ITW

ITT Names Michael Guhde President of Connect & Control Technologies (CCT) Business

Retrieved on: 
Monday, February 26, 2024
Automotive Manufacturing, Other Transport, Aerospace, Trucking, Manufacturing, Rail, Transport, Other Energy, Utilities, Oil, Gas, Alternative Energy, Energy, Other Manufacturing, Textiles, Steel, Public Transport, Packaging, Engineering, Chemicals, Plastics, EV, Parker Hannifin, Marketing, Mechanical, Culture, Growth, Ohio University, Illinois Tool Works, ITW, ITT Inc., CCT, ITT, Management

February 26, 2024-- ITT Inc. (NYSE: ITT ) today announced the appointment of Michael G. Guhde as president of its Connect & Control Technologies (CCT) business, reporting to Chief Executive Officer Luca Savi.

Key Points: 
  • February 26, 2024-- ITT Inc. (NYSE: ITT ) today announced the appointment of Michael G. Guhde as president of its Connect & Control Technologies (CCT) business, reporting to Chief Executive Officer Luca Savi.
  • Guhde joins ITT from Illinois Tool Works (NYSE: ITW), where he led a large, global business serving the automotive industry through the development and manufacture of highly engineered components.
  • In this role, he oversaw several business improvements that led to consistent, sustainable advancements in customer satisfaction while driving significant profitability increases.
  • “We are excited to begin the next chapter of growth and profitability at CCT with Michael on board.”

ITW Board of Directors Declares Quarterly Dividend

Retrieved on: 
Friday, February 9, 2024
ITW

GLENVIEW, Ill., Feb. 09, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) declared a dividend on the company's common stock of $1.40 per share for the first quarter of 2024.

Key Points: 
  • GLENVIEW, Ill., Feb. 09, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) declared a dividend on the company's common stock of $1.40 per share for the first quarter of 2024.
  • The dividend equates to $5.60 per share on a full-year basis.
  • The dividend will be paid on April 11, 2024 to shareholders of record as of March 29, 2024.

i3Forum, GSMA, and ITW Global Leaders Forum (GLF) Announce Cooperation to Restore Trust in International Communications

Retrieved on: 
Tuesday, February 6, 2024
Semiconductor, Security, Satellite, Audio, Video, Other Technology, Telecommunications, Software, Networks, Internet, Hardware, Data Management, VoIP, Technology, Mobile, Wireless, Other Communications, Public Relations, Investor Relations, Marketing, Advertising, Communications, Multimedia, Policy, Certification, Restore Trust, GLF, Ecosystem, NRAS, Work, ITW, Fraud, Hello, Trust, GSMA, Consortium, Hunting

View the full release here: https://www.businesswire.com/news/home/20240205510037/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240205510037/en/
    GSMA and GLF stated their support for the Restore Trust initiative spearheaded by i3Forum.
  • The Restore Trust initiative is an effort to build long term cooperation between the International Communications Industry and National Regulatory Authorities (NRAs) globally, and eradicate international nuisance communications.
  • The loss of public trust in communications is driven by the proliferation of unwanted/illegal voice calls and messages (e.g.
  • It is a growing global phenomenon that has a deep impact across all levels of society, businesses and citizens.

ITW Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 1, 2024
EPS, Environment, ITW, GAAP

GLENVIEW, Ill., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) today reported its fourth quarter and full year 2023 results and initiated guidance for full year 2024.

Key Points: 
  • We made solid progress in our efforts to build above-market organic growth fueled by customer-back innovation into a defining ITW strength, on par with our world-class financial and operational capabilities.
  • End customer and channel inventory reduction efforts combined with the impact from automotive industry labor actions reduced organic growth by an estimated 1.5 percent in the quarter.
  • During the quarter, the company repurchased $375 million of its own shares and the effective tax rate was 22.6 percent.
  • For the same reasons, the company is unable to address the potential significance of the unavailable information, which could be material to future results.

ITW Schedules Fourth Quarter and Full Year 2023 Earnings Webcast

Retrieved on: 
Thursday, January 18, 2024
ITW, CST, Webcast, Broadcasting

GLENVIEW, Ill., Jan. 18, 2024 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) will issue its fourth quarter and full year 2023 results on Thursday, February 1, 2024 at 7:00 a.m. CST.

Key Points: 
  • GLENVIEW, Ill., Jan. 18, 2024 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) will issue its fourth quarter and full year 2023 results on Thursday, February 1, 2024 at 7:00 a.m. CST.
  • Following the release, ITW will hold its fourth quarter and full year 2023 earnings webcast at 9:00 a.m. CST.
  • The passcode is “ITW.”
    Following the webcast, presentation materials and an audio webcast replay will be available at http://investor.itw.com .
  • An audio-only replay will be available from February 1 through February 8 by dialing 1-800-770-2030 (domestic) or 1-647-362-9199 (international).

