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ITW's Q2 Operating Income Up 10%

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ITW's Q2 Operating Income Up 10%

Written by Mike Buetow
Tuesday, 16 September 2008
GLENVIEW, IL – Illinois Tool Works today reported operating revenues rose 10.1% for the three months ended Aug. 31, on the back of translation and acquisitions. For the quarter, the Power Systems and Electronics division was up 13.2% year-over-year. The division includes several electronics manufacturing OEMs, including Speedline Techologies and Vitronics-Soltec. Separately, ITW plans to divest its Decorative Surfaces and Click Commerce businesses. The units have approximately $1.3 billion in annual revenues.

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