Illinois Tool Works Inc., Glenview, IL, reported operating revenue fell 25% for the three months ended April 30, 2009. The manufacturer saw a 23% decline in base revenues.
Acquisitions contributed 6% to revenues in the three-month period.
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. (% change for 3 months ended April 30, 2009, versus prior-year period)
Industrial Packaging: -35.3%
Power Systems and Electronics: -35.1%
Food Equipment: -16.2%
Construction Products: -35.2%
Polymers and Fluids: -6.7%
All Other: -16.5%
With $15.9 billion in revenues, ITW is a multinational manufacturer of a diversified range of industrial products and equipment. The company has 875 business units in 54 countries.