The 2020 Mid-Year Economic Update_long

Illinois Tool Works Sales Down 2% in 1Q

Organic sales up 1 percent in first quarter.

Illinois Tool Works Inc. (NYSE: ITW), Glenview, IL, reported sales for the first quarter of $3.3 billion, down 2 percent from the previous year. Organic sales were up 1 percent.

Profit increased 2.2 percent to $468 million.

Automotive OEM and food equipment's organic sales both grew 3 percent in the quarter, while construction products' organic sales grew 5.

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