ILLINOIS TOOL WORKS INC (ITW) FY2024 Q3 P&L / Income Statement

ILLINOIS TOOL WORKS INC (ITW) FY2024 Q3 P&L / Income Statement

Income statement for 2024-07-01 through 2024-09-30. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Operating Revenue

3,966,000,000 US dollars

Cost of revenue

2,230,000,000 US dollars

Gross profit (calculated)

1,736,000,000 US dollars

Operating expenses (calculated)

684,000,000 US dollars

Operating Income

1,052,000,000 US dollars

Other income (expense), net (calculated)

310,000,000 US dollars

Income Before Taxes

1,362,000,000 US dollars

Income Taxes

202,000,000 US dollars

Net Income

1,160,000,000 US dollars

Automotive OEM

772,000,000 US dollars

Food Equipment

677,000,000 US dollars

Test & Measurement and Electronics

697,000,000 US dollars

Welding

462,000,000 US dollars

Polymers & Fluids

448,000,000 US dollars

Construction Products

479,000,000 US dollars

Specialty Products

438,000,000 US dollars

Selling, administrative, and research and development expenses

658,000,000 US dollars

Amortization and impairment of intangible assets

26,000,000 US dollars

Revenue before reconciliation (calculated)

3,973,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.

Intersegment revenue

negative 7,000,000 US dollars. Reported reconciliation to consolidated revenue.

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.