Illinois Tool Works (ITW) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter decreased compared with the same period a year earlier, while sequentially it increased slightly from the immediately preceding quarter. The slight sequential improvement represents a change in direction from the prior quarter's decline versus the year-ago period.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter decreased compared with the same period a year earlier, while sequentially it increased slightly from the immediately preceding quarter. The slight sequential improvement represents a change in direction from the prior quarter's decline versus the year-ago period.
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
+1.4%
Change from the immediately preceding quarter.
Year-over-year
-1.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$16B
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 |
|---|---|---|
| Sep 30, 2023 | $4B | n/a |
| Dec 31, 2023 | $4B | n/a |
| Mar 31, 2024 | $4B | -1.1% |
| Jun 30, 2024 | $4B | -1.2% |
Revenue performance
Revenue was lower than the same quarter one year ago, continuing the contraction seen in the prior sequential period when compared with the year-ago level.
Quarterly comparison
Relative to the immediately preceding quarter, revenue rose, marking a sequential increase. Compared with the same quarter last year, revenue declined.
What to watch
Monitor whether the sequential revenue improvement can be sustained in upcoming quarters.