment Ltd. purchase Blumhouse Productions LLC

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Illinois Tool Works, Inc. purchases TRW Automotive Holdings Corp. /Engg Fasteners & Comp Bus from Zeppelin-Stiftung der Stadt Friedrichshafen

Insider Transactions
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Transaction Advisors
Accountant

Advised onIllinois Tool Works, Inc. purchases Premark International, Inc.

Legal Advisor

Advised onIllinois Tool Works, Inc. purchases Meurer Verpackungssysteme GmbH & Co. KG

Accountant

Advised onAmer Sports Oyj purchases Precor, Inc. from Illinois Tool Works, Inc.

Associate

Advised onThe Carlyle Group LP purchases Illinois Tool Works, Inc. /Industrial Packaging Bus from Illinois Tool Works, Inc.

Attorney

Advised onIllinois Tool Works, Inc. purchases Meurer Verpackungssysteme GmbH & Co. KG

Legal Advisor

Advised onThe Carlyle Group LP purchases Illinois Tool Works, Inc. /Industrial Packaging Bus from Illinois Tool Works, Inc.

Advisors & Consultants
Legal Advisor

Partner at Winston & Strawn LLP

Legal Advisor

Partner at Winston & Strawn LLP

Advisor

Principal at NAI Daus

Clients

Fastenal Co. engages in the provision of fasteners, tools, and supplies which can help in the manufacture of products, build structures, protect personnel, and maintain facilities and equipment. It products include cutting tools & metalworking, fasteners, material handling, storage & packaging power, transmission & motors, tools & equipment, electricals, abrasives, hydraulics & pneumatics, plumbing, lifting & rigging, raw materials, fleet & automotive, welding, office products & furniture, janitorial and lighting. The company was founded by Robert A. Kierlin, Michael M. Gostomski, Henry K. McCannon, John D. Remick, and Stephen M. Slaggie in November 1967 and is headquartered in Winona, MN.

At Flextronics, impossible is where breakthrough begins. As a socially-responsible, global leader in design, manufacturing, distribution and aftermarket services, Flextronics is unique in its ability to provide end-to-end solutions through its innovative and proprietary systems — all to enhance customer competitiveness and success. Working across four business groups and several business units, Flextronics is able to unleash the full potential of the world’s most valuable brands and new ventures. What Flextronics creates is value. By increasing speed to market and driving competitive positioning for customers, Flextronics in essence solves customers’ most challenging problems better, faster and more cost effectively than any other company. Flextronics is able to manage big data in a way that allows for trending in market environments that are in flux, allowing the Company to provide solutions for customers, often before a challenge is ever realized. Flextronics is unique in the depth, breadth and scope of the Company. With an unmatched global presence, customers are supported with unprecedented speed in product ramp-up, delivery, and the ability to manage volume regardless of complexity or product mix. Leveraging state-of-the-art LEAN practices, Six Sigma, key investments in infrastructure and FlexQ, a propriety quality program that is beyond leading edge according to customers, Flextronics is the market leader in almost every business in which it operates. Whether high mix/low volume or low mix/high volume, Flextronics can enable any customer's success. At Flextronics, there is no room for “mediocrity.” If anything, the Company exists to continually test the bounds of what can be expected in terms of designs and processes. Optimization is what Flextronics does best. People make the difference. People with passion have an even greater impact. The Flextronics team spans 30 countries and four continents, and is over 200,000 people strong. Each member of the team is dedicated to enabling customer success. That is achieved through intense collaboration, passionate customer focus, thoughtful and disciplined execution, a tenacious commitment to continuous improvement and a relentless drive to win. Culture is the most important sustainable, competitive advantage of any company. The Flextronics culture is built on commitment — to customers, employees, the communities in which it operates and the environment. Flextronics is a global leader in non-profit/for-profit partnership, providing assistance in the places around the world that need it most. The Flextronics Foundation provides assistance in the areas of natural disaster relief, health and wellness initiatives and educational opportunities. Culture drives every aspect of the Company’s success. The culture and business model work hand-in-hand to ensure simplicity, flexibility and above all — sustainability.

Our founder, George A. Hormel held a strong commitment to quality, which was based on providing his customers a superior product that would keep them coming back for more. This vision is kept alive with products that retain the quality and flavor of the first products he offered. Today, our innovative products are a flavorful part of breakfast, lunch, dinner, snacks and party solutions—all created with convenience in mind to accommodate the busy schedule of you and your family. From the beginning, George was concerned about waste and cleanliness in the process of making great food products. In keeping with his high standards, Hormel Foods has been recognized for quality, safety and employee training. As a responsible steward of the environment, we have set goals to reduce the impact we have on the environment we all share. In addition,Hormel Foods is active through the Hormel Foods Charitable Trust, which focuses its community giving on education, hunger and health. We invite you to become more familiar with the diverse array of wholesome and great-tasting foods that are part of the Hormel brand—as relevant, delicious and high-quality as ever.

