Illinois Tool Works (ITW) Revenue — Quarter Ended Sep 30, 2024
Revenue contracted for the reporting quarter. The decline was moderate and consistent with the trend observed in recent quarters.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue contracted for the reporting quarter. The decline was moderate and consistent with the trend observed in recent quarters.
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
-1.5%
Change from the immediately preceding quarter.
Year-over-year
-1.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.9B
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 |
|---|---|---|
| Dec 31, 2023 | $4B | n/a |
| Mar 31, 2024 | $4B | -1.1% |
| Jun 30, 2024 | $4B | -1.2% |
| Sep 30, 2024 | $4B | -1.6% |
Revenue performance
Operating revenue decreased compared to the prior quarter. The year-over-year comparison also showed a decline from the same quarter one year earlier.
Quarterly comparison
The sequential decline was similar in magnitude to the drop seen in the preceding quarter. The year-over-year contraction was slightly steeper than the sequential change.
What to watch
Revenue has now declined for three consecutive quarters on a sequential basis.