GLENVIEW, IL – ITW announced $703 million in first-quarter revenue for its Test & Measurement and Electronics segment, marking a 5.6% increase from the first quarter of 2022.

ITW's Test & Measurement and Electronics segment includes ITW EAE brands such as MPM, Electrovert, Vitronics, Camalot, and Despatch.

As a whole, ITW reported revenue of $4 billion for the first quarter, a 2% year-over-year increase.

"The ITW team delivered a solid start to the year with organic growth of five percent, operating margin expansion of 150 basis points, strong free cash flow, and double-digit EPS growth as we continue to demonstrate the performance power of our proprietary business model and the resilience of our diversified high-quality business portfolio," said Chairman and CEO E. Scott Santi. "While the near-term economic outlook continues to be uncertain, I am confident that ITW remains well positioned to deliver best-in-class performance in any environment."