The 2020 Mid-Year Economic Update_long

Illinois Tool Works Sales Up 2.5% in 2014

Fourth-quarter sales decline 1.4 percent year-over-year

Illinois Tool Works Inc. (NYSE: ITW), Glenview, IL, reported sales for 2014 of $14.5 billion, up 2.5 percent from 2013. Profit increased 75.5 percent to $2.9 billion.

For the fourth quarter, sales were $3.5 billion, down 1.4 percent from the same period a year ago. Profit was $450 million, up 10.3 percent from $408 million a year ago.

Organic revenues increased 2.3 percent in the quarter, with international growing 2 percent and North America growing 3 percent. Internationally, European organic revenues grew 1 percent and Asia Pacific grew 2 percent.

Automotive OEM grew organic revenues 7 percent in the fourth quarter. Operating margins improved 190 basis points to 22.3 percent.

Food equipment's organic revenues increased 5 percent due to growth in equipment and service worldwide. Operating margins of 21.7 percent increased 220 basis points. And welding's organic revenues grew 4 percent, with North America increasing 10 percent due to strength in equipment sales to industrial and commercial customers. Operating margins of 25.4 percent increased 230 basis points.

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.

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.