GLENVIEW, IL -- Illinois Tool Works reported second-quarter revenues at its Test & Measurement/Electronics group were $519 million, up 2.4% year-over-year.

Operating income was $114 million for the period ended June 30, up 21.3% from a year ago. Operating margin was 21.9%, up 330 basis points.

Organic revenue growth was up 4% in the Test & Measurement and Electronics unit, which includes such companies as Speedline Technologies, Kester Solder and Vitronics Soltec.

Overall, ITW's second quarter revenue grew 4.9% to $3.6 billion. Organic revenue increased 2.6%, and foreign currency translation reduced revenue by 1.2%. Operating income was up 10% tio $874 million, the highest quarterly income total in company history. Operating margin was 24.3%, up 120 basis points. Net income was $587 million.

“Our second quarter performance reflects continued progress in our focus on leveraging ITW’s differentiated business model and diversified high-quality business portfolio to full potential,” said E. Scott Santi, chairman and chief executive.

ITW raised its 2017 full-year EPS guidance by 12 cents at the mid-point to $6.32 to $6.52 per share.

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