ITW

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.

ITW Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, October 24, 2023
Illinois Tool Works Inc. v. Independent Ink, Inc., ITW, EPS, GAAP, NYSE, Video game, Renewable energy

Operating income of $1.1 billion, an increase of 9%

Key Points: 
  • Operating income of $1.1 billion, an increase of 9%
    GLENVIEW, Ill., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) today reported its third quarter 2023 results.
  • “The strength and resilience of ITW’s proprietary business model and high-quality diversified portfolio once again drove strong operational execution and financial performance in the third quarter.
  • “Organic revenue growth was two percent on an equal days’ basis in the quarter.
  • End customer and channel partner inventory reduction efforts associated with supply chain normalization reduced organic growth by an estimated 1 to 1.5 percent in the quarter.

ITW Schedules Third Quarter 2023 Earnings Webcast

Retrieved on: 
Tuesday, October 3, 2023
ITW, Webcast, CDT, NYSE, Illinois Tool Works Inc. v. Independent Ink, Inc., Broadcasting

GLENVIEW, Ill., Oct. 03, 2023 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) will issue its third quarter 2023 results on Tuesday, October 24, 2023 at 7:00 a.m. CDT.

Key Points: 
  • GLENVIEW, Ill., Oct. 03, 2023 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) will issue its third quarter 2023 results on Tuesday, October 24, 2023 at 7:00 a.m. CDT.
  • Following the release, ITW will hold its third quarter earnings webcast at 9:00 a.m. CDT.
  • 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 October 24 through October 31 by dialing 1-800-770-2030 (domestic) or 1-647-362-9199 (international).

ITW Announces CEO Succession Plan

Retrieved on: 
Thursday, September 7, 2023
Lead, University, University College Cork, Culture, ITW, Military Open Simulator Enterprise Strategy, Science, Trust, Retirement, Masco, University of Massachusetts, NYSE, Illinois Tool Works Inc. v. Independent Ink, Inc., Non-executive director, Management

GLENVIEW, Ill., Sept. 07, 2023 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW), a global multi-industry manufacturing leader, today announced a succession plan that capitalizes on the strength and depth of the ITW leadership team. Christopher A. O’Herlihy, currently Vice Chairman of ITW, will become President and Chief Executive Officer (CEO) and a member of the ITW Board of Directors, effective January 1, 2024. E. Scott Santi, ITW’s CEO since 2012, will step down as CEO and will remain Chairman of the ITW Board until March 1, 2024, at which time he will become Non-Executive Chairman of the ITW Board.

Key Points: 
  • GLENVIEW, Ill., Sept. 07, 2023 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW), a global multi-industry manufacturing leader, today announced a succession plan that capitalizes on the strength and depth of the ITW leadership team.
  • Christopher A. O’Herlihy, currently Vice Chairman of ITW, will become President and Chief Executive Officer (CEO) and a member of the ITW Board of Directors, effective January 1, 2024.
  • E. Scott Santi, ITW’s CEO since 2012, will step down as CEO and will remain Chairman of the ITW Board until March 1, 2024, at which time he will become Non-Executive Chairman of the ITW Board.
  • As a result, ITW today is widely recognized as one of the world’s highest quality, best performing, and most respected industrial companies.

Protolabs Names Sean Farrell as Vice President of Sales in Americas

Retrieved on: 
Monday, August 21, 2023
Chemicals, Plastics, Automotive Manufacturing, Aerospace, Manufacturing, Consumer Electronics, Technology, Electronic Commerce, General Automotive, Transport, Other Technology, Other Manufacturing, Automotive, Machine Tools, Metalworking & Metallurgy, Logistics, Supply Chain Management, Engineering, Education, Internet of things, ITW, Digi International, Electrical engineering, Farrell, Multimedia, Renewable energy, Applied Materials, NYSE, Management, Protolabs

Protolabs (NYSE: PRLB), the world’s leading provider of digital manufacturing services, today announced Sean Farrell as its new Vice President of Sales for its Americas region.

Key Points: 
  • Protolabs (NYSE: PRLB), the world’s leading provider of digital manufacturing services, today announced Sean Farrell as its new Vice President of Sales for its Americas region.
  • View the full release here: https://www.businesswire.com/news/home/20230815174823/en/
    Sean Farrell, Vice President of Sales for the Americas.
  • (Photo: Business Wire)
    “We are excited to welcome Sean as the leader of our Americas sales team at Protolabs,” said Mike Kenison, Vice President and General Manager of the Americas at Protolabs.
  • “As a sales leader, you value working for a company that is constantly evolving to better serve its customers,” Farrell said.

ITW Board of Directors Approves Dividend Rate Increase

Retrieved on: 
Friday, August 4, 2023
ITW, Share repurchase, NYSE, Illinois Tool Works Inc. v. Independent Ink, Inc., Holding company, Cryptocurrency

GLENVIEW, Ill., Aug. 04, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) authorized a seven percent increase to the dividend payout to shareholders, representing a quarterly increase of $0.09 per share – or $0.36 per share annually – versus the current dividend rate.

Key Points: 
  • GLENVIEW, Ill., Aug. 04, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) authorized a seven percent increase to the dividend payout to shareholders, representing a quarterly increase of $0.09 per share – or $0.36 per share annually – versus the current dividend rate.
  • The Board also declared a dividend on the company's common stock of $1.40 per share for the third quarter of 2023.
  • The dividend equates to $5.60 per share on a full-year basis.
  • The dividend will be paid on October 12, 2023 to shareholders of record as of September 29, 2023.

ITW Reports Second Quarter 2023 Results

Retrieved on: 
Tuesday, August 1, 2023
ITW, EPS, GAAP, EXCL Communications, NYSE, Illinois Tool Works Inc. v. Independent Ink, Inc., Renewable energy

one-time tax items, EPS increased 9%

Key Points: 
  • one-time tax items, EPS increased 9%
    GLENVIEW, Ill., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) today reported its second quarter 2023 results.
  • “The ITW team delivered another quarter of strong operational execution and financial performance.
  • GAAP EPS of $2.37 in the second quarter of 2022 included a $0.16 one-time tax benefit.
  • The company is projecting organic growth of three to five percent based on first half 2023 performance and current levels of demand.

CDW Adds Kelly J. Grier to Board of Directors

Retrieved on: 
Tuesday, August 1, 2023
Software, Networks, Online Retail, Other Retail, Hardware, Data Management, Consumer Electronics, Specialty, Technology, Security, Retail, Other Technology, Education, Information technology, Culture, ITW, CDW, Government, Organization, US, Risk, DEI, Growth, Illinois Tool Works Inc. v. Independent Ink, Inc., Ernst & Young, Management

CDW Corporation (Nasdaq: CDW), a leading multi-brand provider of information technology solutions to business, government, education and healthcare customers, today announced the addition of Kelly J. Grier to its board of directors.

Key Points: 
  • CDW Corporation (Nasdaq: CDW), a leading multi-brand provider of information technology solutions to business, government, education and healthcare customers, today announced the addition of Kelly J. Grier to its board of directors.
  • Grier recently retired as US Chair and Managing Partner (CEO) of Ernst & Young LLP (EY), a leading global professional services firm.
  • In this role, Grier oversaw more than 81,000 employees across 31 countries with annual revenue of nearly $21 billion.
  • For more details about the CDW board of directors, please visit the