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Illinois Tool Works Inc. (NYSE: ITW), Glenview, IL, reported sales for 2015 of $13.4 billion, down 7.5 percent from 2014. Profit decreased 35.5 percent to $1.9 billion.
For the fourth quarter, sales were $3.3 billion, down 6.5 percent from the same period a year ago. Profit was flat at $450 million.
Automotive OEM grew organic sales 5 percent in the fourth quarter, while construction products organic sales grew 3 percent and food equipment's organic sales increased 2 percent.