GLENVIEW, IL – ITW's Test & Measurement and Electronics segment saw $732 million in revenue for the fourth quarter, marking a 10% increase from the fourth quarter of 2021.

ITW's Test & Measurement and Electronics segment includes ITW EAE brands such as MPM, Electrovert, Vitronics, Camalot, and Despatch. For all of 2022, the segment saw a 9% increase in revenue to total $2.83 billion.

ITW as a whole saw revenue of $4 billion for the quarter and $15.9 billion for 2022.

"For all of 2022, in a year marked by significant supply chain disruptions and cost inflation, ITW delivered organic growth of 12% for the second year in a row, operating margin of 24.4% in our base business, after tax return on invested capital of 29.1%, and record GAAP EPS of $9.77, an increase of 15% versus the prior year," said E. Scott Santi, ITW chairman and CEO. "There is no question that our decision to stay invested in our enterprise strategy and in our people throughout the pandemic and the quality of our teams’ execution of our 'Win the Recovery' focus coming out of it are powering the strong growth and financial performance ITW is currently delivering. As a result, we are very pleased with our momentum and positioning heading into 2023. I want to again thank my ITW colleagues around the world for their extraordinary dedication and commitment to serving our customers and executing our strategy with excellence."

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