Posted March 15, 2010
ITW revenues up 10%
Illinois Tool Works Inc. reported a total company operating revenue increase of 10 percent for the three months ended Feb. 28.
Base revenues contributed 2 percent to revenue growth in the three month period. In addition, acquisitions and currency translation added 2 percent and 6 percent to revenue growth, respectively. The 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, Transportation (+ 35.4%) had the largest increase, followed by Construction Products (+15.8%); Polymers and Fluids (+ 15.6%); Industrial Packaging (+ 12.1%); Power Systems and Electronics (+ 5.4%); and Decorative Surfaces (+ 0.1%). Revenues in the Food Equipment segment decreased 1.4%.
