The 2020 Mid-Year Economic Update_long

Latest In Illinois Tool Works

Illinois Tool Works Inc., Glenview, IL, reported operating revenue decrease of 24% for the three months ended July 31, 2009. The revenue decline for the three months consisted of a 21% decrease in base revenues and an 8% decline in contributions from currency translation. Acquisitions contributed 5% to revenues in the three month period.
For the most recent three month period, base revenues modestly improved versus the 2009 second quarter largely as a result of improving end market activity for businesses in the transportation, polymers & fluids and construction segments.

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. (Percent ...

Illinois Tool Works Inc., Glenview, IL, reported operating revenue for the second quarter 2009 were $3.4 billion, down 25.5% from second quarter 2008. Profit declined 66.6% to $176.6 million. Base revenues declined 22.2%, with North American base revenues decreasing 26.8% and international base revenues declining 17.3%.

Year-to-date, the diversified industrial manufacturer reported sales of $6.5 billion, down 24.7% from same period a year ago. Profit declined 83.5% to $137.2 million.

The company incurred $65 million of restructuring charges in the quarter, bringing the year-to-date total to $98 million. An additional $50 million to $70 million of restructuring charges are expected in the second half of 2009.

Worldwide revenues for the Power Systems and Electronics segment declined ...

Illinois Tool Works Inc., Glenview, IL, reported operating revenue decreased 26% for the three months ended May 31, 2009, due to a 23% decrease in base revenues and a 9% decline in contributions from currency translation. Acquisitions contributed 6% to revenues in the three month period.

The Company's base revenues continue to stabilize as core revenues have been in a range of -21% to -25% since January 2009.

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. (Percent change for three months ended May 31, 2009 versus prior year period) ...

Illinois Tool Works Inc., Glenview, IL, reported operating revenue fell 25% for the three months ended April 30, 2009. The manufacturer saw a 23% decline in base revenues.
 
Acquisitions contributed 6% to revenues in the three-month period.
 
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. (% change for 3 months ended April 30, 2009, versus prior-year period)

Industrial Packaging: -35.3%
Power Systems and Electronics: -35.1%
Transportation: -24%
Food Equipment: -16.2%
Construction Products: -35.2%
Polymers and Fluids: -6.7%
All Other: -16.5%
 
With $15.9 billion ...