Content analysis
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| Constraining | ||
| Legalese | ||
| Litigous | ||
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8th grade Avg
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New words:
employee, fourth, repayment
Financial report summary
?Competition
Illinois Tool WorksManagement Discussion
- Net sales increased primarily due to the benefit of acquisitions, higher demand levels and increased product pricing as a result of higher input costs.
- Gross profit increased for the year ended December 31, 2023 primarily due to pricing actions taken to offset higher inputs costs and favorable segment mix, which offset the impact of acquisitions.
- SG&A expenses increased in 2023 as compared to 2022 primarily due to acquisitions and higher employee-related costs.