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 Citi Global Industrial Tech and Mobility Conference Transcript

Feb 22, 2023 / 03:30PM GMT
Release Date Price: $233.55 (+0.06%)
Andrew Alec Kaplowitz
Citigroup Inc., Research Division - MD and U.S. Industrial Sector Head

And, welcome back. We're very excited to have ITW with us. We have Michael Larsen, who is the Senior Vice President and Chief Financial Officer of ITW Michael joined in 2013, having previously served as President and CEO and Director of Gardner Denver, and you've also had a long industrial career.

Questions & Answers

Andrew Alec Kaplowitz
Citigroup Inc., Research Division - MD and U.S. Industrial Sector Head

Very much appreciate you being here, Michael, while I'm walking over, I'll just sort of ask you. Maybe a follow-up to the question I kind of asked you in the earnings call because I think it's sort of an interesting development. You mentioned enterprise initiatives going to be 100 basis points this year.

But you answered my question about enterprise strategy kind of suggesting that the savings can be ongoing. And I want to say indefinite because -- but I would say ongoing and that you could sort of achieve 100 basis points pretty much every

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