ITW

Illinois Tool Works (ITW) is a multinational diversified industrial company based in Glenview, Illinois. The firm designs, manufactures, and markets specialized industrial products and equipment for customers around the world.

ITW operates with a decentralized organizational model built from hundreds of autonomous business units. Each unit focuses on a defined niche within its markets, while centralized corporate services provide shared support. This structure supports a culture centered on engineering, quality, and continuous improvement.

The company’s portfolio spans multiple end-markets, including automotive, electronics, construction, packaging, and food equipment, among others. ITW emphasizes durable, high-performance products and often serves as a supplier to original equipment manufacturers and aftermarket channels.

History and profile: ITW traces its origins to the early 20th century and expanded through a combination of acquisitions and internal development to become a global provider of engineered fasteners and related components. The company is publicly traded on the New York Stock Exchange under the ticker ITW and is noted for returning value to shareholders through dividends and, at times, share repurchases.