name: Illinois Tool Factory
Illinois Tool Works (ITW) is a Fortune 500 company in the United States. The company mainly produces engineering fasteners and components, equipment and consumable systems and specialty products.
The Illinois Tool Factory was founded in 1912 by Byron Smith. Today, the company has nearly 48,000 employees and is headquartered in Glenview, Illinois, USA.
In 2011, Illinois Tool Factory had more than 20,000 outstanding patents and patents pending worldwide, including 2,900 U.S. patents and 1,116 pending U.S. applications. The company ranks 414th on the Forbes Global 2000 list.
Illinois Tool Works is listed on the New York Stock Exchange under the ticker symbol ITW and is a constituent stock of the Standard & Poor’s 500 Index. Its chairman and chief executive officer is E. Scott Santi. In 2010, it had 59,000 employees.
In fiscal year 2014, Illinois Tool Factory had revenues of US$1.45 billion, operating revenues of US$2.95 billion, net income of US$2.95 billion, total assets of US$17.7 billion, and total equity of US$6.82 billion.
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