Illinois Tool Works (ITW) Revenue — Quarter Ended Mar 31, 2024
Revenue declined in the latest quarter, coming in lower than both the preceding quarter and the same quarter one year ago. This marks a continuation of the modest downward trend observed over recent periods.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue declined in the latest quarter, coming in lower than both the preceding quarter and the same quarter one year ago. This marks a continuation of the modest downward trend observed over recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4B
Revenue reported for this quarter.
Quarter-over-quarter
-0.3%
Change from the immediately preceding quarter.
Year-over-year
-1.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$16.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $4.1B | n/a |
| Sep 30, 2023 | $4B | n/a |
| Dec 31, 2023 | $4B | n/a |
| Mar 31, 2024 | $4B | -1.1% |
Revenue performance
Revenue for the quarter was lower than the year-ago period, reflecting a slight year-over-year contraction.
Quarterly comparison
Compared to the immediately preceding quarter, revenue also decreased, maintaining the gradual downward direction seen in the broader recent trend.
What to watch
Monitor whether the company can stabilize or reverse the revenue decline in the upcoming quarters.