• About MDM
  • Cart
  • Terms & Conditions
  • Privacy Policy
  • Cookies Statement
  • News
    • Premium Articles
    • Latest
    • Technology & Digital
    • Mergers & Acquisitions
    • Talent Development
  • Resources
    • Store
      • Market/Economic Data
      • Management
      • Economic Benchmarks for Wholesale Distribution
      • Sales & Marketing
      • Special Reports
      • What Customers Want
    • Conferences
    • Webcasts
    • Podcasts
    • Directories
      • Associations
      • Buying and Marketing Groups
      • Investment Bank Guide for Distributors
    • Free Reports
    • Partners
  • Research
    • 2019 Market Leaders lists
    • MDM Analytics
    • Economic Benchmarks
    • Industry Competitive Landscape
    • White Papers
  • Subscribe
    • MDM Daily Update
    • MDM Premium
    • Podcasts
  • Premium
    • Download The Issue
    • Subscription Renewal
  • Sign In
  • Sign Out
  • My Account
Home » ITW 1Q Sales Down 21%

ITW 1Q Sales Down 21%

March 15, 2009
No Comments
Illinois Tool Works Inc., Glenview, IL, reported operating revenue decreased 21% for the three months ended Feb. 28, 2009. The decline was due to a 20% decrease in base revenues and a 7% fall off in contributions from currency translation. Acquisitions contributed 7%. Significantly lower than expected end market activity in North America, Europe and Asia in January and February also contributed to the decline in operating revenues.
 
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:

Industrial Packaging: -27.7%
Power Systems and Electronics: -26.9%
Transportation: -25.0%
Food Equipment: -15.5%
Construction Products: -31.7%
Polymers and Fluids: +1.2%
All Other: -12.0%
 
In January and February, ITW experienced significantly weaker demand across worldwide end markets versus its original expectations and expects similar trends in March.
 
With $15.9 billion in revenues, ITW is a diversified and value-added manufacturer of industrial products and equipment. The company has 875 business units in 54 countries with 65,000 employees.
Industrial Distribution Illinois Tool Works
  • Related Articles

    ITW Sales Grow 11.5%

    Industrial Distribution Group 1Q Sales Down 5.7%

    Manitowoc Company Ups Bid for Enodis

  • Related Products

    Ryerson 1Q Sales Down 6% to $1.4B

    Modern Distribution Management Volume 31, Issue 21 - 11/10/2001

    Modern Distribution Management Volume 36, Issue 21 - 11/10/2006

Post a comment to this article

Report Abusive Comment

Popular Stories

  • Distributors are About to Get Commoditized

  • Distributors Struggle with Online Pricing

  • What are College Seniors Looking for as They Enter the Distribution Field?

  • 6 Decision Criteria for Developing a Customer-Centric SKU Management Plan

  • A Distributor’s Innovation Playbook for 2020

Subscribe to MDM Update Newsletter

Your best source for news and trends in the wholesale distribution industry

Join Today
  • ABOUT MDM
    • About
    • Terms and Conditions
    • Authors
  • HELP
    • My Account
    • Login Help/ Password Reset
    • Research
    • Privacy & Data Act

CONTACT
6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060 
Toll free (888) 742-5060

 

Copyright ©2019. All Rights Reserved

  • Privacy Policy
  • Terms and Conditions