Illinois Tool Works Inc. (NYSE: ITW), Glenview, IL, reported operating revenue increased 5% for the three months ended Jan. 31, 2010, versus the year-ago period. Growth was attributed to acquisitions and currency translation, contributing 1% and 10% respectively.
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Base revenues declined 2% in the three-month period, an improvement from a 10% decline in the 2009 fourth quarter. This improvement was largely due to easier January comparisons and a "substantial improvement in the North American automotive OEM end market."
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:
- Transportation: +65.4%
- Industrial Packaging: +4.7%
- Food Equipment: -4.5%
- Power Systems and Electronics: -3.2%
- Construction Products: +22.4%
- Polymers and Fluids: +11.8%
- Decorative Surfaces: -3.3%
- All Other: +1.4%
With $13.9 billion in 2009 revenues, ITW is a multinational manufacturer of a diversified range of industrial products and equipment.