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How ITW became a Fortune 300 manufacturer with $16.1B in revenue and 45,000 employees

ITW (NYSE: ITW) is a global multi-industrial manufacturing leader headquartered in Glenview, Illinois. Founded in 1912, the company's seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins across automotive, construction, food equipment, welding, and more.

Updated June 14, 2026
$16.1B
Annual Revenue
45K+
Employees
7
Business Segments
110+
Years Operating
1912
Founded
ITW Revenue

ITW reported $16.1 billion in revenue in 2023

ITW is a Fortune 300 global multi-industrial manufacturing leader with revenue of $16.1 billion in 2023. The company's decentralized business model — known as the ITW Business Model — combines customer-back innovation, 80/20 front-to-back simplification, and strategic sourcing to consistently deliver best-in-class operating margins above 25%.

ITW's revenue is diversified across seven segments, providing resilience against sector-specific cycles. The company serves customers in over 50 countries, with North America representing approximately 57% of total revenue.

Revenue by year (USD billions)

▲ +14% vs 2019
$14.1B
2019
$12.6B
2020
$14.5B
2021
$15.9B
2022
$16.1B
2023

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IP 54.18.224.92 · London, UK · ✓ Resolved
Identifying visitor
Acme Corp ✓ Verified
SaaS · 210 employees · Series B
Fit 92
Tech
Hubspot
Pages
Pricing · Docs
Intent
High
Business Segments

ITW's seven industry-leading segments

ITW's decentralized structure gives each of its seven segments the autonomy to operate with entrepreneurial agility while benefiting from the scale of a Fortune 300 enterprise. Each segment applies the ITW Business Model to drive profitability and customer-focused innovation.

directions_car
Automotive OEM
Fasteners, plastic components, and engineered materials for global auto manufacturers.
restaurant
Food Equipment
Commercial cooking, refrigeration, and warewashing equipment for the food service industry.
science
Test & Measurement
Electronic test and measurement instruments and software for product quality assurance.
local_fire_department
Welding
Welding equipment, consumables, and accessories sold to commercial and industrial markets.
home_work
Construction Products
Fastening systems, anchors, and other construction products for residential and commercial projects.
water_drop
Polymers & Fluids
Adhesives, sealants, lubrication products, and automotive aftermarket consumables.
category
Specialty Products
Equipment and consumables for niche markets including equipment for health care packaging.
Tech Stack

Tools and technologies ITW uses

Based on observed integrations, vendor disclosures, and public job postings, ITW's technology stack spans enterprise infrastructure, marketing, analytics, and operations:

cloud Amazon AWS mail Amazon SES smart_toy AI / ML analytics Google Analytics local_offer Google Tag Manager font_download Google Font API support_agent Salesforce ads_click DoubleClick Floodlight work Microsoft Office 365 mail_outline Outlook monitor_heart New Relic video_camera_front ON24 person_search SmartRecruiters play_circle YouTube mail SMTP.com bug_report BugHerd accessible accessiBe code Bootstrap Framework wifi Remote language Multilingual
3rd-Party Intent Data

See which companies are researching ITW right now

Happierleads ingests 3rd-party intent signals from across the web — content consumption, supplier-comparison searches, review-site activity, and topic surges — to surface companies actively in-market for industrial manufacturing partners or products like ITW's. Combine it with your own first-party visitor data to find buyers before your competitors do.

Atlas Manufacturing
Industrial · 1,200 employees · USA
Hot · 91
ITW welding systemsIndustrial fastenersOEM components
Bridgewater Construction
Construction · 3,500 employees · UK
Warm · 76
Construction fastening systemsAnchors & fixings
Cascade Food Services
Food & Beverage · 600 employees · Germany
Warm · 68
Commercial kitchen equipmentFood equipment suppliers
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Decision-Makers

Key decision-makers at ITW

Verified contact data for senior decision-makers across Engineering, Operations, Sales, Marketing, and Finance at Illinois Tool Works Inc.

