GLENVIEW, IL -- Illinois Tool Works' Test, Measurement and Electronics business unit reported jumps in revenue and operating margin for third quarter ended Sept. 30.

Sales were up 5.6% to $586 million, driving primarily by existing businesses, which were up 5.2% year-over-year. 

Operating margin rose 240 basis points to 18.7% during the period.

The group includes Speedline Technologies, Vitronics Soltec, Kester Solder and several other leading brands in electronics assembly.

Consolidated net income was up 17.5% to $531 million, while revenues grew 3.5% to $3.7 billion and operating income increased 14% to $772 million, the highest quarterly operating income in company history. Operating margins also set a record at 20.9%, up 190 basis points.  

Organic revenues grew 3.5%, with North American and international growth of 4% and 3%, respectively. European organic revenues increased 3% and Asia Pacific grew 5%. 

The company raised its full-year guidance on the basis of the strong results and optimistic outlook.

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