The 2020 Mid-Year Economic Update_long

Illinois Tool Works Sales Flat in 2Q

Year-to-date sales decreased 1 percent year-over-year.

Illinois Tool Works Inc. (NYSE: ITW), Glenview, IL, reported sales for the second quarter of $3.4 billion, flat compared to the prior year. Profit increased 9.4 percent to $525 million.

Organic sales increased 1.2 percent, as North America grew 0.4 percent and international grew 2.2 percent.

For the first six months, the company reported sales of $6.7 billion, down 1 percent from the same period a year ago. Profit increased 5.9 percent to $993 million.

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