ITW Operating Revenues Fall 26%
Illinois Tool Works Inc., Glenview, IL, reported operating revenue decreased 26% for the three months ended May 31, 2009,
due to a 23% decrease in base revenues and a 9% decline in contributions from currency translation. Acquisitions contributed
6% to revenues in the three month period.
The Company's base revenues continue to stabilize as core revenues have
been in a range of -21% to -25% since January 2009.
On a segment basis, the Company's three month
moving average percentage change for operating revenues, comprised of base revenues, acquisitions/divestitures
and currency translation, is provided below. (Percent change for three months ended May 31, 2009 versus
prior year period) ...
Share/Bookmark
Illinois Tool Works Inc., Glenview, IL, reported operating revenue decreased 26% for the three months ended May 31, 2009,
due to a 23% decrease in base revenues and a 9% decline in contributions from currency translation. Acquisitions contributed
6% to revenues in the three month period.
The Company's base revenues continue to stabilize as core revenues have
been in a range of -21% to -25% since January 2009.
On a segment basis, the Company's three
month moving average percentage change for operating revenues, comprised of base revenues, acquisitions/divestitures
and currency translation, is provided below. (Percent change for three months ended May 31, 2009 versus
prior year period)
Industrial Packaging: -37.2%
Power Systems and Electronics: -37.1%
Transportation: -22.9%
Food Equipment: -15.0%
Construction Products: -36.6%
Polymers
and Fluids: -7.9%
Decorative Surfaces: -24.0%
All Other: -18.3%
The Decorative Surfaces segment was placed
back into continuing operations as was announced on May 8, 2009. As a result, ITW is now forecasting
second quarter 2009 diluted income per share from continuing operations to be in a range of $0.29 to
$0.41.
View the Top Distributors in Eight Sectors: Industrial,
PT/Bearing,
Electrical, HVAC/Plumbing/PVF,
Building
Materials/Construction, Electronics,
Plastics, Pharmaceuticals
Join MDM's Independent Distributor Network
Follow MDM on Twitter
Sponsored Links
- Pferd Makes the Difference
- Learn The 10 Pricing Myths That Damage Distributor Profits
- DDI System's Inform Software: Proven Results for Industrial Distributors
- Apex Free Study: Proven Techniques - Growth Through Point-of-Use Vending
- Learn to leverage and manage your pricing to dramatically increase your company's value.
- Increase profits and productivity with NSK's Asset Improvement Program
Think About It: |
Benchmark with Wholesale Distribution Economic Reports
|
The
Answer Book for
|
| Title | Company | Location |
|---|---|---|
| Midwestern Field Sales Territory Manager | DeVilling & Associates | Midwest, US |
| Senior Account Manager and National Account Manager | Precision | Dallas, TX |
| VP Sales & Marketing | Confidential | Southeastern, PA |
| Branch Manager | Graybar Electric Company | Garden City, NY |
| International Sales Manager | Industrial Lubricants Manufacturer | United States |
| National Sales Manager | Steiner Industries | United States |
| View ALL Wholesale Distribution Job Listings | Post Your Job Listing | |
Industry Topics sponsored by
Distribution Trends
|
Economy
|
Management/Strategy
|
Interviews
|
Operations
|
Technology
|
Mergers/Acquisitions
|
Case Studies
|
Sales & Marketing
|
MDM Calendar
Technology Case Study
2011 Economic Forecast
Distribution Customer End Market Trends
Featured Products
Benchmarks & Best Practices: The Answer Book for Growth-Minded CFOs & Controllers
The HR Professional's Strategic Answer Book
2010 Wholesale Distribution Economic Reports: Industrial Distributors - Single-User License
This report includes: Revenue and employment growth trends, the number and size distribution of companies, gross margin, wages, other operating statistics and expert commentary to help you interpret the sector data in light of current macroeconomic trends
Most Popular
Leave a Comment