Illinois Tool Works Inc (NYSE:ITW)
$ 259.17 1.53 (0.59%) Market Cap: 76.08 Bil Enterprise Value: 83.83 Bil PE Ratio: 22.29 PB Ratio: 22.44 GF Score: 88/100
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Illinois Tool Works Inc at Electrical Products Group Conference Transcript

May 21, 2019 / 11:30AM GMT
Release Date Price: $151.21 (+1.20%)
Unidentified Analyst

So with that, we're going to get started with the first presentation. Welcome to day 2 of EPG. We're excited to have ITW here with us today. We have the Chairman and CEO, Scott Santi. As you all know, Scott took over as CEO back in 2012 but has spent over 30 years at ITW. And Scott, we're excited to hear from you today. So I know you have some prepared comments. Why don't you take it away?

E. Scott Santi
Illinois Tool Works Inc. - Chairman & CEO

Great. Thank you, [Joe].

Good morning, everyone. Let me get the housekeeping out of the way. Our forward-looking statement has been posted and shared.

So ITW, as a point of reference, just celebrated its 107th year anniversary. And today, we are a company that's really built around a set of operating practices that we refer to as the ITW Business Model. Our business model is composed of 3 components: the first is our 80/20 front-to-back management process, and that drives how we operate; the second is customer-back innovation, which drives how we innovate; and the third is our

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