- Industrial Packaging: -18.3%
- Power Systems and Electronics: -25.4%
- Transportation: -2.6%
- Food Equipment: -10.3%
- Construction Products: -7.6%
- Polymers and Fluids: -10.6%
- Decorative Surfaces: -13.9%
- All Other: -11%
Illinois Tools Works Base Revenues Down 15% in Three-Month Period
ITW sector revenues varied, but all were down from the previous period.
Illinois Tools Works Inc. (NYSE: ITW), Glenview, IL, reported operating revenue decreased 13% for the three months ended Nov. 30, 2009. The decline included a 15% decrease in base revenues.
Acquisitions contributed 2 percent to revenues while currency translation was essentially flat in the three-month period. For the most recent three-month period, base revenues improved compared to the August-October 2009 period mainly due to easier November comparisons and ongoing improvement in discrete end markets, particularly automotive and construction.
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, is provided below:
With $17.1 billion in 2008 revenues, ITW is a multinational manufacturer of industrial products and equipment.
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