ITW Outlines 2012-2017 Key Initiatives and Enterprise Performance Goals at Annual Investor Meeting

Dec 14, 2012, 08:30 ET from Illinois Tool Works Inc.

GLENVIEW, Ill., Dec. 14, 2012 /PRNewswire/ -- Illinois Tool Works Inc. (NYSE: ITW) today will detail its five-year enterprise strategy and key initiatives at its annual investor meeting in New York City. During the meeting, the Company will outline its enterprise performance goals and the key initiatives that will drive them:  Portfolio Management, Business Structure Simplification and Strategic Sourcing.

Enterprise Performance Goals

- By 2017:

         *Organic Growth: 200 basis points above global industrial production

         *Pre-Tax Operating Margins: 20%+

         *ROIC: 20%+

         *Free Cash Flow Conversion: 100%+ over the five-year period

Key management participants in the Investor Day will include President and Chief Executive Officer Scott Santi; Vice Chairman David Parry; and Chief Financial Officer Ron Kropp.

"The focus of our 2012-2017 Enterprise Strategy is to position ITW to maximize the company's performance and returns in the context of an increasingly challenging external environment," said Scott Santi, president and chief executive officer.  "Our plan focuses the company on generating maximum leverage and impact from ITW's unique and differentiated core capabilities – our 80/20 business model, sustainable differentiation, and our entrepreneurial culture – by deploying these capabilities in ways we believe will maximize their relevance and impact.  We will be the same ITW – only more focused, more efficient, and more streamlined in order to continue to generate consistent profit growth and strong returns throughout this plan period and beyond."

The Investor Day presentation will begin at 9:00 a.m. ET and will conclude at 12:00 p.m. ET.  The Company's webcast, featuring a synchronized slide show of management presentations, can be accessed via its website at  Interested participants should then access the investor information tab.  The webcast replay will be available through midnight on December 31, 2012.

The remarks made by ITW representatives at this meeting contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, without limitation, statements regarding operating income, organic revenue growth, growth in operating margins and return on invested capital, end market conditions, free operating cash flow  and the Company's related forecasts.  Forward-looking statements may be identified by the use of words such as "believe," "expect," "plans," "intends," "strategy," "prospects," "estimate," "project," "target," "anticipate," "guidance," and other similar words, and are subject to certain risks, uncertainties, and other factors which could cause actual results to differ materially from those anticipated. Important risks that could cause actual results to differ materially from the Company's expectations include those that are detailed in ITW's Form 10-K for 2011 and Form 10-Q for the third quarter of 2012.

Celebrating its 100-year anniversary in 2012, ITW (NYSE: ITW) is a Fortune 150 global diversified industrial manufacturer of value-added consumables and specialty equipment with related service businesses. The company focuses on profitable growth and strong returns across worldwide platforms and businesses. These businesses serve local customers and markets around the globe, with a significant presence in developed as well as emerging markets. ITW's revenues totaled $17.8 billion in 2011, with more than half of these revenues generated outside of the United States.

Non-GAAP Measures

The Company will be using certain non-GAAP measures in talking about our performance. Refer to the appendix of the management presentation at the Company's website under the "Investor Relations" tab for additional information on these non-GAAP measures.

SOURCE Illinois Tool Works Inc.