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Diversified manufacturer Illinois Tool Works Inc. (NYSE: ITW), Glenview, IL, reported operating revenue for the first quarter ended Feb. 28, 2011, increased 11 percent compared to the year-ago period. Organic revenues increased 9 percent.
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Acquisitions added 3 percent to top line growth while currency translation was 1 percent negative.
Several worldwide end markets continued to show strong demand levels for the three month period, especially those associated with ITW's welding, electronics, test and measurement, industrial packaging and automotive OEM businesses.
On a segment basis, the company's change in three-month moving average percentage for operating revenues, comprised of organic revenues, acquisitions and currency translation, is provided below (% change for 3 months ended Feb: 28, 2011 versus prior year period):
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*Transportation: |
+15.7 % |
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*Industrial Packaging: |
+13.2 % |
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*Power Systems and Electronics: |
+16.5 % |
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*Food Equipment: |
-1.6 % |
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*Construction Products: |
+11.4 % |
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*Polymers and Fluids: |
+12.2 % |
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*Decorative Surfaces: |
+4.4 % |
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*All Other: |
+12.9 % |
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