Illinois Tool Works Inc (WBO:ITW)
€ 246.8 -3.2 (-1.28%) Market Cap: 72.94 Bil Enterprise Value: 80.04 Bil PE Ratio: 22.29 PB Ratio: 22.44 GF Score: 81/100
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Illinois Tool Works Inc at Citi Global Industrial Tech and Mobility Conference (Virtual) Transcript

Feb 23, 2022 / 02:40PM GMT
Release Date Price: €190.6 (+0.50%)
Andrew Alec Kaplowitz;Michael M. Larsen
Citigroup Inc., Research Division - MD and U.S. Industrial Sector Head;Illinois Tool

Good morning again. Very happy that you are with us. We are very happy to have Illinois Tool Works, ITW. And we're very happy to have Michael Larsen with us, who is Senior Vice President and Chief Financial Officer of ITW.

Just a quick introduction to Michael. He joined ITW in 2013, having previously served as President and CEO and Director of Gardner Denver. He served as Vice President and CFO of Gardner Denver from 2010 to 2013, and he also worked at GE for quite a long time, I think, 15 years as well. So Michael, maybe I'll just start off by asking you -- I've asked you, you've been with me on this podium many times, and I've asked you about enterprise strategy many times, but you continue to sort of reinvent it, another 100 basis points this year. And obviously, it all starts with 80/20. So maybe you could just sort of step back and talk about the evolution of enterprise strategy and really 80/20 and why it's been so successful for you?

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