Illinois Tool Works Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 30, 2021 at 08:00 am EDT
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Illinois Tool Works Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 3,676 million compared to USD 2,564 million a year ago. Operating income was USD 893 million compared to USD 449 million a year ago. Net income was USD 775 million compared to USD 319 million a year ago. Basic earnings per share from continuing operations was USD 2.46 compared to USD 1.01 a year ago. Diluted earnings per share from continuing operations was USD 2.45 compared to USD 1.01 a year ago. For the half year, sales was USD 7,220 million compared to USD 5,792 million a year ago. Operating income was USD 1,798 million compared to USD 1,210 million a year ago. Net income was USD 1,446 million compared to USD 885 million a year ago. Basic earnings per share from continuing operations was USD 4.58 compared to USD 2.79 a year ago. Diluted earnings per share from continuing operations was USD 4.56 compared to USD 2.78 a year ago.
Illinois Tool Works Inc. is a diversified industrial group organized around 7 families of products:
- automotive equipment (20.1% of net sales). Besides, the group proposes products for maintenance and refurbishment (coatings, sealants, shutters, etc.);
- electronic equipment (17.5%): primarily equipment of microelectronic assembly. The group also provides test and measurement equipment and software;
- equipment for industrial kitchens (16.3%): cookers, dishwasher, ovens, refrigerators, cupboards, systems of aeration, etc.;
- construction systems and materials (12.6%): powder and gas nailing, perforators and consumables (fuses, chisels, pads, plugs, etc.) intended for applications on wood, steel and concrete;
- polymers, coatings, resins, adhesives and lubricants (11.2%);
- metallurgical equipment (10.5%): arc welding equipment, blowtorches, welding accessories, etc.
- specialty products (11.3%): industrial packaging systems and materials, products coding and marking equipment, etc.
Net sales are distributed geographically as follows: the United States (47.1%), North America (6.9%), Europe/Middle East/Africa (25.8%), Asia/Pacific (18.3%) and South America (1.9%).
ILLINOIS TOOL WORKS INC. 
