GLENVIEW, IL – Illinois Tool Works reported third-quarter 2010 revenues of $4.02 billion, up 12.2% year-over-year.

Operating income for the quarter was $640.5 million, up 32% year-over-year.

Total worldwide revenues for the power systems and electronics segment increased 23.7% versus the year-ago period. Organic revenues grew 23.8% as a result of strong end-market demand associated with the welding and electronics businesses.

PC board fabrication revenues grew 68.6% compared to the same quarter last year, the company said.

ITW is the parent company of Kester Solder, Speedline Technologies, Vitronic-Soltec and other leading brands.