
Illinois Tool Works: Solving Problems, Driving Profits
🛠️ Diversified Manufacturing: ITW is an industrial conglomerate with a diverse range of products, including tools, welding equipment, and food processing equipment.
💡 Innovation Model: The company follows an 80/20 front-to-back process, focusing on solving specific problems for large clients.
📈 Margin Improvement: A reorganization plan called 'Do What We Say' has boosted operating margins from 16% to 24%.
💰 Strong Returns: ITW has demonstrated a strong return on invested capital, increasing from 15% to 29% over a decade.