ITW's Sales Up 15%, Sees Some Slowing
Published: 15 March 2007
by Mike Buetow
GLENVIEW, IL – Illinois Tool Works today reported operating revenue rose 15% for the three months ended Feb. 28. The conglomerate saw 2% growth from existing divisions and 11% from acquisitions.
Among ITW's major electronics assembly company holdings are Kester Solder, Speedline Technologies and ITW Chemtronics.
While base revenue growth benefited from strong demand from a broad array of international markets, a number of North American markets continued to show signs of moderating growth or actual declines in the period, the company said.
By segment, Engineered Products was up 5% in North America and 20% overseas, and Specialty Systems was up 8% in North America and 22% abroad.
The company's forecast first-quarter earnings to rise 9% and full-year profit growth of 11%.
ITW is a $14.1 billion in revenues diversified manufacturer of highly engineered components and industrial systems and consumables. The company consists of approximately 750 business units in 49 countries and employs some 55,000 people.
