The 2020 Mid-Year Economic Update_long

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: 
  • 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%
With $17.1 billion in 2008 revenues, ITW is a multinational manufacturer of industrial products and equipment.

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.
Social Media Auto Publish Powered By :