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Christopher O'Herlihy
President & CEO
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Michael Larsen
EVP & CFO
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Mary Petrovich
VP & General Counsel
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Jennifer Parmentier
VP Human Resources
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Ronald Kropp
VP Finance & Controller
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Segment VP — Welding
Business Unit President
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Download the full database of 175M B2B contacts

Every contact for ITW — and every other company on Earth — in one CSV. Free updates for life.

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contacts.csv 175.4M rows · 8.4 GB
NameTitleEmailCountry
Sarah ChenVP Saless.chen@stripe.com🇺🇸 US
Michael DavidsonHead of Growthm.davidson@itw.com🇺🇸 US
Priya PatelCMOpriya@figma.com🇺🇸 US
Lars EriksenVP Marketinglars@spotify.com🇸🇪 SE
Akira TanakaCROakira@mercari.com🇯🇵 JP
Emma WilsonHead of Salesemma@monzo.com🇬🇧 GB
Carlos VargasVP Revenuec.vargas@rappi.com🇲🇽 MX
Sophie MüllerDirector Salessophie@n26.com🇩🇪 DE
James O'BrienChief of Staffjames@intercom.com🇮🇪 IE
Aisha KhanVP Salesaisha@razorpay.com🇮🇳 IN
Sarah ChenVP Saless.chen@stripe.com🇺🇸 US
Michael DavidsonHead of Growthm.davidson@itw.com🇺🇸 US
Priya PatelCMOpriya@figma.com🇺🇸 US
Lars EriksenVP Marketinglars@spotify.com🇸🇪 SE
Akira TanakaCROakira@mercari.com🇯🇵 JP
Emma WilsonHead of Salesemma@monzo.com🇬🇧 GB
Carlos VargasVP Revenuec.vargas@rappi.com🇲🇽 MX
Sophie MüllerDirector Salessophie@n26.com🇩🇪 DE
James O'BrienChief of Staffjames@intercom.com🇮🇪 IE
Aisha KhanVP Salesaisha@razorpay.com🇮🇳 IN
175,432,891 rows
Verified · 200+ countries
verified
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FAQ

Frequently asked questions about ITW

What is ITW's revenue?add
ITW reported revenue of $16.1 billion in 2023, making it one of the largest multi-industrial manufacturers in the world and a Fortune 300 company. ITW trades on the NYSE under the ticker symbol ITW.
How many employees does ITW have?add
ITW has approximately 45,000 dedicated colleagues worldwide as of 2026. Employees operate across seven business segments in a decentralized and entrepreneurial culture that ITW believes is a key competitive advantage.
What does ITW do?add
ITW (Illinois Tool Works) is a global multi-industrial manufacturing company. Its seven segments include Automotive OEM, Food Equipment, Test & Measurement and Electronics, Welding, Polymers & Fluids, Construction Products, and Specialty Products. Each segment supplies highly engineered, customer-focused solutions to industries worldwide.
Where is ITW headquartered?add
ITW is headquartered at 155 Harlem Avenue, Glenview, Illinois 60025, United States. The company has operations in over 50 countries, serving customers across North America, Europe, Asia-Pacific, and the rest of the world.
When was ITW founded?add
ITW was founded in 1912, making it one of the oldest and most enduring industrial manufacturers in the United States, with over 110 years of operating history. The company has grown through organic innovation and strategic acquisitions over more than a century.
Who are ITW's main competitors?add
ITW's main competitors include Honeywell International, 3M, Parker Hannifin, Emerson Electric, Dover Corporation, and Roper Technologies — all Fortune 500 multi-industrial manufacturers operating across diversified end markets.

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This morning's qualified visitors

Live
Identified
86 + 18%
ICP match
52 + 24%
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Northwind Co. just visited /pricing
3rd visit · enterprise · USA

Data and sources

All figures on this page are compiled from ITW's public annual reports, press releases, SEC filings, LinkedIn data, and the Happierleads proprietary database (over 175M verified B2B contacts and 1.6M companies). Revenue figure of $16.1B is sourced from ITW's 2023 annual report. Last updated June 14, 2026. Are you an ITW executive and want to update this data? Contact us.