2022 ASI Top 20: Illinois Tool Works Inc.

The ASI Top 20 incorporates financial data and additional details from multiple sources. (Image courtesy of gremlin via gettyimages.com.)
ITW produces adhesives and sealants and related products in two of its seven business segments. (The company declined to provide specific adhesives/sealants-related sales and other details.) Total revenue increased by 15% in 2021, to nearly $14.5 billion.
Among many other products, ITW’s Polymers & Fluids business produces industrial, construction, and consumer adhesives, as well as sealants. The division’s total revenue in 2021 was $1.9 billion, representing an increase of 10% over the prior year.
The Test & Measurement and Electronics division produces pressure-sensitive adhesives for applications in electronics, medical, transportation, and telecommunications (among many other products). Sales for that division increased by 15%, reaching $2.3 billion for the year.
No. 10 | Illinois Tool Works Inc.
Glenview, Ill.www.itw.com
Chairman and CEO: E. Scott Santi
Sources: company website, annual report, press release
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