ITT Announces New Board of Directors Appointment

Retrieved on: 
Wednesday, January 17, 2024
Engineering, Other Energy, Aerospace, Transport, Manufacturing, Energy, Other Transport, Culture, Knowledge, ITW, ITT Inc., Illinois Tool Works, ITT, Management

Jan. 17, 2024-- ITT Inc. (NYSE: ITT ) today announced the election of Sharon Szafranski to its Board of Directors.

Key Points: 
  • Jan. 17, 2024-- ITT Inc. (NYSE: ITT ) today announced the election of Sharon Szafranski to its Board of Directors.
  • “On behalf of the entire Board of Directors of ITT, I would like to welcome Sharon to the ITT Board.
  • “With this appointment, we continue to execute on our commitment to Board refreshment and evolving our capabilities and skillsets to remain aligned with ITT’s strategic focus.
  • The Board also appointed Ms. Szafranski to the Company’s Audit Committee, effective at the time of election.

DBW Holdings Announces Acquisition of Peak Toolworks: Expands its Leading Diamond Tool Cutting Product Line

Retrieved on: 
Wednesday, December 13, 2023
Diamond, Partnership, Acquisition, Granite Creek, DBW, Farrells, Growth, Illinois Tool Works, ITW, Satellite navigation device

CHICAGO and VERNON HILLS, Ill., Dec. 13, 2023 (GLOBE NEWSWIRE) -- DBW Holdings, L.L.C., (“DBW Holdings”) parent company of Diamond Blade Warehouse , today announced the acquisition of Peak Toolworks (“Peak”), the premier manufacturer and servicer of diamond and carbide precision cutting tools.

Key Points: 
  • CHICAGO and VERNON HILLS, Ill., Dec. 13, 2023 (GLOBE NEWSWIRE) -- DBW Holdings, L.L.C., (“DBW Holdings”) parent company of Diamond Blade Warehouse , today announced the acquisition of Peak Toolworks (“Peak”), the premier manufacturer and servicer of diamond and carbide precision cutting tools.
  • The acquisition expands DBW Holdings’ ability to provide industry-leading products to customers in attractive end-markets, including infrastructure, construction trades, building products, automotive, and manufacturing.
  • In conjunction with the acquisition, W. James Farrell will continue as the Chairman of DBW Holdings, and James M. Farrell will lead the consolidated day-to-day operations as CEO.
  • The signature operating approach of ITW is the 80/20 process, and this is a core tenet of the Farrells’ leadership of DBW Holdings.

Magnolia River, An Industry-Leading Utility Solutions Provider, Names Samir Jain as New CEO

Retrieved on: 
Thursday, November 9, 2023
Detroit River International Wildlife Refuge, ITW, Growth, Illinois Tool Works, Management, Furniture

DECATUR, Ala., Nov. 9, 2023 /PRNewswire-PRWeb/ -- Magnolia River International ("Magnolia River") is pleased to announce the addition of Samir Jain as Chief Executive Officer (CEO).

Key Points: 
  • Magnolia River International ("Magnolia River") is pleased to announce the addition of Samir Jain as Chief Executive Officer (CEO).
  • Jain brings a wealth of experience to Magnolia River, having held a variety of complex strategic business leadership and senior management roles.
  • "I am thrilled to join the Magnolia River team and to be part of the next chapter of growth for the company.
  • "I am thrilled to join the Magnolia River team and to be part of the next chapter of growth for the company," said Samir Jain, CEO of Magnolia River.

VANGUARD® 23.0 Gross HP* SMALL BLOCK ENGINE POWERING NEW HOBART® ENGINE-DRIVEN WELDER

Retrieved on: 
Monday, November 6, 2023
Power Division, PAC, Vibration, DC, Briggs & Stratton, Vanguard, Block, Herb Brooks National Hockey Center, Torque, Welding, Champion, Noise, ITW, Electric motor, Boilermaker, Hydraulic machinery

The rugged 23 Gross HP* Small Block engine has 15% less volume and is 18% lighter compared to its competitors.

Key Points: 
  • The rugged 23 Gross HP* Small Block engine has 15% less volume and is 18% lighter compared to its competitors.
  • The 23 Gross HP* Small Block engine offers the best power-to-weight ratio on the market at 3.35 lbs/HP (77 lbs/23 HP).
  • For nearly two years, Vanguard experts leveraged their power application expertise to support the design and integration of the 23 Gross HP* Small Block engine into the new engine-driven welder unit from Hobart.
  • The Vanguard Small Block V-Twin engine lineup offers a range of light, compact engines engineered to take on the most grueling commercial applications.

ITW Board of Directors Declares Quarterly Dividend

Retrieved on: 
Thursday, October 26, 2023
Illinois Tool Works Inc. v. Independent Ink, Inc., ITW, NYSE, Holding company

GLENVIEW, Ill., Oct. 26, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) declared a dividend on the company's common stock of $1.40 per share for the fourth quarter of 2023.

Key Points: 
  • GLENVIEW, Ill., Oct. 26, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) declared a dividend on the company's common stock of $1.40 per share for the fourth quarter of 2023.
  • The dividend equates to $5.60 per share on a full-year basis.
  • The dividend will be paid on January 11, 2024 to shareholders of record as of December 29, 2023.