caLogo

GLENVIEW, IL -- Illinois Tool Works' Test & Measurement and Electronics business unit today reported fourth-quarter sales fell 3.3% year-over-year to $541 million.


Organic sales were down 0.5% for the period, the firm said.

For the period, operating income totaled $82 million. Operating margin fell 60 basis points to 15.1% for the quarter ended Dec. 31.

For the year the division totaled operating income of $340 million on revenues of $2.2 billion. Organic revenue was up 1.5% year-over-year, while overall revenue rose 1.3%.

The Test & Measurement and Electronics unit includes such companies as Speedline Technologies, Kester Solder and Vitronics Soltec.

Submit to FacebookSubmit to Google PlusSubmit to TwitterSubmit to LinkedInPrint Article
Don't have an account yet? Register Now!

Sign in to your account