E. Scott Santi, ITW’s CEO since 2012, will step down as CEO and will remain Chairman of the ITW Board until March 1, 2024.
Latest In Illinois Tool Works
It's a big week for industrial manufacturer's financial reports. We recap the key figures for six of them here.
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
MDM looks at another round of earnings reports from industrial suppliers.
MDM looks at reports from Stanley Black & Decker, Avnet, Timken, Illinois Tool Works, MSA Safety Incorporated, Caterpillar and Saint-Gobain.
Illinois Tool Works also reported second-quarter net income of $775 million versus $319 million a year ago.
Year-to-date sales increased 7 percent year-over-year.
Fourth quarter sales increased 6.8 percent year-over-year.
Organic revenue growth was positive in six of seven segments.
Year-to-date sales increased 5.4 percent year-over-year.
Organic sales up 3.5 percent in first quarter.
Fourth quarter sales increased 4 percent year-over-year.
Year-to-date sales up 0.7 percent from same period in 2015.
Year-to-date sales decreased 1 percent year-over-year.
Organic sales up 1 percent in first quarter.
Fourth quarter sales declined 6.5 percent year-over-year.
Year-to-date sales down 7.7 percent from same period in 2014.
Profit plummets 67.8 percent to $480 million for the quarter.
Organic sales up 1 percent in first quarter.
Fourth-quarter sales decline 1.4 percent year-over-year