Key Stats and Financials As of 2018
Market Capitalization
$48.2B
Total Enterprise Value
$48.6B
Earnings Per Share
$7.6
Enterprise Value Sales
3.29x
TEVNet Income
18.96x
Debt TEV
0.15x
Total Equity
$3.26B
Total Debt
$7.38B
Net Profit
$2.56B
Revenue
$14.8B
Three Year Compounded Annual Growth Rate Of Revenue
3.28%
Five Year Compounded Annual Growth Rate Of Revenue
0.88%
Enterprise Value EBITDAOperating
12.01x
EBITDAMargin
27.39%
EBITDA
$4.04B
Non-Profit Donations & Grants
$5,000 - $10K
2017
$100K - $250K
2013
$2,500 - $4,999
2007
Political Donations
$1,000
2012
$2,000
2012
Investments
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Goji Ltd. manufactures cooking ovens. It ovens uses radio waves for quick, precise and efficient cooking and is a global business with customers doing business on every major continent. The company was founded by Shlomo Ben-Haim in 2006 and is headquartered in Des Plaines, IL.

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Wilsonart International Holdings LLC manufactures and distributes pressure laminates, surfacing materials and components. Its brands include Wilsonart, Resopal, Polyrey, Arborite, Lamin-Art, Ralph Wilson and Durcon. The company was founded in 1956 and is headquartered in Austin, TX.

Suppliers
Prima Industrie SpA Industrial Machinery & Manufacturing | Collegno, TO

Prima Industrie SpA engages in the development, manufacture, and marketing of laser systems for industrial applications, sheet metal processing machinery, and industrial electronics and laser sources. It operates through the following business segments: Star, Prima Power and Prima Electro. The Star segment designs and manufactures high-power laser systems for cutting, welding and surface treatment of three-dimensional 3D and flat 2D components. The Prima Power segment engages in the developing, manufacturing and marketing of cutting, welding and punching machines for three-dimensional 3D and two-dimensional 2D metallic components and sheet metal processing machines that use mechanical tools. The Prima Electro segment includes the development, construction and sale of electronic power and control components, and high-power laser sources for industrial applications, intended for the machines of the Group and third customers. The company was founded by Gianfranco Carbonato in 1977 and is headquartered in Collegno, Italy.

Helios Technologies, Inc. Industrial Machinery & Manufacturing | Sarasota, FL

Helios Technologies, Inc. engages in the development and manufacture of soolutions for both the hydraulics and electronics markets. It operates through the Hydraulics and Electronics segments. The Hydraulics segment provides screw-in hydraulic cartridge valves, manifolds, and integrated fluid power packages and subsystems used in hydraulic systems. The Electronics segment provides electronic control, display, and instrumentation solutions for recreational and off-highway vehicles and stationary and power generation equipment. The company was founded by Robert E. Koski and John Allen in 1970 and is headquartered in Sarasota, FL.

MPM Holdings, Inc. Holding Companies | Waterford, NY

MPM Holdings, Inc. is a holding company, which through its subsidiaries engages in production of silicones, silanes, products derived from quartz, and specialty ceramics. It operates through the following segments: Performance Additives, Formulated and Basic Silicones, and Quartz Technologies. The Performance Additives segment manufacture urethane additives, silicone fluids, and silanes. The Formulated and Basic Silicones segment produces coatings, electronic materials, elastomers, sealants, and basic silicone fluids focused on automotive, consumer goods, construction, electronics, and healthcare end-markets. The Quartz Technologies segment focuses in the development and manufacturing of fused quartz and non-oxide based ceramic powders and shapes. The company was founded on September 2, 2014 and is headquartered in Waterford, NY.

Competitors
Lincoln Electric Holdings, Inc. Industrial Machinery & Manufacturing - Cleveland, OH

Lincoln Electric’s commitment to providing the most innovative, cost-effective, quality welding and cutting solutions is one that has guided our company for more than 100 years. This, coupled with our technological leadership and worldwide manufacturing and distribution resources, enables us to provide competent and reliable solutions for each of our customers.

ESAB India Ltd. Industrial Machinery & Manufacturing - Chennai, TN

ESAB India Ltd. engages in the manufacture and supply of welding and cutting products. It operates through the Consumables and Equipment segments. The Consumables segment offers welding electrodes, copper coated wires, flux cored wires, welding fluxes and related services. The Equipment segment offers welding machines, cutting equipment and related services. It markets its products to the shipbuilding, petrochemical, repair and maintenance, construction, transport, offshore and energy industries. The company was founded on November 10, 1987 and is headquartered in Chennai, India.

Awards & Honors
Rank #211
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #211
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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