ITW

ITW (NYSE: ITW) is a global industrial company built around a differentiated and proprietary business model. The company’s seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required.

From state-of-the-art dishwashers, ovens and refrigerators in restaurants and hotels, to automobile components inside vehicles all over the world ... the products we manufacture and the solutions we design are all around us. The buildings where we live and work are built with ITW construction and welding products, and our ITW test & measurement solutions help to ensure the quality and safety of millions of products.

ITW’s dedicated colleagues around the world thrive in the company’s decentralized and entrepreneurial culture. Our leaders have deep expertise in the ITW Business Model and leverage it to deliver superior performance and value to our customers.

ITW Business Model

The ITW Business Model is a powerful and proprietary set of practices comprised of three elements:

• The ITW 80/20 Front-to-Back Process is a set of tools and methodologies that we apply in every division

• Customer-Back Innovation is a key contributor to driving profitable growth at ITW

• Our Decentralized, Entrepreneurial Culture defines who we are as a company, how we lead and how we make decisions

ITW’s Business Segments

ITW's seven market-leading business segments operate in different industries but all share fundamental characteristics:

• End-markets with strong and sustainable differentiated attributes

• Positive long-term macro fundamentals

• Strong and durable competitive advantages with relevance to key end-market trends

• Significant potential for ITW to drive abovemarket organic growth over the long term

• Ability to leverage the ITW Business Model to generate consistent best-in-class margins and returns

ITW's Enterprise Strategy

Since 2012, we have been executing a strategy to position ITW to generate solid growth with best-in-class margins and returns in the context of an increasingly competitive and uncertain global market environment.

At its core, our enterprise strategy is centered on focusing the entire company on leveraging the ITW Business Model to its full potential.