Circuits Assembly Online Magazine - ITW Sees Strong Growth on Acquisitions

GLENVIEW, IL -- Illinois Tool Works, parent company of KEster Solder, Speedline and several other electronics manufacturers and suppliers, today reported revenues rose 15% for the quarter ended May 31. Operating revenues grew 10% including acquisitions, but just 1% from base revenues.

The Engineered Products group was down 2% in North America and up 25% overseas. Specialty systems grew 10% in North America and 20% elsewhere.

The company guided for earnings growth of 9% in the second quarter and 11% for the year.