GLENVIEW, Ill. — Illinois Tool Works Inc. (ITW) has reported an operating revenue increase of 10.1 percent for the three months ended Aug. 31. The company said this double-digit increase in revenue growth was due to contributions from translation and acquisitions.
On Aug. 11, the company announced a plan to divest its Decorative Surfaces and Click Commerce businesses. These units, totaling approximately $1.3 billion in annual revenues, will be reclassified as part of discontinued operations prior to the company’s reporting of earnings on Oct. 16. Accordingly, the company will release the reclassified financial statements for prior periods and its related earnings forecast on October 7.
For more information, go to: http://www.itw.com.