ITW revenues up 18%
Illinois Tool Works Inc. reported total operating revenue increased 18 percent for the quarter compared to the year-ago period.
Organic or base revenues contributed 8 percent, while acquisitions and currency translation each added 5 percent to the growth. A number of worldwide end markets continued to show solid demand levels, especially markets associated with the company's welding, industrial packaging, automotive OEM, and test and measurement businesses.
On a segment basis, the Polymers and Fluids segment had the largest increase at 27%, followed by Transportation (26%), Power Systems and Electronics (21%), Industrial Packaging (19%) and Construction Products (14%).
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
