The 2020 Mid-Year Economic Update_long

Illinois Tool Works Sales Climb 21% in Last Three Months

Revenue growth for the diversified manufacturer driven by a broad increase in demand in consumer and industrial end markets.

Illinois Tool Works Inc. (NYSE: ITW), Glenview, IL, reported operating revenue increased 21 percent during the three months ended May 31, compared to the year ago same period. Base revenues increased 15 percent, while acquisitions and current translation added 2 percent and 4 percent, respectively.

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Increasing demand across a broad set of North American and international consumer and industrial end markets drove the increasing demand.

On a segment basis, the Company’s three month moving average percentage change for operating revenues, comprised of base revenues, acquisitions and currency translation, was:

  • Transportation: +36.2%
  • Industrial Packaging: +28.3%
  • Food Equipment: +2.1%
  • Power Systems and Electronics: +24.0%
  • Construction Products: +24.7%
  • Polymers and Fluids: +25.9%
  • Decorative Surfaces: +5.3%
  • All Other: +20.9%

With $13.9 billion in 2009 revenues, ITW is a multinational manufacturer of a diversified range industrial products and equipment.

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