ILLINOIS TOOL WORKS INC (ITW) FY2025 Q1 P&L / Income Statement

ILLINOIS TOOL WORKS INC (ITW) FY2025 Q1 P&L / Income Statement

Income statement for 2025-01-01 through 2025-03-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Operating Revenue

3,839,000,000 US dollars

Cost of revenue

2,161,000,000 US dollars

Gross profit (calculated)

1,678,000,000 US dollars

Operating expenses (calculated)

727,000,000 US dollars

Operating Income

951,000,000 US dollars

Other income (expense), net (calculated)

negative 56,000,000 US dollars

Income Before Taxes

895,000,000 US dollars

Income Taxes

195,000,000 US dollars

Net Income

700,000,000 US dollars

Automotive OEM

786,000,000 US dollars

Food Equipment

627,000,000 US dollars

Test & Measurement and Electronics

652,000,000 US dollars

Welding

472,000,000 US dollars

Polymers & Fluids

429,000,000 US dollars

Construction Products

443,000,000 US dollars

Specialty Products

435,000,000 US dollars

Selling, administrative, and research and development expenses

706,000,000 US dollars

Amortization and impairment of intangible assets

21,000,000 US dollars

Revenue before reconciliation (calculated)

3,844,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.

Intersegment revenue

negative 5,000,000 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.