Illinois Tool Works Inc. (NYSE: ITW), Glenview, IL, reported operating revenue increase of 10% for the three months ended Feb. 28, 2010, versus the year-ago period. Base revenues contributed 2% to the revenue growth, while acquisitions and currency translation added 2% and 6%, respectively.
Improvement in base revenue was largely due to increased production by the global automotive manufacturers as well as more modest improvement in the industrial packaging and polymers and fluids end markets.
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: +35.4%
- Industrial Packaging: +12.1%
- Food Equipment: -1.4%
- Power Systems and Electronics: +5.4%
- Construction Products: +15.8%
- Polymers and Fluids: +15.6%
- Decorative Surfaces: + 0.1%
- All Other: +5.4%
With $13.9 billion in 2009 revenues, ITW is a multinational manufacturer of a diversified range industrial products and equipment.
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