Illinois Tool Works Inc., Glenview, IL, reported revenues grew 10.5% to $4.57 billion in the second quarter 2008. The increase is attributable to a 4.3% contribution from acquisitions and a 6.4% contribution for currency translation.
Overall base revenues were flat in the second quarter, with international base revenues growing 3% and North American base revenues declining 2%. Income from continuing operations increased 10% to $528.5 million.
By Sector Worldwide base revenues for the Power Systems and Electronics segment grew 7.7%, with an 8.9% increase in welding base revenues and a 6.9% increase in base revenues for PC board fabrication.
Base revenues for the Polymers and Fluids segment increased 2.3% in the quarter, with North American polymers base revenues up 9.4%.
Transportation segment base revenues declined 4.7% percent in the quarter, with North American automotive base revenues decreasing 12.8% and international base revenues remaining flat.
Worldwide base revenues for the Construction segment decreased 4.3% in the quarter. North American construction base revenues declined 12.4% percent while international base revenues grew 1.7%.
ITW is a global diversified manufacturer of industrial products and equipment with annual sales of $16.2 billion.