Illinois Tool Works Inc.
Stock Symbol: ITW
3600 West Lake Avenue
Illinois Tool Works Inc. Industry:
Misc. Capital Goods
Illinois Tool Works Inc. Description:
Illinois Tool Works Inc. is a manufacturer of highly engineered products that include plastic and metal components and fasteners. The Company also designs and manufactures specialty systems such as industrial packaging equipment and plastic and steel strap, welding equipment and consumables and equipment and consumables that multi-pack cans and bottles for the food and beverage industry. The Company is also involved in leasing and investments, which include mortgage-related activities, equipment leasing, property development, affordable housing limited partnerships and a venture capital fund.
Illinois Tool Works Inc. Financial Summary:
For the nine months ended 30 September 2005, Illinois Tool Works Inc.'s revenues increased 11% to $9.63B. The Company's net income for the period increased 12% to $1.09B. Revenues reflect growth from the North American Engineered Products division due to acquisitions and base revenue growth, and significantly higher leasing and investment income. Earnings also benefitted from a lower effective income tax rate.
Illinois Tool Works Inc. Business Summary:
Illinois Tool Works Inc. (ITW) is a worldwide manufacturer of highly engineered products and specialty systems. The Company has approximately 650 operations in 45 countries that are aggregated and organized into five segments: Engineered Products-North America, Engineered Products-International, Specialty Systems-North America, Specialty Systems-International, and Leasing and Investments. The Engineered Products segment manufactures a variety of short lead-time plastic and metal components and fasteners, as well as specialty products for a diverse customer base. The Specialty System segment designs and manufactures longer lead-time machinery and related consumables, as well as specialty equipment for a diverse customer base. The Leasing and Investments segment makes investments in mortgage entities, leases of telecommunications, aircraft, air traffic control and other equipment, as well as properties, affordable housing and a venture capital fund.