ITW's Core Business in 2023

  • ~28%
    Operating Margin
  • ~40%
    After-tax ROIC
  • 3-5%
    Annual Organic Growth
  • 35%
    Incremental Margin
  • 7-10%
    Annual EPS Growth
  • 100%+
    Free Cash Flow % of Net Income
  • ~50%
    Dividend Payout Ratio
Business Model and Strategic Framework

Our Proprietary Business Model and Strategic Framework

investor Day 2018