Illinois Tool Works Inc., Glenview, IL, reported an operating revenue increase of 10.1 percent for the three months ended August 31, 2008. The double-digit increase in revenue growth for the three months was due to contributions from translation and acquisitions.
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: +16.6%
Power Systems and Electronics: +13.2%
Transportation: +4.8%
Construction Products: +3.2%
Food Equipment: +11.2%
Polymers and Fluids: +43.5%
Decorative Surfaces: +1.0%
All Other: +4.6%
On Aug. 11, 2008, the company announced a plan to divest its Decorative Surfaces and Click Commerce businesses. These units, totaling $1.3 billion in annual revenues, will be reclassified as part of discontinued operations.
With $16.2 billion in revenues, ITW is a diversified and value-added manufacturer of highly engineered components and industrial systems and consumables. The company consists of 825 business units in 52 countries and employs some 60,000 people.
Illinois Tool Works Revenue Up 10.1% in Latest Quarter
Illinois Tool Works Inc., Glenview, IL, reported an operating revenue increase of 10.1 percent for the three months ended August 31, 2008. The double-digit increase in revenue growth for the three months was due to contributions from translation and acquisitions.
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: +16.6%
Power Systems and Electronics: +13.2%
Transportation: +4.8%
Construction Products: +3.2%
Food Equipment: +11.2%
Polymers and Fluids: +43.5%
Decorative Surfaces: +1.0%
All Other: +4.6%
On Aug. 11, 2008, the company announced a plan to divest its ...
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: +16.6%
Power Systems and Electronics: +13.2%
Transportation: +4.8%
Construction Products: +3.2%
Food Equipment: +11.2%
Polymers and Fluids: +43.5%
Decorative Surfaces: +1.0%
All Other: +4.6%
On Aug. 11, 2008, the company announced a plan to divest its ...
Share this article
- Filed In: Top Distributor Sectors, Subscriber Only, News, Free, Companies
About the Author
Recommended Reading
Leave a Reply
Log In
Read the latest articles and see your reports.
Popular Now
MDM Directories
Sign Up for the MDM Update Newsletter
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.