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

- Company: ILLINOIS TOOL WORKS INC (ITW)
- Period: 2025-01-01 to 2025-03-31
- Filing: Q1 FY2025 10-Q, filed 2025-05-01, accession number 0000049826-25-000014
- Page: https://plicit.ai/financials/itw/fy2025-q1-income-statement
- Chart image: https://plicit.ai/charts/itw-fy2025-q1-income-statement-sankey.png

## Chart details: Revenue by Business Segment

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.