The 2020 Mid-Year Economic Update_long

Illinois Tool Works Sales Down 7.7% in 2Q

Profit plummets 67.8 percent to $480 million for the quarter.

Illinois Tool Works Inc. (NYSE: ITW), Glenview, IL, reported sales for the second quarter of $3.4 billion, down 7.7 percent from the second quarter last year. Profit decreased 67.8 percent to $480 million.

Construction products organic revenue increased 6 percent, automotive OEM organic revenue increased 6 percent, food equipment organic revenue increased 4 percent and welding organic revenue declined 6 percent.

For the first six months, the company reported sales of $6.8 billion, down 7 percent from the same period a year ago. Profit decreased 52.3 percent.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.
Social Media Auto Publish Powered By :