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Illinois Tool Works Inc [ITW] reports annual net loss of $3.0 billion
Company Reports Revenue of $16.1 billion
ILLINOIS TOOL WORKS INC [ITW] has reported a net loss of $3.0 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $16.1 billion
Based in GLENVIEW, Illinois, ILLINOIS TOOL WORKS INC operates in the MANUFACTURING sector.
In the 12 months ended December 31, 2023, the operating revenue reached $16.1 million, showing a slight increase compared to $15.9 million in the same period in 2022 and a more substantial growth from $14.5 million in 2021.
Cost of revenue for the same periods was $9.3 million, $9.4 million, and $8.5 million, respectively. Operating income for the period amounted to $4.04 million, an improvement from $3.79 million in 2022 and $3.48 million in 2021.
