GLENVIEW, IL -- Illinois Tool Works' Power Systems and Electronics business unit reported year-over-year sales growth of 16% for the three months ended Aug. 31.

The conglomerate's overall operating revenue increased 16% year-over-year. Organic revenues contributed six percentage points, while acquisitions and currency translation added four points and six points, respectively. Worldwide end-markets exhibited generally stable growth trends, the company said.

ITW forecasts third-quarter total revenue growth of 15% to 18%.

ITW is parent to Speedline Technologies, Vitronics-Soltec and Kester Solder, among other leading electronics brands.

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